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US Market Commentary – Wednesday, April 24

US Market Commentary – Wednesday, April 24

US PMIs Miss… AgainThe US Dollar was seen softening yesterday on the back of a weaker-than-forecast set of PMI readings for last month. The March manufacturing PMI was seen falling to 49.9 from 51.9 prior, well below the 52 expected. The dip back into contractionary territory is a disappointing move, marking the second consecutive month […]
Johnson & Johnson Stocks Elliott Wave Technical Analysis

Johnson & Johnson Stocks Elliott Wave Technical Analysis

JNJ Elliott Wave Analysis Trading Lounge Daily ChartJohnson & Johnson, (JNJ) Daily ChartJNJ Elliott Wave Technical AnalysisFUNCTION: Counter TrendMODE: CorrectiveSTRUCTURE: ComplexPOSITION: Intermediate (2).DIRECTION: Downside in wave Z.  DETAILS: Looking for support as we touched 0.618 Z vs. X. If we find resistance on Medium Level at 150 then we can expected further downside.   JNJ Elliott Wave Analysis […]
Tesla Stock Up 10% As Musk Promises Cheaper EVs And Robots

Tesla Stock Up 10% As Musk Promises Cheaper EVs And Robots

Tesla’s (TSLA) stock price soared over 10% in premarket trading, driven by CEO Elon Musk’s promises at the earnings call. Pixabay Tesla’s stock price soared by over 10% in premarket trading today, reaching $161.13 per share at the time of writing, despite the company’s recent challenges. The electric vehicle manufacturer had experienced a 42% decline in its stock value for […]
Momentum Swinging Back To Risk Assets

Momentum Swinging Back To Risk Assets

Image Source: DepositPhotosAs the week got going, we talked about the possibility that a lot of the Dollar bullishness and equity market bearishness may have been priced to the max, leaving room for a healthy reversal of flow. And indeed, this is how things have been playing out.Video Length: 00:01:12 More By This Author:Has Most Of […]
The Commodities Feed: Oil Risk Premium Eases

The Commodities Feed: Oil Risk Premium Eases

Crude oil traded little changed this morning as geopolitical risks continue to ease. Meanwhile, a constructive API report failed to lift sentiment. Pixabay Energy – Bullish API report fails to lift sentimentSentiment in the oil market remains soft, with prices for both ICE Brent and NYMEX WTI trading flat in the early trading session today. The reduced […]
Tesla To Take On Uber Now? Elon Musk’s Ev Giant Teases With Autonomous Ride-Hailing

Tesla To Take On Uber Now? Elon Musk’s Ev Giant Teases With Autonomous Ride-Hailing

Tesla, the leading American electric vehicle manufacturer, recently teased a new development during their Q1 Earnings Call that may soon allow your car to autonomously pick you up or earn money on its own.Here’s a detailed look at what Tesla’s future in autonomous driving technology holds. Tesla’s robo taxiTesla’s upcoming robo taxi service aims to modernize the taxi-hailing experience by […]
Tesla Shares Rose On A Weak Report. Inflationary Pressures Are Easing In Australia

Tesla Shares Rose On A Weak Report. Inflationary Pressures Are Easing In Australia

At Monday’s close, the Dow Jones Industrial Average (US30) was up 0.69%, while the S&P 500 Index (US500) added 1.20%. The NASDAQ Technology Index (US100) closed positive 1.59% on Tuesday. The US stock indices closed moderately higher, with the Dow Jones Industrials Index rising to a one-week high. Better-than-expected first-quarter earnings results supported stocks. Stock indices continued to rise after a weaker-than-expected […]
Bitcoin Price Is Slowly Stabilizing Above $67000 Level

Bitcoin Price Is Slowly Stabilizing Above $67000 Level

Bitcoin chart analysisThe price of Bitcoin successfully broke above the $67000 level. A new weekly high was formed at the $67241 level. After that, we saw a pullback to support at the EMA50 moving average up to $66000. We remain above and return to the previous bullish consolidation. We are now at $66800 and getting closer to […]
WBC Stock Analysis & Elliott Wave Technical Forecast

WBC Stock Analysis & Elliott Wave Technical Forecast

ASX: WESTPAC BANKING CORPORATION – WBC Elliott Elliott Wave Technical Analysis TradingLounge (1D Chart)Greetings, Our Elliott Wave analysis today updates the Australian Stock Exchange (ASX) with WESTPAC BANKING CORPORATION – WBC. Our recently updated forecast for NST in the Top 50 ASX Stocks service is still active. We identify a long-term trading opportunity with WBC, and […]
Fake Dirty Underwear: Why You Need To Buy Some

Fake Dirty Underwear: Why You Need To Buy Some

Recently, I posted an article about investing in silver and silver coins. But if you buy silver, or gold, coins, where do you hide them?PexelsOne popular location is a bank’s safe deposit box. But the disadvantages are that you can’t get access to the coins at all times, and if on the very rare occasion that […]