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Stock Analysis & Elliott Wave Technical Forecast: The Coca-Cola Company

Stock Analysis & Elliott Wave Technical Forecast: The Coca-Cola Company

Image Source: Pixabay  The Coca-Cola Company, (KO) Daily ChartKO Elliott Wave Technical AnalysisFUNCTION: TrendMODE: ImpulsiveSTRUCTURE: Motive  POSITION: Wave 2 of (1)DIRECTION: Upside in wave 3.  DETAILS: We have been monitoring KO for a while now, but the count seems to be evolving continuously. At this point we are still looking for further upside into wave 3, […]
Alternative Investments In A High-Priced Market

Alternative Investments In A High-Priced Market

In the current financial climate, stocks are expensive. The S&P 500, a stock market index measuring the stock performance of 500 large companies listed on stock exchanges in the United States, is trading at 20.5 times earnings. This places it in the top 10 percentile of the most expensive stocks ever. Historically, when the S&P […]
IWM And RSP Lead Post Fed Breakout, QQQ $445

IWM And RSP Lead Post Fed Breakout, QQQ $445

Wednesday at 2pm EST the Fed released its policy statement explaining its March rate decision and forward outlook. At 2:30pm EST Chair Powell held a press conference. In the wake of the Fed’s maintaining its outlook for three interest rate cuts this year and the sense that the first one will be in June, the […]
Key Events In Developed Markets And EMEA For The Week Of March 25

Key Events In Developed Markets And EMEA For The Week Of March 25

Image Source: Pixabay  Next week in the US, we’ll see the Fed’s favoured measure of inflation, the core PCE deflator. Here, we expect to see a few signs of weakness in real consumer spending. Over in Hungary, our view is that the NBH will deliver a 75bp cut, accompanied by some hawkish guidance on monetary policy strategy in the […]
Dollar Is Nearing A Big Break Out

Dollar Is Nearing A Big Break Out

Image Source: DepositPhotosThe Dollar is Nearing a big break out as global central banks turn dovish all at once.Video Length: 00:05:41More By This Author:A Lack Of Control Over Inflation Appears To Be Taking Hold The Fed Caves To InflationStocks Trade Higher As Implied Volatility Melts, As Expected
EUR/JPY Price Analysis: Bearish Divergence Hints At Further Weakness

EUR/JPY Price Analysis: Bearish Divergence Hints At Further Weakness

EUR/JPY is showing acute bearish divergence on the weekly chart compared to 2023.  This indicates the potential for a pullback on the horizon.  A negative close next week would provide further evidence of a correction forming. EUR/JPY is in a long-term uptrend distinguished by the rising peaks and troughs in price on the weekly chart.The pair’s price […]
Signs Of A Thaw In The Frozen Existing Homes Market, But A Very Long Way To Go

Signs Of A Thaw In The Frozen Existing Homes Market, But A Very Long Way To Go

There’s no big economic news today, but yesterday existing home sales were released. While they have historically constituted up to 90% of the entire market, they have much less economic impact than new home sales, which involve all sorts of construction activity, followed by landscaping, furnishings, and other sales.Since the Fed started raising rates two […]
Lululemon Shares Tumble On Cautious Consumer Outlook

Lululemon Shares Tumble On Cautious Consumer Outlook

Lululemon’s stock plunged in premarket trading as the company’s forecast for first-quarter net revenue fell short of Wall Street’s expectations. The athleisure brand blamed a slowdown in sales at its US stores for the underwhelming sales forecast. Additionally, Lululemon announced that fourth-quarter adjusted earnings per share missed estimates, prompting analysts to lower their price targets.Late […]
Growth Over Inflation

Growth Over Inflation

S&P 500 post FOMC continued as per the premium call „the rally will go on this week thanks to liquidity, and won‘t offer deep dips“ – the market breadth was good, ad key sectors (XLF and XLY) leading were accompanied to a sufficient degree by tech.While the immediate post FOMC conclusion was that of dovish […]
Profit Taking Bites

Profit Taking Bites

Gold and silver both had spectacular weeks, with gold peaking at a record $2222 overnight on Thursday and silver at $25.75, before profit-taking set in. In European trade this morning, gold was trading at $2166, up $4 on balance from last Friday, and silver at $24.58  was off 60 cents. Comex volumes were moderate except […]