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GE’s Bullish Inverted Head & Shoulders Pattern: A Textbook Example

GE’s Bullish Inverted Head & Shoulders Pattern: A Textbook Example

Image Source: UnsplashThis is just a nice pattern example for your reference: a bullish inverted head & shoulders pattern with GE. Once it crossed above its neckline at about $72, it was off the races. It has already achieved its measured move target. More By This Author:YelliquidityAmazon’s Final Push?From Red-Hot To Humdrum
Stocks And Precious Metals Charts – And May The Odds Be Ever In Your Favor

Stocks And Precious Metals Charts – And May The Odds Be Ever In Your Favor

Image Source: UnsplashAs you probably already know the Non-Farm Payrolls report came in on the hot upside this morning.The Dollar rocketed higher.Stocks ended up rallying today, which was a bit of a surprise.Gold and silver were back in rally mode.VIX fell.Let’s see how next week goes.Biden’s lack of leadership and diplomacy befitting one of the leaders […]
Reuters, Musk, And Emotions

Reuters, Musk, And Emotions

Image Source: PexelsMarket Update: A low-volume, one-day rally on an earnings report showing many government jobs. All hail Keynesianism. Perhaps that’s why gold is now at $2,350 and remains part of our Hedge of Tomorrow argument. After a four-day sell-off, this wasn’t shocking. The trend still features heavy selling across the small-cap universe, technology, and cyclical space. […]
Business Cycle Indicators: Employment Along With Coincident Index, VMT, Heavy Trucks, And Sahm Rule

Business Cycle Indicators: Employment Along With Coincident Index, VMT, Heavy Trucks, And Sahm Rule

Image Source: UnsplashHere’s a picture of the key indicators followed by the NBER Business Cycle Dating Committee used in their business cycle chronology:Figure 1: Nonfarm Payroll employment from CES (bold blue), from Philadelphia Fed early benchmark (teal), civilian employment (orange), industrial production (red), personal income excluding current transfers in Ch.2017$ (bold green), manufacturing and trade sales in […]
Yelliquidity

Yelliquidity

Let’s catch up with some liquidity data, shall we? Notes in the captions (click images to enlarge):Yellen’s scheme to give hundreds of billions to banks expired last month, and now they’re starting to pay it off. Ostensibly this should zero out by March 11th of next year. A lot can happen in eleven months.The reverse […]
Volatility Rumbles As A Market Reversal Looms

Volatility Rumbles As A Market Reversal Looms

Image Source: Pixabay We just lived through the most volatile week this year – and a lot of people following along with my picks got the chance to clean up. (More on that in a second.) And I don’t think we’ve seen the last of the turbulence…not by a longshot.Tonight we’re going to look at what […]
Three Stocks Worth Holding If Rates Stay Higher For Longer

Three Stocks Worth Holding If Rates Stay Higher For Longer

Image courtesy of 123rf.com On Wednesday, Federal Reserve Chair Jerome Powell said that at “some point this year,” the interest rate will come down from the present 5.25 – 5.50% range. The Fed engaged in this hiking cycle to reduce the rampant inflation rate, which peaked at 9.1% in June 2022. Although February’s annual inflation rate was 3.2%, Powell […]
Jobs: Household Report Jumps But QCEW Shows Job Market Is Not As Strong

Jobs: Household Report Jumps But QCEW Shows Job Market Is Not As Strong

The analysis below covers the Employment picture released on the first Friday of every month. While most of the attention goes to the headline number, it can be helpful to look at the details, revisions, and other reports to get a better gauge of what is really going on. Current Trends The BLS reported a […]
International ETFs See Fifteenth Straight Weekly Inflow

International ETFs See Fifteenth Straight Weekly Inflow

During LSEG Lipper’s fund-flows week that ended April 3, 2024, investors were overall net purchasers of fund assets (including both conventional funds and ETFs) for the first week in three, adding a net $76.6 billion—the tenth largest weekly total since the start of 2015.Money market funds (+$69.9.8 billion), taxable bond funds (+$7.1 billion), commodities funds […]
AI Unicorns: Cohere Is Looking To Double Its Valuation

AI Unicorns: Cohere Is Looking To Double Its Valuation

Photo Credit: Lakshmiraman Oza from Pixabay According to a report published last year, the generative AI market is expected to grow at 42% CAGR to reach $1.3 trillion in 2032 from $40 billion in 2022. The growth in the industry is expected to be driven by training infrastructure for large language models (LLMs) along with specialized software and […]