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S&P 500 & Nasdaq 100 Elliott Wave Update

S&P 500 & Nasdaq 100 Elliott Wave Update

Image Source: Unsplash Follow through to the upside was the ticket for Thursday. Although stronger in the ES than the NQ both managed to finish with some strength. I update the labeling and adjust Fibonacci levels. At the moment I feel the ES has stronger upside potential from current levels to complete the minute 3rd wave, […]
Stocks Rally As The Dollar Falls On Weak Jobless Claims

Stocks Rally As The Dollar Falls On Weak Jobless Claims

 Image Source: Unsplash Stocks rallied on May 9 as the dollar weakened on disappointing jobless claims data.Video Length: 00:06:42More By This Author:Indicators Are Suggesting A Stock Market Reversal May Be Coming The S&P 500 Comes To The Critical 5,200 Level Stocks, Rates, And The Dollar Rise On May 6, 2024
How Retail Could Get Ravaged

How Retail Could Get Ravaged

Image Source: Pixabay The money supply is on the move, that’s for sure… but not into consumers’ pockets.Industrials, as tracked by the SPDR XLI ETF are up more than 24% over the past six months. Aerospace and defense, as tracked by the iShares ITA ETF are up nearly 20% in the same six-month timeframe.That’s growth.Those consumers […]
Stocks And Precious Metals Charts – Waffling Around

Stocks And Precious Metals Charts – Waffling Around

VIX fell.The Dollar fell.Gold and silver rallied higher to their breakout points.Stocks managed to pull higher after some waffling around.Stock option expiration and inflation data next week.Have a pleasant evening.  More By This Author:Stocks And Precious Metals Charts – Sic Transit Gloria MundiStocks And Precious Metals Charts – The Father Of Lies And His Children […]
SoundHound Q1 Revenue Jumps 73%, Tops Expectations

SoundHound Q1 Revenue Jumps 73%, Tops Expectations

Image Source: Pixabay SoundHound AI Inc (Nasdaq: SOUN) is trending slightly up in extended hours on Thursday after coming in ahead of Street estimates for its fiscal Q1. Why else is SoundHoud stock gaining in after-hours? The stock is being rewarded also because the voice AI company issued encouraging guidance for the future as well. SoundHound forecasts its […]
Market Talk – Thursday, May 9

Market Talk – Thursday, May 9

ASIA:The major Asian stock markets had a mixed day today: NIKKEI 225 decreased 128.39 points or -0.34% to 38,073.98 Shanghai increased 25.84 points or 0.83% to 3,154.32 Hang Seng increased 223.95 points or 1.22% to 18,537.81 ASX 200 decreased 82.90 points or -1.06% to 7,721.60 Kospi decreased 32.91 points or -1.20% to 2,712.14 SENSEX decreased […]
Avalanche grants $1 million for meme coin and NFT marketplace Salvor

Avalanche grants $1 million for meme coin and NFT marketplace Salvor

Peer-to-peer NFT and meme coin lending protocol Salvor received $1 million in AVAX from the Avalanche Foundation to expand its services on the Avalanche C-Chain. This move is part of the Avalanche Rush Program, designed to accelerate the growth of decentralized finance (DeFi) on the platform. Salvor has a dynamic lending system that allows users […]
Dow Logs 7th Straight As Wall Street Rally Gains Steam

Dow Logs 7th Straight As Wall Street Rally Gains Steam

Wall Street left pessimism in the dust today after jobless claims boosted hopes of an interest rate cut before the year’s end. Elsewhere, strong demand at a bond auction pushed Treasury yields lower, with the 10-year note shedding more than two basis points to breach 4.5%.In response, the Dow added 331 points for its seventh-straight win and best […]
Stubborn Inflation And Debt Crisis: Warning Of Economic ‘Death By 1,000 Cuts’

Stubborn Inflation And Debt Crisis: Warning Of Economic ‘Death By 1,000 Cuts’

Image source: Pixabay In this episode, host Andrew Brill sits down with Peter Boockvar, Chief Investment Officer at Bleakley Financial Group and author of the Boock Report.Together, they tackle the stubborn inflation gripping the economy, the looming crisis in commercial real estate refinancing, and the risk of a “death by a thousand cuts” scenario.Peter shares his […]
Russell 2000 Earnings Dashboard 24Q1 – Thursday, May 9

Russell 2000 Earnings Dashboard 24Q1 – Thursday, May 9

Image Source: Pexels Russell 2000 Aggregate Estimates and Revisions The 24Q1 Y/Y blended earnings growth estimate is 0.7%. If the energy sector is excluded, the growth rate for the index is 14.8%. Of the 1,287 companies in the Russell 2000 that have reported earnings to date for 24Q1, 60.8% reported above analyst expectations. The 24Q1 Y/Y blended revenue growth estimate is -1.0%. If the energy sector is excluded, the growth rate for […]