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This Bear Trap Could Make Us A Fortune On Wednesday

This Bear Trap Could Make Us A Fortune On Wednesday

Image Source: Pixabay   These charts look great tonight!  Markets are finally pulling back off recent highs, and I have (3) Bear Trap patterns I’m watching for Wednesday…The first two are my favorite, but if we’re lucky, Bear Trap #3 could make us a small fortune!!Markets have been melting higher since last Friday, and everyone’s waiting […]
Nasdaq 100 & S&P 500 Elliott Wave Update – Tue, May 7

Nasdaq 100 & S&P 500 Elliott Wave Update – Tue, May 7

Image Source: UnsplashNot much to be added to the current analysis. Both the ES and NQ continued to advance albeit at a slower pace. I have updated the labeling where I am looking for a pullback in both markets. I also include the Fib retracement levels for the pullback. I am still looking for a continuation […]
Big Afternoon For Earnings: RDDT, WYNN, LYFT & More

Big Afternoon For Earnings: RDDT, WYNN, LYFT & More

Image Source: PixabayWe were flat in regular market trading this Tuesday. That said, the Dow’s gain of +0.08% for the session marks the index’s fifth-straight higher close. The S&P 500 notches its fourth-straight up day, +0.13%. The Nasdaq broke its three-day winning streak with a marginal downward move to -0.10%, while the small-cap Russell 2000 outperformed […]
Asia Morning Bites For Wednesday, May 8

Asia Morning Bites For Wednesday, May 8

Image Source: Unsplash Global Macro and Markets   Global Markets:  Tuesday was very quiet in US Treasury markets. The 2Y UST is unchanged from yesterday at 4.83% after trading in a narrow range all day. 10Y yields edged down 3 basis points to 4.457%, bouncing off an intraday low of 4.42%. Markets largely ignored the Minneapolis Fed’s […]
Current Analysis: Trend Micro Inc

Current Analysis: Trend Micro Inc

Image Source: PexelsTrend Micro Inc (TMICY) provides antivirus and other security products that protect the flow of information on PCs, file servers, e-mail servers, and the Internet gateway.Sales have averaged 75% annual growth over the past decade. Customers include British Airways, Merrill Lynch, Microsoft, Pacific Bell, and governmental agencies in the United States and Japan.The company […]
EUR/USD Edges Lower To Near 1.0750 After Hawkish Remarks From A Fed Official

EUR/USD Edges Lower To Near 1.0750 After Hawkish Remarks From A Fed Official

Image Source: Pixabay EUR/USD continues to lose ground due to the hawkish sentiment of the Fed prolonging elevated policy rates. Fed’s Kashkari said that the most likely scenario is for interest rates to stay unchanged for an extended period. Eurozone Retail Sales marked the most significant increase in March since September 2022, indicating strength in the […]
Financial Markets Report For Tuesday, May 7

Financial Markets Report For Tuesday, May 7

Image Source: PixabayIn this video, Ira Epstein reviews the activity in the Financial Markets after the day that just ended, Tuesday, May 7.Video Length: 00:15:59More By This Author:Metals Report For Monday, May 6SPDR ETF Report For Monday, May 6Financial Markets Report For Monday, May 6
Buyback Bonanza: 3 Companies Scooping Up Shares

Buyback Bonanza: 3 Companies Scooping Up Shares

Image Source: PexelsStock buybacks, or share repurchase programs, are commonly executed by companies to boost shareholder value. A stock buyback occurs when a company purchases outstanding shares of its stock. In its simplest form, buybacks represent companies essentially re-investing in themselves.In 2024, several companies – Apple (AAPL – Free Report), Marathon Petroleum (MPC – Free Report), and AutoNation (AN – Free Report) – […]
USD/JPY Extends Recovery Above 154.50 Amid Firmer US Dollar

USD/JPY Extends Recovery Above 154.50 Amid Firmer US Dollar

Image Source: Pixabay USD/JPY gains traction near 154.75 in Wednesday’s early Asian session.  Fed’s Kashkari noted the Fed might stand put on rates and open the door for hiking if inflation doesn’t ease. BoJ Governor said he will closely monitor the JPY’s weakness and will consider taking more steps if the currency continues to slide.  The USD/JPY pair trades in positive territory for the third consecutive day around 154.75 […]
3 Must-Buy Stocks Buy Following Earnings

3 Must-Buy Stocks Buy Following Earnings

As earnings season begins to wind down, the standout performers are easier to identify. While some stocks posted adequate quarterly earnings, others really wowed Wall Street.These exceptional performers not only exceeded expectations but also provided compelling outlooks, signaling strong potential for future growth.As investors sift through the earnings reports to find winners, I must highlight […]