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Jobless Claims Join Other Data Series Inching In The Direction Of Yellow Caution Territory

Jobless Claims Join Other Data Series Inching In The Direction Of Yellow Caution Territory

Ever since jobless claims started higher in May, I’ve cautioned that I suspected that unresolved seasonality may be at play. We are now at the point where claims were at their low points for all last summer. In other words, last week through next weeks are the acid test for that hypothesis. Last week the […]
Chart Of The Day: StepStone – Diversified Asset Management

Chart Of The Day: StepStone – Diversified Asset Management

Image Source: Pexels  The Chart of the Day belongs to the asset management company StepStone Group (STEP). I found the stock by using Barchart’s powerful screening functions to find stocks with the highest technical buy signals, highest Weighted Alpha, superior current momentum, and having a Trend Seeker buy signal then used the Flipchart feature to review the charts […]
What Can We Expect When The Fed Cuts Rates

What Can We Expect When The Fed Cuts Rates

On Tuesday, we published Fed Rate Cuts – A Signal To Sell Stocks And Buy Bonds? The article presents a historical context for what investors can expect when the Fed cuts rates. Unlike the bullish sentiment prevailing around rate cuts, historical reality has not been so friendly to equity investors.So what can we expect? Given that historical […]
D.R. Horton, Inc. Beats Market Expectations With $10 Billion In Q3 Revenues

D.R. Horton, Inc. Beats Market Expectations With $10 Billion In Q3 Revenues

Image Source: Unsplash  D.R. Horton, Inc. (NYSE: DHI), America’s Builder, reported robust financial results for the third quarter of fiscal 2024. Net income per diluted share increased by 5% to $4.10, up from $3.90 in the same quarter of the previous year. The company’s net income experienced a modest 1% rise, reaching $1.35 billion compared to $1.34 […]
Elliott Wave Technical Analysis: Advanced Micro Devices Inc.

Elliott Wave Technical Analysis: Advanced Micro Devices Inc.

Image Source: Unsplash  AMD Elliott Wave Analysis Trading Lounge Daily Chart,Advanced Micro Devices Inc., (AMD) Daily Chart AMD Elliott Wave Technical AnalysisFUNCTION: CounterTrend MODE: Corrective STRUCTURE: Zigzag POSITION: Minuette wave (iv). DIRECTION: Downside into wave c of (iv).  DETAILS: Looking for downside into wave c to complete the overall correction in wave (iv) as we have been anticipating.AMD Elliott Wave Analysis Trading Lounge 4Hr Chart,Advanced Micro Devices Inc., (AMD) 4Hr Chart AMD Elliott Wave Technical AnalysisFUNCTION: Counter Trend MODE: […]
Brent Oil Price Trends Upward Amid Positive Market Signals

Brent Oil Price Trends Upward Amid Positive Market Signals

Image Source: Pixabay  Brent crude oil has reached $85.40, marking a continued increase over two consecutive sessions. This upward trend is primarily supported by recent US energy inventory statistics, which showed a significant decrease of 4.87 million barrels against an anticipated decline of 0.8 million barrels. This marks the longest stretch of inventory reductions since last […]
Stocks: Is The Rotation Preceding A Downtrend?

Stocks: Is The Rotation Preceding A Downtrend?

Was yesterday’s rout a downward reversal, or just a correction before another leg up?Wednesday’s trading session was bearish, with the S&P 500 index closing 1.39% lower after breaking below the 5,600 level. It was led by declines in the tech sector; however, there was a rotation into ‘old economy’ stocks as the Dow Jones Industrial […]
What To Look For If American Express Earnings Miss

What To Look For If American Express Earnings Miss

Image Source: Unsplash  American Express (AXP) is a global integrated payments company known for its financial services, including credit card issuance, payment processing, and merchant acquiring. American Express is known for attracting high-spending customers, particularly in the travel and lifestyle sectors, offering premium products and services.It’s earnings report is scheduled this week for July 19 and  […]
BlockFi begins interim crypto distributions via Coinbase

BlockFi begins interim crypto distributions via Coinbase

Key Takeaways BlockFi to begin interim crypto distributions through Coinbase in July 2024. Non-US clients excluded from receiving funds due to regulatory restrictions. Bankrupt crypto lender BlockFi has announced it will commence its first interim cryptocurrency distributions through Coinbase within this month. Please keep in mind that client communications will exclusively occur via official email […]
Chips Uncertainty

Chips Uncertainty

Semiconductors and tech sent the S&P 500 sharply down – chips and China in focus, with ASML earnings failing to convince. Russell 2000 and other pockets of strength managed to move sideways as price spikes were rejected here too. Positive housing data and roughly a per latest expectations 20y Treasury auction failed to provide a […]