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Alibaba And The 23-Month Moving Average

Alibaba And The 23-Month Moving Average

I have not been shy about telling our readers and social media/media followers that we liked and bought Alibaba (BABA) in February 2024.And we sat with it.And sat with it.Today, it’s paying us some cushy profits.Will it last?BABA reports earnings before the opening bell tomorrow.Alibaba split the business into six business divisions to avoid regulatory […]
A Virtually Stressless P&G Trade

A Virtually Stressless P&G Trade

Image Source: UnsplashP&G’s (PG) volumes are down, and they’re not gaining traction and market share. Inflation is squeezing folk to death! Shelling out a premium price for toothpaste is rough sledding. My strong suspicion is this: algos noticed that P&G escaped a volatility band, making the stock technically “overbought”…The algos smelled blood! Check it out…There are virtually no green candles. […]
Metals Report For Monday, May 13

Metals Report For Monday, May 13

Image Source: PixabayIn this video, Ira Epstein reviews the day’s trading in the gold and other relevant metal markets.Video Length: 00:10:36More By This Author:Metals Report For Friday, May 10SPDR ETF Report For Friday, May 10Financial Markets Report For Friday, May 10
Asia Morning Bites For Tuesday, May 14

Asia Morning Bites For Tuesday, May 14

Image Source: Unsplash Global Macro and Markets   Global Markets:  US Treasury markets were unusually quiet on Monday, though with US PPI today and US CPI on Wednesday, that may not last long. The 10Y yield dropped just one basis point to 4.487%. 2Y yields were virtually unchanged. We’ve got Powell speaking today, along with Fed […]
Nasdaq 100 & S&P 500 Elliott Wave Update – Mon, May 13

Nasdaq 100 & S&P 500 Elliott Wave Update – Mon, May 13

Image Source: PexelsFair trading early in Monday’s session. All directions, up down, and sideways were met with equal enthusiasm. I’ve updated the labeling after today’s price action and discussed one possibility for a quick “downdraft” created by either PPI or CPI (Tuesday and Wednesday). Also, review resistance levels and the EW labeling for this week.Video Length: […]
Current Analysis: Sweden-Based, Elekta AB

Current Analysis: Sweden-Based, Elekta AB

Image Source: PixabayTM Editors’ note: This article discusses a penny stock and/or microcap. Such stocks are easily manipulated; do your own careful due diligence.Sweden-based Elekta (EKTAF) develops, manufactures, and distributes treatment planning systems for neurosurgery and radiotherapy, including stereotactic radiosurgery and brachytherapy.The company’s installed base of more than 5,000 linear accelerators, GammaKnife, and Unity platforms, and […]
Markets Stall At Friday’s Highs As Trade Volume Continues To Fall

Markets Stall At Friday’s Highs As Trade Volume Continues To Fall

Image Source: UnsplashFriday’s highs continue to play as a top but today’s losses didn’t undercut Friday’s lows, leaving things in a bit of a ‘No-Mans-Land’. The Nasdaq returned to a ‘buy’ trigger for On-Balance-Volume and kept its challenge of the ‘bull trap’ intact. This could still go either way.The Russell 2000 (IWM) has been running along […]
PPI To Test The Soft Landing Narrative

PPI To Test The Soft Landing Narrative

Image Source: UnsplashMARKETSAsian stocks are poised for a cautious opening, mirroring the wary sentiment observed on Wall Street as investors brace for key U.S. inflation data. These forthcoming reports are anticipated to play a crucial role in shaping the outlook for Federal Reserve policy, contributing to the market’s cautious stance. Investors are particularly sensitive to this […]
A New Uptrend Has Started

A New Uptrend Has Started

Image Source: Pixabay  SPX Monitoring purposes; Long SPX 4/12/24 at 5123.41.Our Gain 1/1/23 to 12/31/23 SPX= 28.12%; SPX gain 23.38%Monitoring purposes GOLD: Long GDX on 10/9/20 at 40.78. SPY has been up 7 days up in a row; all were higher within 5 days. The second window up from the bottom is the VIX which was up […]
What Wall Street Experts Are Saying About Alibaba Ahead Of Earnings

What Wall Street Experts Are Saying About Alibaba Ahead Of Earnings

Image Source: Unsplash Alibaba Group (BABA) is scheduled to report results of its fiscal fourth quarter of FY24 before the U.S. market opens on Tuesday, May 14, and will hold a conference call to discuss the results at 7:30 a.m. U.S. Eastern Time the same day. What to watch for: MORE AGGRESSIVE SPENDING: Last quarter, Alibaba reported Q3 adjusted […]