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Bearish Engulfing Candle – Time To Worry?

Bearish Engulfing Candle – Time To Worry?

Image Source: PexelsAre bearish engulfing candle patterns really that bad? Do they mean that a stock market crash is right around the corner? In this video, I tackle the bearish engulfing candle pattern using technical analysis, and go into detail what you really need to be concerned with as it pertains to this technical charting pattern.00:05:26Here’s […]
Five Takeaways From The “Superbowl Of Retail Real Estate”

Five Takeaways From The “Superbowl Of Retail Real Estate”

Image Source: UnsplashI’ve been in Las Vegas this week for the “Super Bowl of retail real estate.” That would be the annual International Council of Shopping Centers (ICSC). Cue the lights. The glitz. The swelling theme music.Brad at ICSC Source: Wide Moat ResearchIn all seriousness, the ICSC is a window into the larger investing world. After […]
OKX to end trading services in Hong Kong, abandons VASP license bid

OKX to end trading services in Hong Kong, abandons VASP license bid

Global crypto exchange OKX announced today the withdrawal of its Virtual Asset Service Provider (VASP) license application in Hong Kong. The company will discontinue centralized trading services for Hong Kong residents by May 31, 2024, in compliance with regulatory demands.OKX said in a recent announcement that customers’ funds are secure and that withdrawal services will […]
US Stock Futures Steady After Dow’s Worst Session In Over A Year Amid Rising Interest Rate Concerns

US Stock Futures Steady After Dow’s Worst Session In Over A Year Amid Rising Interest Rate Concerns

US stock futures held steady on Friday following a turbulent session on Thursday that saw significant losses across major indices. The Dow Jones Industrial Average experienced its worst day since March 2023, plummeting 1.53%. The S&P 500 and Nasdaq Composite also fell, losing 0.74% and 0.39% respectively. The sell-off was driven by hotter-than-expected PMI data, […]
Real Disposable Personal Income Per Capita Is Also Hoisting A Yellow Caution Flag

Real Disposable Personal Income Per Capita Is Also Hoisting A Yellow Caution Flag

To reiterate my Big Picture theme for this year, now that the supply chain tailwind has ended, will the effects of the 2022-23 Fed rate hikes drag the economy down towards recession at last, or will there be a “soft landing” (or no landing at all) instead, because interest rates have not increased in the […]
Economics 101: Government Tinkering With Prices Is Like Hiding All Of The Street Signs 
                    
The Impact of Government Price Manipulation

Economics 101: Government Tinkering With Prices Is Like Hiding All Of The Street Signs The Impact of Government Price Manipulation

By Mike Maharrey, Money Metals ExchangeGovernments constantly tinker with prices. Government people claim it’s in our best interest, but price manipulation creates all kinds of unseen negative consequences.Sometimes governments set price ceilings, mandating that the cost of something can’t rise above a certain level. One example we see often is price gouging laws. In extreme […]
US Economics Continue To Flounder – The Corn & Ethanol Report

US Economics Continue To Flounder – The Corn & Ethanol Report

We kickoff the day with Durable Goods Orders MoM, Durable Goods Orders Ex Transportation MoM, Durable Goods Orders Ex Transportation MoM, Durable Goods Orders ex Defense MoM, and Non Defense Goods Orders Ex Air at 7:30 A.M., Fed Waller Speech at 8:35 A.M. Michigan Consumer Sentiment Final, Michigan 5-Year Inflation Expectations Final, Michigan Consumer Expectations […]
UK Market Commentary – Friday, May 24

UK Market Commentary – Friday, May 24

FTSE Reverses From Red To Green Into Holiday WeekendOn Friday, London stocks initially declined, following the trend of losses in Asian markets due to strong U.S. economic data, which raised concerns about prolonged high interest rates. The FTSE 100 index dropped by 0.4% before reversing higher to trade up 0.42% into the close. The mid-cap […]
Potential ECB Cut And UK CPI Data Can Cause Drop On EURGBP Out Of An Elliott Wave Triangle

Potential ECB Cut And UK CPI Data Can Cause Drop On EURGBP Out Of An Elliott Wave Triangle

A few weeks ago, we discussed the potential bearish running triangle formation in the EUR/GBP pair characterized by an ABCDE pattern within contracting trend lines. Notably, as prices reached wave E, they approached the upper range limit, peaking around 0.8644, exactly at the upper side of a range.Recent movements show the pound gaining against the euro, […]
ASX Stock Analysis & Elliott Wave Technical Forecast – Friday, May 24

ASX Stock Analysis & Elliott Wave Technical Forecast – Friday, May 24

ASX: ASX LIMITED – ASX Elliott Elliott Wave Technical Analysis TradingLounge (1D Chart)Greetings, Our Elliott Wave analysis today updates the Australian Stock Exchange (ASX) with ASX LIMITED – ASX. We’ve identified that wave 2-re has recently bottomed out, and wave 3-red is now unfolding to push significantly higher.ASX: ASX LIMITED – ASX Elliott Wave Technical Analysis  ASX: ASX LIMITED – […]