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Global Markets Diverge For Now

Global Markets Diverge For Now

Image Source: UnsplashIt was a quiet session, with the S&P 500 rising by just nine bps ahead of the PCE report. Based on estimates, the PCE isn’t expected to be much of an event, and I have nothing to say. Even the VIX 1-Day hardly moved, rising to just 10.8, which tells you the market isn’t […]
Nasdaq 100 & S&P 500 Elliott Wave Update – Thursday, June 27

Nasdaq 100 & S&P 500 Elliott Wave Update – Thursday, June 27

Image Source: UnsplashAnother day of consolidation and position squaring ahead of tomorrow’s quadruple expiration (end of 2nd quarter). I have made some labeling changes that clean up the lower degrees without changing upside nor downside targets that remain valid as we head into tomorrow’s expiration. Ultimately, I am still looking for new ATH’s before the completion […]
Silver Price Analysis: XAG/USD Rebounds As Bulls Target $29.00

Silver Price Analysis: XAG/USD Rebounds As Bulls Target $29.00

Image Source: Pixabay Silver stages a comeback, trading at $29.00 with gains of 0.83% after yesterday’s 0.46% loss. RSI shows bearish momentum, indicating possible extended losses. Support levels: $28.28 (June 10 high), $28.00, $27.01 (May 8 low), $26.82 (100-DMA). Resistance points: $29.00, $29.17 (50-DMA), $31.54 (June 7 high), $32.00, $32.51 (YTD high). Silver price stages a comeback […]
Stocks And Precious Metals Charts – Live Tonight From The Shining City On The Hill

Stocks And Precious Metals Charts – Live Tonight From The Shining City On The Hill

Stocks were wobbly ahead of the big show tonight. VIX fell of course.The Dollar is still riding high.Gold rebounded sharply after its recent smackdown in observance of the futures option expiration on the Comex.What a surprise.Silver lagged but also rebounded. It’s a little more sensitive to non-monetary factors.PCE inflation data coming out tomorrow.PCE is the Fed’s […]
GBP/JPY Extends Into Further Multi-Year Highs On Thursday

GBP/JPY Extends Into Further Multi-Year Highs On Thursday

Image Source: Pixabay GBP/JPY touches fresh 16-year highs as Yen continues to backslide. Japanese Retail Trade ticked higher, Tokyo CPI inflation next on the docket. UK GDP revision slated for Friday, little change expected. GBP/JPY tapped a fresh 16-year high of 203.39 on Thursday as the Yen continues to get pushed lower across the board. An […]
Crypto market faces $860M token unlocks in July

Crypto market faces $860M token unlocks in July

Around 40 crypto projects are set for token unlocks next month, with a combined value of roughly $860 million hitting the market. According to data from Token Unlocks, Xai, AltLayer, Arbitrum, and Aptos lead the charge with the largest token releases.Xai is set to release around 198 million XAI tokens on July 9, which represents […]
How To Play The Two Weakest Sectors In The Market Right Now

How To Play The Two Weakest Sectors In The Market Right Now

  ↵Image Source: Unsplash Technology, healthcare, financials, energy – ask any average Joe or Jane on the street to name a sector of the stock market and you’ll probably hear one of these thrown back at you.They get headlines and headspace, plenty of capital, and, yes, they occasionally lead the market – particularly tech and energy – […]
Market Talk – Thursday, June 27

Market Talk – Thursday, June 27

Image Source: Pixabay  ASIA:The major Asian stock markets had mixed day today: NIKKEI 225 decreased 325.53 points or -0.82% to 39,341.54 Shanghai decreased 26.67 points or -0.90% to 2,945.85 Hang Seng decreased 373.46 points or -2.06% to 17,716.47 ASX 200 decreased 23.40 points or -0.30% to 7,759.60 Kospi decreased 7.99 points or -0.29% to 2,784.06 SENSEX […]
Nike Q4 Revenue Disappoints Again

Nike Q4 Revenue Disappoints Again

Nike Inc (NYSE: NKE) is losing in extended hours on Thursday after coming in shy of Street estimates for its fourth financial quarter. Shares of the footwear giant are still down close to 15% versus the start of 2024.  Notable figures in Nike Q4 earnings release Earned $1.5 billion versus the year-ago $1.03 billion Per-share earnings […]
Dow, S&P 500 Eke Out Wins; Nasdaq Nabs Third-Straight

Dow, S&P 500 Eke Out Wins; Nasdaq Nabs Third-Straight

Wall Street closed in muted fashion Thursday, with the Dow and S&P 500 finishing just above breakeven. Despite paring a triple-digit pop from its session highs, the blue-chip index has finished higher in seven of its last eight sessions. Elsewhere, the Nasdaq eked out a win, its third-straight, even as the semiconductor sector struggled. Today’s […]