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Retail Sales Were Very Weak In May Counting Negative Revisions

Retail Sales Were Very Weak In May Counting Negative Revisions

Nominal and Real (inflation adjusted by the CPI) retail sales chart by Mish.The Bloomberg Econoday consensus expected retail sales would advance by 0.3 percent in May.Instead, the Commerce Department reported 0.1 percent and downgraded April by 0.2 percentage points to -0.2 percent.Advance Retail Sales Key Points Advance Estimates of U.S. Retail and Food Services Advance […]
Tropical Depressions In Gulf & Southwestern Atlantic. The Corn & Ethanol Report

Tropical Depressions In Gulf & Southwestern Atlantic. The Corn & Ethanol Report

We kicked off the day with Retail Sales MoM & YoY, Retail Sales Ex Autos MoM, and Retail Sales Ex gas/Autos MoM at 7:30 A.M., Redbook YoY at 7:55 A.M., Industrial Production MoM & YoY, Manufacturing Production MoM & YoY, and Capacity Utilization MoM & YoY at 8:15 A.M., Business Inventories MoM, Fed Barkin Speech, […]
Weak Rare Earths, Weak Mining Stocks, Strong Opportunity

Weak Rare Earths, Weak Mining Stocks, Strong Opportunity

It will be a quick update today, as the situation is almost identical to what it was in the previous days.In other words, the situation is developing in line with what I wrote previously.Quoting my analysis from yesterday: Gold moved higher, as it’s still consolidating below its 50-day moving average, preparing for another big move […]
S&P 500, Nasdaq Lurking Below Record Highs

S&P 500, Nasdaq Lurking Below Record Highs

Stocks are scattered this afternoon, as investors digest a weaker-than-expected retail sales reading from May. The Dow Jones Industrial Average (DJI) and Nasdaq Composite Index (IXIC) are both in the red, the former giving up a triple-digit lead in the morning and the latter in danger of snapping its six-day win streak. The S&P 500 Index (SPX) […]
Chart Of The Day: Motorola Solutions -Two Way Communications

Chart Of The Day: Motorola Solutions -Two Way Communications

The Chart of the Day belongs to the communication equipment company Motorola Solutions (MSI) . I found the stock by using Barchart’s powerful screening functions to find stocks with the highest technical buy signals, highest Weighted Alpha, superior current momentum and having a Trend Seeker buy signal then used the Flipchart feature to review the charts for consistent […]
Does Bad Breadth Lead To Weak Returns?

Does Bad Breadth Lead To Weak Returns?

Over the last four weeks (20 trading days), there have been seven days in which the S&P 500 has closed higher on the day, yet there were more stocks in the index that closed lower rather than higher. As shown below, since 1990, there have only been four other four-week stretches where we saw similarly […]
Cooling US Consumer Spending Points To Weakening Inflation Threat

Cooling US Consumer Spending Points To Weakening Inflation Threat

Image Source: Unsplash  US retail sales were softer than hoped in May and with April revised to show a contraction we are seeing more evidence of a cooling consumer spending story. With inflation pressures seemingly moderating and unemployment ticking higher a September Fed rate cut will be on the table for discussion.  Softer spending growth highlights intensifying consumer pressuresUS […]
Elliott Wave Technical Analysis: Natural Gas – Tuesday, June 18

Elliott Wave Technical Analysis: Natural Gas – Tuesday, June 18

Photo by American Public Power Association on Unsplash   Natural Gas Mode – Larger degree bullish correction Structure – Impulse wave C (circled) of Flat Position – Wave (4) Direction – Wave (4) is still in play Details:  It appears the price is now correcting lower in wave (4). Alternatively, this could be 2nd wave of an extended wave 5 of […]
21Shares appoints new VP key to BlackRock’s crypto ETF approval

21Shares appoints new VP key to BlackRock’s crypto ETF approval

21Shares US LLC today announced Federico Brokate as the new VP, Head of US Business. According to Bloomberg ETF analyst Eric Balchunas, Brokate was instrumental in bringing BlackRock’s crypto ETFs IBIT and ETHA to market. “Big-time hire by 21Shares, byproduct of their recent growth,” added Balchunas.According to the announcement, Brokate’s appointment aligns with 21Shares’ US […]
How to earn Bitcoin smartly?

How to earn Bitcoin smartly?

Bitcoin is one of the world’s most popular cryptocurrencies. Millions of people around the world want to ride the wave of profits that investing in Bitcoin can bring. Moreover, there are many ways to get it and earn it profitably, whether through mining, trading, or other methods. In this article, we’ll discuss a few strategies […]