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Stocks Stall On April 3, 2024, As Copper And Oil Break Out

Stocks Stall On April 3, 2024, As Copper And Oil Break Out

Image Source: UnsplashStocks finished the day flat after a hot ADP report sent rates higher, and a cool ISM report sent rates back to flat. That left stocks moving sideways after a brief move higher in the midday and a decline into the close. So, if you are counting, the S&P 500 finished the day below […]
Gold Miners ETF Extending Higher In Impulsive Structure

Gold Miners ETF Extending Higher In Impulsive Structure

Image Source: PixabayShort Term Elliott Wave view in Gold Miners ETF (GDX) suggests rally from 2.29.2024 low is in progress as a 5 waves impulse structure. Up from 2.29.2024 low, wave ((i)) ended at 30.48 and pullback in wave ((ii)) ended at 28.91. Internal subdivision of wave ((ii)) unfolded as a zigzag structure. Down from wave ((i)), wave (a) […]
WTI Stands Tall Near Multi-Month Peak, Just Above $85.00/Barrel Mark

WTI Stands Tall Near Multi-Month Peak, Just Above $85.00/Barrel Mark

Image Source: Unsplash WTI is seen consolidating its recent strong move to over a five-month peak. Worries about supply disruptions and tight global supply lend some support. Signs of improving demand should further contribute to limiting the downside. West Texas Intermediate (WTI) US Crude Oil prices enter a bullish consolidation phase during the Asian session on Thursday […]
Australian Dollar Edges Higher On Improved Aussie PMI Amid Steady US Dollar

Australian Dollar Edges Higher On Improved Aussie PMI Amid Steady US Dollar

Image Source: Pixabay Australian Dollar gains ground on improved domestic economic data on Thursday. Australia’s Judo Bank Services and Composite PMIs improved to 54.4 and 53.3, respectively, in March. US Dollar receives downward pressure due to lower US Treasury yields. The Australian Dollar (AUD) continues to gain ground on the third successive session after improved Judo […]
USD/CAD Remains Under Selling Pressure Below 1.3530 Amid Weaker US Dollar, Higher Oil Prices

USD/CAD Remains Under Selling Pressure Below 1.3530 Amid Weaker US Dollar, Higher Oil Prices

Photo by Michelle Spollen on Unsplash USD/CAD drifts lower to 1.3520 on the softer US Dollar on Thursday.  The US March ISM Services PMI came in weaker than expected, easing to 51.4 from 52.6 in February. Higher crude oil prices amid the fear of oil supply disruptions lift the commodity-linked Loonie. The USD/CAD pair trades on a softer […]
Bank Earnings Loom: What To Expect

Bank Earnings Loom: What To Expect

Image Source: Pixabay Total S&P 500 earnings for the first quarter of 2024 are expected to be up +2.5% from the same period last year on +3.5% higher revenues. This follows the +6.7% earnings growth on +3.9% higher revenues in 2023 Q4. The Tech and Energy sectors are having the opposite effects on the Q1 earnings […]
Markets Coming To Terms With Limited Rate Cuts In 2024

Markets Coming To Terms With Limited Rate Cuts In 2024

Image Source: PexelsMarket indices scraped by for the most part today, digging out of negative territory at the opening bell to slightly in the green — aside from the blue-chip Dow index, which dipped another -43 points , -0.11% — by the close. The S&P 500 reversed the Dow’s day, +0.11%, while the Nasdaq and Russell […]
This Slingshot Reversal Could Be Our Biggest Win Of This Week

This Slingshot Reversal Could Be Our Biggest Win Of This Week

Image Source: UnsplashWow, charts look beautiful tonight!We’re bullish into a range and sellers just tried TWICE to retest this afternoon’s low…Situations like these are ripe for a Slingshot Reversal – here’s my plan to trade it on Thursday! E-Mini S&P (ES): Emini is bullish into a range and buyers will be looking to complete their pendulum-swing […]
Elliott Wave 2024 Outlook: Strategic Forecasts For S&P 500 And Leading Indices

Elliott Wave 2024 Outlook: Strategic Forecasts For S&P 500 And Leading Indices

Image Source: UnsplashStock Market Report S&P 500,  NASDAQ 100,  RUSSELL 2000,  DAX 40,  FTSE 100,  ASX 200. Elliott Wave Technical AnalysisElliott Wave Analysis Indices: Jobless claims next session, could spike the Indices lower, however if that was the case then the Indices bullish pattern would be over, now that said, the current low for Indices can […]
Financial Markets Report For Wednesday, April 3

Financial Markets Report For Wednesday, April 3

Image Source: PixabayIn this video, Ira Epstein reviews the activity in the Financial Markets after the day that just ended, Wednesday, April 3.Video Length: 00:06:54More By This Author:Metals Report For Tuesday, April 2Financial Markets Report For Tuesday, April 2Metals Report For Monday, April 1