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A Bet Against Abercrombie & Fitch

A Bet Against Abercrombie & Fitch

Image Source: UnsplashI’ve long had a sneering distaste for Abercrombie & Fitch (ANF), and on Monday I bought some November puts. So far, so good!More By This Author:Why I Bought October $270 Puts On Salesforce Nvidia’s Midline Silver’s Time to Shine
International Trade Sagging On De-Globalization, Reshoring

International Trade Sagging On De-Globalization, Reshoring

Trade and production – DR. BILL CONERLY USING DATA FROM CPB NETHERLANDS BUREAU FOR ECONOMIC POLICY ANALYSISInternational trade around the world has sagged despite moderate economic growth. Reshoring and de-globalization, two related concepts with slightly different emphases, seem to be responsible.The global economy continues to expand, with forecasts for 2024 and 2025 just a hair […]
WTI Consolidates In A Narrow Band Near Weekly Top, Holds Above Mid-$81.00s

WTI Consolidates In A Narrow Band Near Weekly Top, Holds Above Mid-$81.00s

Image Source: Pixabay WTI lacks bullish conviction and is influenced by a combination of factors. A modest USD recovery and China’s economic woes act as a headwind. The mixed setup warrants some caution before placing directional bets. West Texas Intermediate (WTI) US crude Oil prices build on the previous day’s solid rebound from the 50-day Simple […]
Starbucks, Mercedes-Benz To Launch EV Charging Network At Starbucks Stores Across U.S.

Starbucks, Mercedes-Benz To Launch EV Charging Network At Starbucks Stores Across U.S.

Image Source: UnsplashStarbucks and Mercedes-Benz announced today the launch of a new strategic collaboration aimed at installing high-power electric vehicle chargers at 100 Starbucks stores across the U.S.Under the first phase of the program, high-power EV chargers will be installed at Starbucks locations on a 1,400-mile route along Interstate 5 from Washington to California, including in […]
China’s State-Controlled Rare Earth Companies Stung By Declining Prices

China’s State-Controlled Rare Earth Companies Stung By Declining Prices

Image Source: PixabayRare earth mineral companies in China have been stung by declining prices at the same time the government “tightens its grip” on the industry, according to Nikkei Asia.Companies like Rising Nonferrous Metals, a rare-earth miner listed in Shanghai, are losing money this year, a stark contrast to last year’s profitability. The company is blaming “drastic slide in sales […]
Elliott Wave Intraday: Rally In Bitcoin Looking Impulsive

Elliott Wave Intraday: Rally In Bitcoin Looking Impulsive

Image Source: PexelsRally from 7.5.2024 low in Bitcoin (BTCUSD) looks impulsive suggesting further upside. Pullback to 53570 ended wave ((4)) and Bitcoin has turned higher in wave ((5)). The crypto currency still needs to break the previous all-time high on 3.14.2024 high at 73794 to rule out any double correction. Up from wave ((4)), wave ((i)) ended at […]
Big Rotation Continues; DFS Beats Big In Q2, United Mixed

Big Rotation Continues; DFS Beats Big In Q2, United Mixed

Image Source: UnsplashThis week’s major rotation continues. One of the major indices that had fallen behind so far in 2024 is catching a bid, at the expense of those that had been racing ahead. The Dow gained another +243 points today, +0.59%, and notched another all-time closing high. Contrast this with the Nasdaq dropping -512 points […]
Elliott Wave Technical Analysis: Neo Crypto Price News For Thursday, July 18

Elliott Wave Technical Analysis: Neo Crypto Price News For Thursday, July 18

Image Source: PexelsElliott Wave Analysis TradingLounge Daily ChartNEO / U.S. dollar(NEOUSD)NEOUSD Elliott Wave Technical AnalysisFunction: Counter TrendMode: CorrectiveStructure: Double CorrectivePosition: Wave YDirection Next higher Degrees: Wave (II) of ImpulseWave Cancel invalid Level: 9.85Details: Wave (II) is likely to have ended and prices are resuming the uptrend.NEO / U.S. dollar(NEOUSD)Trading Strategy: Overall, NEOUSD Wave (II) is likely to end at the […]
Why I Bought October $270 Puts On Salesforce

Why I Bought October $270 Puts On Salesforce

Image Source: PixabayYesterday I bought October $270 puts on Salesforce (CRM) based on what I believe is a potent topping pattern.More By This Author:Nvidia’s Midline Silver’s Time to ShineLocal Fare
This Slingshot Reversal Could Make Us A Fortune – Wednesday, July 17

This Slingshot Reversal Could Make Us A Fortune – Wednesday, July 17

Image Source: Pexels What a bloodbath today, wow!  Markets made a big move down into a range today…I know things seem scary right now, but situations like these tell us this Slingshot Reversal could be a HUGE payday!The 21ema is the key to finding winning trades tomorrow…Look for “separation” on the pullback, here’s what to look […]