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SEC engages with Ethereum ETF issuers on S-1 forms

SEC engages with Ethereum ETF issuers on S-1 forms

Fox Business journalist Eleanor Terrett said on Thursday that the US Securities and Exchange Commission (SEC) started talks with Ethereum exchange-traded fund (ETF) issuers regarding their S-1 registration forms. She cited sources who said there is still “work to do” on those forms.This could be seen as a positive development, but it suggests there might […]
A Digital Economy – Blockchain And Investing

A Digital Economy – Blockchain And Investing

Image Source: PexelsFollowing up with the more fun notion of dogecoin as written about yesterday, today we look at blockchain.If you’re like me, you need to increase your understanding of why blockchain technology is a game changer in our evolving digital world.We all know that blockchain is most famously associated with cryptocurrencies, enabling secure and decentralized […]
3 Top-Ranked Large Caps To Buy For Growth

3 Top-Ranked Large Caps To Buy For Growth

Large-cap stocks are frequently targeted among investors. They typically have greater stability and a proven track record, two reasons why they’re beloved.They also frequently pay dividends, providing another advantage for those seeking exposure. Large caps typically aren’t as explosive as small-cap stocks, being tailored toward more conservative investors.Still, many large-caps carry favorable growth expectations, including […]
Gold Price Extends The Downside On Fed’s Hawkish Stance

Gold Price Extends The Downside On Fed’s Hawkish Stance

Image Source: Pixabay Gold price trades with a negative bias on Thursday.  The hawkish stance of the FOMC minutes from last month’s meeting might cap the precious metal’s upside.  Investors will focus on the first reading of US PMI data for May, due on Thursday.   Gold price (XAU/USD) attracts some sellers on Wednesday. The further upside of the yellow metal might […]
Australian Dollar Breaks Key Support Against US Dollar

Australian Dollar Breaks Key Support Against US Dollar

Image Source: UnsplashThe AUDUSD currency pair’s pullback from the 0.6713 high has extended to as low as 0.6607, breaking below the support of the rising price channel visible on the 4-hour chart. This technical breakdown suggests that the recent upside move from 0.6361 has likely been completed at 0.6713. Further Downside Risks Emerge  Following the break […]
Where Is Earnings Growth Coming From?

Where Is Earnings Growth Coming From?

Image Source: Pixabay What we saw in the Q1 earnings season was a resilient and steadily improving profitability picture, both in terms of the growth rate and the evolving revisions trend. Positive revenue surprises were a bit less commonplace relative to other recent periods, but margins expanded at a better-than-expected rate. Total earnings for the 474 […]
Elliott Wave Analysis On Oil Looks For Short Term Weakness

Elliott Wave Analysis On Oil Looks For Short Term Weakness

Photo by Timothy Newman on UnsplashShort Term Elliott Wave in Light Crude Oil (CL) suggests the decline from 4.12.2024 high is in progress as a 5 waves impulse. Down from 4.12.2024 high, wave 1 ended at 81.56 and wave 2 rally ended at 86.28. Wave 3 lower ended at 76.89. The 1 hour chart below shows the starting point […]
Elliott Wave Technical Analysis: Ethereum Crypto Price News For Thursday, May 23

Elliott Wave Technical Analysis: Ethereum Crypto Price News For Thursday, May 23

Image Source: PixabayElliott Wave Analysis TradingLounge Daily ChartEthereum/ U.S. dollar(ETHUSD)ETHUSD Elliott Wave Technical Analysis Function: Follow TrendMode: MotiveStructure: ImpulsePosition: Wave 5Direction Next higher Degrees: wave 5 of Wave (3)Wave Cancel invalid level: Details: Wave (5) trend move to Test 4692.28Ethereum/ U.S. dollar(ETHUSD)Trading Strategy: It looks like the wave 4 correction has ended, and the treasury price rose in wave 5. […]
This Nvidia Spike Strategy Could Make Our Entire Week

This Nvidia Spike Strategy Could Make Our Entire Week

Image Source: Unsplash Woah, what a mess this afternoon!  NVDA finally reported earnings and markets went wild!But once the dust settled, it was easy to see why this *SPIKE STRATEGY* could be our biggest winner of the week!Charts are messy this evening, but look closely and you’ll see 3 important clues…The first 2 clues are important, […]
Nvidia Puts Up Great Q1 Numbers, +100% YTD

Nvidia Puts Up Great Q1 Numbers, +100% YTD

Image Source: PixabayMarkets closed in negative territory across the board today. After a rather uneventful morning that saw major indices tread water at the breakeven point with yesterday’s close, the FOMC minutes from the April 30-May 1 meeting were released at 1:30pm ET this afternoon. An hour later, the indices were at session lows. We’ve crept […]