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Can Bitcoin Rally Hold Above Key Fibonacci Level?

Can Bitcoin Rally Hold Above Key Fibonacci Level?

Image Source: Unsplash Bitcoin has struggled to overcome a very important price level for more than two years: the 1.618 Fibonacci extension level.This price area is especially important as it marked Bitcoin’s original all-time high in November 2021. We eclipsed that this month, but price has fallen from those levels.We can see this in this month’s long wick […]
‘Higher For Longer’ Inflation To Upend Markets, Create Opportunities

‘Higher For Longer’ Inflation To Upend Markets, Create Opportunities

Image Source: Pexels Recent inflation reports show that it’s proving “sticky”, stubbornly refusing to recede down to the target rates that central banks are shooting for.But rather than simply staying sticky, could it actually start surging again?Today’s guest expert thinks it could due to growing global economic imbalances.If that happens, what will the implications be?And can […]
S&P 500 And Nasdaq 100 – Elliott Wave Technical Analysis

S&P 500 And Nasdaq 100 – Elliott Wave Technical Analysis

Image Source: Unsplash No major changes to make over what has been presented. Both the ES and the NQ remain in the process of putting in smaller 4th waves within ongoing minute 3rd waves — expectations remain for additional upside to occur with new highs.Video Length: 00:17:26More By This Author:Nasdaq 100 And S&P 500 – Elliott […]
Stocks And Precious Metals Charts – VIX Subdued

Stocks And Precious Metals Charts – VIX Subdued

Stocks rallied for most of the day, but then turned down and went into the red for the close.Gold gave up much of its early rally but managed to hold on to some of its gains.Silver followed stocks lower.The Dollar chopped sideways.The VIX remains subdued. Big volumes of physical gold continue to move in and out […]
Boost Profits With Gasoline ETF Ahead Of Summer Driving Season

Boost Profits With Gasoline ETF Ahead Of Summer Driving Season

Image Source: Unsplash Gas prices have started to climb up ahead of the summer driving season. The national average for a gallon of gas spiked to $3.53, up from $3.26 a month ago, per the American Automobile Association (AAA). Most of the surge is due to the recent rise in crude oil prices and the upcoming […]
STOXX 600 Earnings Outlook 23Q4 – Tuesday, March 26

STOXX 600 Earnings Outlook 23Q4 – Tuesday, March 26

Image Source: Pixabay   Fourth quarter earnings are expected to decrease 6.5% from Q4 2022. Excluding the Energy sector, earnings are expected to decrease 1.3%. Fourth quarter revenue is expected to decrease 5.0% from Q4 2022. Excluding the Energy sector, revenues are expected to decrease 1.8%. 291 companies in the STOXX 600 have reported earnings to […]
This Will Determine The Next Move For Stocks

This Will Determine The Next Move For Stocks

Image Source: Pexels Market radar is strongly honed in on the bond market right now. Whether it breaks to the upside or downside will likely be a major determining factor in terms of sector leadership in the stock market. Will growth, tech, and communications continue to outperform or will we start to see the inflation trade […]
SoundHound AI: A “Pump & Dump” Stock Or A Long-Term Hold?

SoundHound AI: A “Pump & Dump” Stock Or A Long-Term Hold?

Photo by Steve Johnson on Unsplash This post contrasts the dire warning that SoundHound AI (SOUN) is a “pump & dump” stock with a wait-and-see position depending on the effects of Nvidia’s February 14th $3.7M investment. About SoundHound AI SoundHound AI is a voice AI and sound recognition company based in Santa Clara, California, that provides AI-powered voice technology for cars, […]
GameStop Stock Tanks On Q4 Earnings Report

GameStop Stock Tanks On Q4 Earnings Report

Image Source: Unsplash GameStop Corp just posted a disappointing earnings report for its fiscal fourth quarter. Shares of the gaming merchandise retailer are down close to 20% in extended hours. GameStop stock down on a hit to revenue The $4.0 billion company based out of Grapevine, Texas improved its net income from $48.2 million to $63.1 million. Its […]
Stocks Settle Lower Amid Mixed Economic Data 
                    
 

Stocks Settle Lower Amid Mixed Economic Data  

The Dow settled lower on Tuesday on the heels of declining consumer confidence data, though durable goods orders surpassed expectations. The S&P 500 and Nasdaq logged losses of their own, with the former seeing a third-straight daily drop. Meanwhile, the Cboe Volatility Index (VIX) — also known as Wall Street’s “fear gauge” — saw a third consecutive […]