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Nasdaq 100 & S&P 500 Elliott Wave Update – Tue, May 29

Nasdaq 100 & S&P 500 Elliott Wave Update – Tue, May 29

Image Source: UnsplashBoth the Nasdaq and the S&P benefited from the continued rally in NVDA. NVDA will split 10:1 on June 7th. The rush is on to buy the stock and options. I update the EW counts and labeling, discuss a labeling change in the NQ. I’m still discussing additional upside is very likely and I again […]
Tech Booms As HIgher Treasury Yields Loom

Tech Booms As HIgher Treasury Yields Loom

Image Source: PixabayWhile the S&P 500 stayed in neutral territory, Nvidia’s (NVDA) stunning rally propelled the Nasdaq to a fresh record high. Shares in the AI darling have surged 20% over the last three trading days, boosting the company’s market cap to an astonishing $2.8 trillion.However, the broader market isn’t basking in unbridled optimism. U.S. Treasury […]
Financial Markets Report For Tuesday, May 28

Financial Markets Report For Tuesday, May 28

Image Source: PixabayIn this video, Ira Epstein reviews the activity in the Financial Markets after the day that just ended, Tuesday, May 28.Video Length: 00:13:36More By This Author:Metals Report For Thursday, May 23 SPDR ETF Report For Thursday, May 23 SPDR ETF Report For Wednesday, May 22
New Zealand Dollar/U.S.Dollar (NZDUSD) Forex Elliott Wave Technical Analysis

New Zealand Dollar/U.S.Dollar (NZDUSD) Forex Elliott Wave Technical Analysis

NZDUSD Elliott Wave Analysis Trading Lounge Day Chart,New Zealand Dollar/U.S.Dollar (NZDUSD) Day ChartNZDUSD Elliott Wave Technical AnalysisFUNCTION: TrendMODE: impulsiveSTRUCTURE: orange wave 3POSITION:  navy blue wave 1DIRECTION NEXT LOWER  DEGREES: orange wave 4DETAILS orange wave 3 of 1 is in play and looking near to end.Wave Cancel invalid level: 0.60865The NZDUSD Elliott Wave Analysis on the daily chart is focused […]
A Look At Retail ETFs Post Q1 Earnings

A Look At Retail ETFs Post Q1 Earnings

Image Source: UnsplashThe overall first-quarter earnings picture for the retail sector has been modest. Total earnings from 95.4% of the sector’s total market capitalization reported so far are up 31.9% on 5.6% higher revenues, with 69.2% beating EPS estimates and 57.7% beating revenue estimates. However, this is a notable deceleration from the growth trend of the last few […]
Should You Buy Stock Splits?

Should You Buy Stock Splits?

Image Source: UnsplashMany notable stock splits have occurred in recent years, with companies aiming to increase liquidity within shares and erase barriers to entry for potential investors. Now Nvidia and Chipotle Mexican Grill now have joined the stock-split fray.Stock splits give lower share prices, making stock purchases more affordable for a greater number of investors (although […]
Current Analysis: Assicurazioni Generali

Current Analysis: Assicurazioni Generali

Image Source: PixabayAssicurazioni Generali (ARZGF) as a financial services company, offers life insurance, general insurance, and asset management. While the company is listed in Italy, France and Germany are also key markets for the business.Germany is the company’s second-largest life market by quite some margin, and this is a market that carries a high proportion of […]
Transports Are Crashing Without Breaking News

Transports Are Crashing Without Breaking News

Image Source: UnsplashOnce again, while semiconductors roared to new highs, Transportation as seen through IYT the ETF, sold off.Retail XRT closed marginally green after better-than-expected consumer confidence data.Regional Banks fell closer to the critical levels of support.Biotech had a bad day as well.And Bitcoin is also back-testing critical support.This is leaving a very bad taste in […]
GBP/JPY Breaks Into Fresh Multi-Decade Highs As Yen Continues To Soften

GBP/JPY Breaks Into Fresh Multi-Decade Highs As Yen Continues To Soften

Image Source: Pixabay GBP/JPY breached 200.60, setting a fresh 34-year high. Thin UK data leaves GBP free to drift higher against the Yen. Japanese Tokyo CPI inflation due on Friday. GBP/JPY drifted into a new 34-year high above 200.60 on Tuesday as Yen pairs continue to pare away JPY strength following suspected “Yenterventions” from the Bank […]
AUD/JPY Price Analysis: Bulls Display Signs Of Fatigue, Potential Shift Remains Possible

AUD/JPY Price Analysis: Bulls Display Signs Of Fatigue, Potential Shift Remains Possible

Image Source: Unsplash Daily chart indicators suggest a slowdown in buying traction with RSI positioned above 70 indicating overbought conditions. Hourly chart indicators weaken, implying the possibility of short-term losses in the upcoming Asian session. The bulls might not have enough traction to retest the cycle highs above 105.00. In Tuesday’s session, the AUD/JPY pair continued […]