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Should You Buy S&P 500 ETFs Now & Hold?

Should You Buy S&P 500 ETFs Now & Hold?

Image Source: PixabaySince October, Wall Street has been on a winning streak, defying concerns about various economic factors, especially high inflation and high rates. The S&P 500 logged its best first quarter since 2019. The index was up 10% in the first quarter of 2024.The index has also surged by 25% over the past five months, […]
Current Analysis: Shell

Current Analysis: Shell

Image Source: PixabayShell (RYDAF) is an integrated oil and gas company that explores for, produces, and refines oil around the world.In 2021, it produced 1.7 million barrels of liquids and 8.7 billion cubic feet of natural gas per day. At year-end 2021, reserves stood at 9.2 billion barrels of oil equivalent, 50% of which consisted of […]
Big Bearish Engulfing Patterns As Positive Start Negated

Big Bearish Engulfing Patterns As Positive Start Negated

Image Source: UnsplashIt was a setting up to be a low key day, but come the afternoon, sellers pounced and drove markets down hard after doubts raised on future rate cuts. Fed news wasn’t the key takeaway, but the loss of support was. The S&P was hardest hit, not because of the percentage loss, but because […]
NZD/USD Price Analysis: Bulls Back Off, Consolidation May Be Incoming

NZD/USD Price Analysis: Bulls Back Off, Consolidation May Be Incoming

Photo by Thomas Coker on Unsplash The hourly chart signals a possible short-term rise in selling pressure with a shar decline in the RSI. The negative outlook remains on the daily chart. The bearish crossover between the 20 and 200-day SMAs implies a strong negative momentum. The NZD/USD pair is trading at around 0.6025 and trimmed most of its daily gains […]
Perfect Reversal

Perfect Reversal

Image Source: UnsplashLast night, I did a special post for our beloved Gold and Platinum members called Index Points, whose main point was that we were beautifully positioned for a hard reversal, since we had snapped supporting trendlines so perfectly. Well, this morning it wasn’t looking so good, but a couple of hours before the close, we got some action, Jackson.Honestly, these are […]
AUD/USD Modestly Gains During Friday’s Asian Session, Traders Eye US NFP 
                    
Aussie’s and US economic dockets

AUD/USD Modestly Gains During Friday’s Asian Session, Traders Eye US NFP Aussie’s and US economic dockets

Image Source: Unsplash Aussie Dollar gains on cooling US job market signs, amid geopolitical tension. Fed’s mixed signals reflect caution in policy easing, considering inflation, growth. Australian trade, US job data ahead, crucial for AUD/USD direction amid global economic scrutiny. The Australian Dollar posted solid gains of more than 0.30% on Thursday against the Greenback after […]
Rangebound Major Secor ETFs – What’s Next?

Rangebound Major Secor ETFs – What’s Next?

Watching certain instruments for clues on next moves, probably the best (equities) to watch is the Economic Modern Family.The Family covers everything from tech to regional banks to small caps to retail and more.Is our economy improving?What sectors do not like the higher for longer conversation?Which sectors have pricing power?Looking at these weekly charts, I […]
Fear And Loathing Ahead Of Payroll Numbers

Fear And Loathing Ahead Of Payroll Numbers

Image Source: Pixabay After a morning of calm, steady gains, the markets got a significant jolt of dread this afternoon. The news hit that Israel was boosting security measures at its worldwide embassies and consulates in anticipation of Iranian retaliation for a recent Israeli attack.This whipped the bulls and in a matter of minutes, the day’s […]
Stocks And Precious Metals Charts – NFP Report Tomorrow

Stocks And Precious Metals Charts – NFP Report Tomorrow

Stocks fell hard this afternoon. I think it was triggered by a combination of things, including some rate-cut remarks by Neel Kashkari, according to the giggling spokesmodels.But more likely it was the warnings and fears of an outbreak of war in the Mideast, that will drag in the United States and its allies.Gold and silver […]
S&P 500 & Nasdaq 100 – Elliott Wave Update – Thur., April 4

S&P 500 & Nasdaq 100 – Elliott Wave Update – Thur., April 4

Image Source: Unsplash Another rejection from all the markets after another hawkish statement from the Fed Presidents out speaking today. The rejections were much stronger and broke the triangle patterns in both the ES and NQ. I have updated the charts to reflect the completion of the Primary B waves – thus the completions of minute 5th […]