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Weekly Technical Update: Nasdaq 100 – Sunday, June 16

Weekly Technical Update: Nasdaq 100 – Sunday, June 16

Image Source: PexelsIn this video, I recap the market action of the past week. The Nasdaq 100 continued to power higher as the market digested the week’s many activities.00:31:42More By This Author:Weekly Technical Update: S&P 500 – Sunday, June 16Nasdaq 100 & S&P 500 Elliott Wave Daily UpdateS&P 500 & Nasdaq 100 Elliott Wave Daily Update – […]
Tech: Yes, The Best Players Are Scoring A Lot Of Points – And That’s Normal

Tech: Yes, The Best Players Are Scoring A Lot Of Points – And That’s Normal

Image Source: PixabayIt’s not a bad thing for America, Americans, or the American stock market that the largest companies in the country are going up in price. The best players are scoring a lot of points. That’s perfectly normal. In fact, if you go back and study every bull market over the past 100 years, you’ll […]
Head-And-Shoulders In Verisign

Head-And-Shoulders In Verisign

Image Source: PexelsVerisign is sporting a well-formed head and shoulders reversal pattern. Sadly, the options on the stock stink.More By This Author:Lyft Hasn’t LiftedBack Into GENvidia Innovation On Monday
Weekly Forex Forecast – Sunday, June 16

Weekly Forex Forecast – Sunday, June 16

Image Source: Pixabay Fundamental Analysis & Market Sentiment I previously wrote on June 2 that the best trade opportunities for the week were likely to be: Long of the Nasdaq 100 Index following a daily close above 18898. This produced a loss of 0.26%. Long of Silver following a bullish bounce rejecting $29.85. This did not set up. Long of the CHF/JPY currency cross following […]
Weekly Update – Sunday, June 16

Weekly Update – Sunday, June 16

Image Source: UnsplashToday, I want to get right down to the technical analysis with some actionable plans. It should not come as a surprise to see the indices diverge even further than where they have been over the last two months. Retail (XRT) has been clinging to support at the pivotal 74.75 level. That means that this week, XRT must hold […]
3 Energy Stocks To Gain From Seismic Imaging Technologies

3 Energy Stocks To Gain From Seismic Imaging Technologies

Image: BigstockOil and gas companies are increasingly directing investments toward new technologies in seismic imaging, drilling techniques, and reservoir management to tackle pivotal challenges and seize strategic opportunities within the industry. Investing in Seismic Imaging Technologies Enhanced seismic imaging capabilities facilitate more accurate subsurface mapping, thereby lowering exploration risks and refining resource evaluations. Innovations in […]
H2 2024 Outlook: What Our Data And Market Action Say About The Rest Of The Year

H2 2024 Outlook: What Our Data And Market Action Say About The Rest Of The Year

Image Source: UnsplashAt the start of the year, history reminded investors that good years tend to follow great years. In addition, every election year since WWII that started with a January gain posted a positive full-year return averaging 15.6%. These axioms have held true so far and imply a positive second half, advises Sam Stovall, chief investment […]
Lyft Hasn’t Lifted

Lyft Hasn’t Lifted

Image Source: PixabayIt seems Lyft has done anything but lift up shares. Wow, did that bullish formation flop.More By This Author:Back Into GENvidia Innovation On Monday Gold: Holding Out For 2100
Pairs In Focus – Sunday, June 16

Pairs In Focus – Sunday, June 16

Image Source: Unsplash Bitcoin Bitcoin plunged during the trading week to break down below the $67,000 level. It is because of this that I believe Bitcoin is going to drop from here, perhaps reaching down to the $60,000 level. The $60,000 level is a large, round, psychologically significant figure, and an area where it has bounced from before.The $60,000 […]
Looking At Yields Again

Looking At Yields Again

Image Source: PixabayBetween the cooler inflation numbers and the FOMC meeting this week, yields on bonds have come down in a rather large way. As you may know, the 10-year yield is the long-term benchmark and the most heavily traded. Let’s take a look at the 10-year while using two different time frames.Below are treasury yields over […]