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Elliott Wave Technical Analysis: TASI Index – Wednesday, June 12

Elliott Wave Technical Analysis: TASI Index – Wednesday, June 12

Image Source: Unsplash  TASI Index Elliott Wave Analysis Trading Lounge Day Chart,TASI Index Elliott Wave Technical AnalysisFUNCTION: TrendMODE: impulsiveSTRUCTURE:orange wave 3POSITION: navy blue wave 3DIRECTION NEXT HIGHER DEGREES: orange wave 3(started)DETAILS: orange wave 2 looking completed between fib level 50 to 61.80.Now orange wave 3 of 3 is in play.Wave Cancel invalid level: 10223.275The TASI Index Elliott Wave analysis […]
Did Europe Just Cut Rates To Rig The Election (Is The Fed Next?)

Did Europe Just Cut Rates To Rig The Election (Is The Fed Next?)

Image Source: Pixabay Last week’s ECB rate cut was…odd. Sure, officials had said for months they were going to do it. Yet, the conditions that would have to be met were not. Policymakers went ahead anyway and this past weekend’s developments are a big Big Picture reason why.Video Length: 00:18:37More By This Author:This Only Happens When […]
Nvidia Corp – World Class Benchmarking

Nvidia Corp – World Class Benchmarking

Company: Nvidia CorporationBloomberg ticker: NVDA USMarket cap: US$2,801,776mBackground: Nvidia Corporation is an American multinational corporation and technology company headquartered in Santa Clara, California, and incorporated in Delaware. It is a software and fabless company which designs and supplies graphics processing units (GPUs), application programming interfaces (APIs) for data science and high-performance computing as well as system on a chip […]
2024 Will Have The Most Multi-Family Housing Completions In History

2024 Will Have The Most Multi-Family Housing Completions In History

Will Multi-Family Construction End With a Whimper or a Bang?ApartmentList economist Chris Salviati discusses the last wave of the Multi-Family Construction Boom and its Impacts. Following a period of record-setting rent growth, the national median rent has since dipped slightly from its late 2022 peak. One of the key factors in this rapid cooldown has been a […]
This 2-Leg Pullback Could Make Huge Profits On CPI

This 2-Leg Pullback Could Make Huge Profits On CPI

Image Source: Pixabay Markets made a big move higher ahead of big CPI news tomorrow…Put those 2 clues together – big move, ahead of big news and it’s easy to see why this 2-leg pullback is my favorite trade for Wednesday!Anytime I see a big move ahead of big news, there are (2) trades I always […]
Is The S&P 500 Ready For A Breakout?

Is The S&P 500 Ready For A Breakout?

Image Source: Unsplash Watch the free-preview video below extracted from the WLGC session before the market opens on 11 Jun 2024 to find out the following: How to interpret the “bullishness” based on the pullback and the volume reacting to the resistance level. Why is the recent volume and price action considered bullish for the S&P 500. How can […]
Beneath The Surface Most Stocks Are Struggling

Beneath The Surface Most Stocks Are Struggling

Tuesday was another typical day:QQQ: +0.69%S&P: +0.27%S&P Equal Weight (RSP): -0.41%Small Caps (IWM): -0.34%While the bulls won the day at the index level, beneath the surface most stocks are going down. On the NYSE and Nasdaq, 2,997 stocks advanced while 4,010 declined.What am I getting at? The Magnificent 7 – due their enormous size – […]
Nasdaq And S&P At New Highs

Nasdaq And S&P At New Highs

It was a good day for indices as both the Nasdaq and S&P managed to finish at new highs. Gains in the Nasdaq were enough to reverse the ‘sell’ trigger in On-Balance-Volume, returning the index to a net bullish technical picture. The S&P also managed a new high, but it did so on a lower […]
Gold Tactics For CPI And FOMC Surprise

Gold Tactics For CPI And FOMC Surprise

Image Source: Pixabay Most gold bugs agree that owning gold feels fantastic… on days when the price is up. Recent key reports and events have brought increased volatility to the market, and this has surprised a lot of investors.The Chinese PBOC failed to buy any gold in May. While they typically only buy 15-20 tons each month, […]
What Seasonal Clues Do We See Ahead Of The US CPI Print?

What Seasonal Clues Do We See Ahead Of The US CPI Print?

Image Source: Pexels On Wednesday the US CPI data is released. The EURUSD has been weighed down this week on the strong NFP print from Friday, with the headline jobs number coming in above the 12-month average, and the weekend results from the European Parliamentary elections. Furthermore, the seasonals point to more EURUSD selling out of […]