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Nasdaq 100 & S&P 500 Elliott Wave Update – Tuesday, June 4

Nasdaq 100 & S&P 500 Elliott Wave Update – Tuesday, June 4

Image Source: PixabayBoth the NQ and ES traded more or less in a box range not exceeding yesterday’s highs or lows. That pattern may last a bit longer as I focus on the day-to-day range which will be more geared towards “day trading and swing trading”. I lay out expectations and support levels in both markets. […]
These 3 Interesting Stocks Are Seeing Heavy Short Interest In June 2024

These 3 Interesting Stocks Are Seeing Heavy Short Interest In June 2024

Image courtesy of 123rf.com Following the GameStop (NYSE: GME) short squeeze extravaganza over the last month, traders are looking into similar candidates for stock volatility. Conditions creating these events are now more pressing. At the end of May, the Energy Information Administration (EIA) reported the lowest seasonal demand level for diesel since 1998.Given diesel’s prolific usage in trucks and […]
Oil Short Working On Structural Demand Weakness

Oil Short Working On Structural Demand Weakness

Image Source: Unsplash In this short clip from Live Trading Room (06.04.24), Samantha LaDuc discusses the current trends in oil and gasoline markets, highlighting structural demand challenges and the bearish sentiment among traders. She references various analysts’ views and charts that suggest a cautious approach to oil investments, particularly focusing on short-term trading setups and the […]
Stocks Finish Mostly Lower Following Weaker Than Expected JOLTS Report

Stocks Finish Mostly Lower Following Weaker Than Expected JOLTS Report

It is becoming increasingly clear that someone is offside; it’s just a matter of who. I know talking about credit spreads and implied correlations, and the Mexican peso is not en vogue or as hot as Nvidia. But we are here to do the work that nobody is talking about and not state the obvious.In […]
Stocks Are Hanging Near Highs, But Bonds Are Flashing Warning Signs

Stocks Are Hanging Near Highs, But Bonds Are Flashing Warning Signs

Image Source: Unsplash The tape is still mixed. Tech-sector stocks and cryptocurrency look good – I like it – and they could well lead stocks to new all-time highs in the weeks ahead.Utility stocks seem to have snuffed out any strength in bonds, and if rates keep falling, we could see a boost in the two […]
Dreams Really Do Come True – Swiss Franc

Dreams Really Do Come True – Swiss Franc

On March 26, 2024, I wrote a Daily called, “Last Night I Had a Crazy Dream – Swiss Franc”In the blog, I mentioned that, “I literally woke up to the words “Swiss francs.” So here I was at 4 am, checking the charts of Swiss Francs, both in the futures market and then with the […]
Stocks And Precious Metals Charts – Unchanged

Stocks And Precious Metals Charts – Unchanged

Stock did the usual thing today, falling in the morning and then coming back to unchanged and even a little green.VIX rose and then fell back, again.The Dollar chopped sideways.Gold and silver were slammed ahead of the Non-Farm Payrolls report.Perhaps the report will not be so negative, so the wise guys are doing their usual […]
Market Talk – Tuesday, June 4

Market Talk – Tuesday, June 4

ASIA:The major Asian stock markets had a mixed day today: NIKKEI 225 decreased 85.57 points or -0.22% to 38,837.46 Shanghai increased 12.71 points or 0.41% to 3,091.20 Hang Seng increased 41.07 points or 0.22% to 18,444.11 ASX 200 decreased 23.90 points or -0.31% to 7,737.10 Kospi decreased 20.42 points or -0.76% to 2,662.10 SENSEX decreased […]
Too Much Fed And Fiscal Distortion Will Cause A True Bear Market

Too Much Fed And Fiscal Distortion Will Cause A True Bear Market

Image Source: Pexels As we enter the midpoint of 2024, confidence in the economy and the financial markets is a lot higher than it was at this time a year ago.Stock in particular, have had a phenomenal run over the past 7 months.So it’s little surprise that the bulls expect the party to continue on through […]
5 Top-Ranked Sector ETFs To Buy In June

5 Top-Ranked Sector ETFs To Buy In June

Image Source: Pixabay Wall Street has been on a remarkable rally so far this year, with all three major indices near record highs. Solid corporate earnings, Fed rate cut bets and booming AI have been driving the rally.Earnings grew 6% in the first quarter of 2024, the highest growth rate seen in nearly two years. The […]