June 2024 - Page 39 of 240 -

Asia Morning Bites For Wednesday, June 26

Jun 25, 2024 Jeremy Parkinson Finance, No picture 0

Image Source: Unsplash Global Macro and Markets Global Markets: It was another quiet day in the US Treasury market. Both 2s and 10s yields rose a couple of basis points. A few Fed speakers yesterday all stuck to the notion that the Fed would be cautious regarding any rate cuts this year. The 10Y yield now […]

Nasdaq 100 & S&P 500 Elliott Wave Update – Turesday, June 25

Jun 25, 2024 Jeremy Parkinson Finance, No picture 0

Image Source: UnsplashNot much to be added to the current analysis — the markets are switching it up somewhat — with the DJI and the RTY being lower on the day while the NQ and ES rose. Window dressing continues and is likely to continue into Friday’s Quarterly expiration. I’ve adjusted the labeling, which remains fluid […]

Historical Comparisons For Gold Right Now

Jun 25, 2024 Jeremy Parkinson Finance 0

Image Source: PixabayGold has made six major breakouts since the end of the Gold Standard in 1971. Only two of the breakouts retested the breakout. Those two were the two previous breakouts to new all-time highs: 1978 and 2009. Precious Metals are weakening ahead of the end of the month and quarter. The odds of a retest of […]

EUR/USD Treads Water In Familiar Chart Territory Ahead Of Thin Wednesday

Jun 25, 2024 Jeremy Parkinson Finance 0

Image Source: Pixabay EUR/USD churns near 1.0720 as market flows buckle down for the wait to key data. Wednesday has a limited data docket on the offer. Investors look ahead to Friday’s packed data docket. EUR/USD traded within familiar levels on Wednesday, keeping the Fiber trapped in near-term consolidation just north of 1.0700 as Euro traders […]

Most Stocks Fall, Despite S&P 500 Gains

Jun 25, 2024 Jeremy Parkinson Finance, No picture 0

Image Source: UnsplashIt was a lopsided trading session. Today, there were only 113 advancers versus 386 decliners. It’s a strange market, and I’m not really sure what to make of it. I’m not really sure there is much to take away from it because it continues to be a case of two markets: the indexes with […]

Silver Price Analysis: XAG/USD Collapses Below 50-DMA As Surrenders $29.00

Jun 25, 2024 Jeremy Parkinson Finance 0

Image Source: Pixabay Silver drops to $28.90, under 50-day MA, after Fed’s Bowman’s hawkish remarks. Bearish pattern evident, with RSI suggesting further downside. Support levels: $28.74 (May 18 high), $28.28 (June 10 high), $28.00, $26.82 (100-DMA). Resistance points: $29.16 (50-DMA), $31.54 (June 7 high), $32.00, $32.51 (YTD high). Silver price collapsed on Tuesday amid a strong US […]

WTI Holds Losses After API Reports Large Surprise Gasoline Inventrory Build

Jun 25, 2024 Jeremy Parkinson Finance, No picture 0

↵Image Source: Unsplash Crude prices slipped back lower today from two-month highs, testing back into the range of the last couple of days after rallying hard on increasing geopolitical tensions.A series of drone attacks last week on Russian oil infrastructure by Ukraine, combined with escalating tensions between Iran-backed Hezbollah and Israel have buoyed crude prices, Claudio […]

Tech Stocks Bounce Ahead Of Nvidia’s Shareholder Meeting

Jun 25, 2024 Jeremy Parkinson Finance, No picture 0

Image Source: UnsplashThe S&P 500 and Nasdaq ended a three-day losing streak on Tuesday, buoyed by a 7% rebound in Nvidia (NVDA) shares after a $430 billion selloff. Equities extended their June gains, with the giant chipmaker leading the charge among the “Magnificent Seven” mega-cap stocks. Nvidia’s recovery follows a three-day decline that had pushed the […]

Stocks And Precious Metals Charts – Endless Wash And Rinse

Jun 25, 2024 Jeremy Parkinson Finance 0

It was a risk on day in stocks. No particular reason. Just another wave in the endless wash and rinse.The Dollar chopped up a little higher.VIX fell.Gold and silver were hammered back, most likely in observance of the future options expiration today on the Comex. I have been including the schedules with the charts.Take it for […]

Tech Is Consolidating And The Market’s Seeking New Leadership

Jun 25, 2024 Jeremy Parkinson Finance, No picture 0

Image Source: Unsplash The tape tells the tale, just like it always does: The tech sector is clearly in consolidation mode right now.Don’t get me wrong – I still like the price action I’m seeing there in the sector as tracked by, for instance, XLK, the Technology Select Sector SPDR ETF. But this means the market […]