Archives by Month:

Archives by Year:

Blue Chips, Small Caps Extending Their Breakout

Blue Chips, Small Caps Extending Their Breakout

The Dow Jones Industrial Average (DJIA) is stealing the show today, last seen up 546 points for a new record high and on track for its best single-session gain since January 2023. Once more in lockstep with the blue-chip index is the small-cap Russell 2000 Index (RUT), pacing for a fifth-straight win and trading at […]
The Market Since Thursday: Rotation Or Exhaustion

The Market Since Thursday: Rotation Or Exhaustion

Since Thursday’s weaker-than-expected June CPI Report, the market has undergone quite the transformation. Megacap Tech – The Magnificent 7 – which have accounted for most of this bull market’s gains have taken a breather. On the other hand, the Russell 2000 (IWM) index of small-cap stocks has exploded higher along with the Equal Weight S&P (RSP) on […]
The S&P/ASX Index For “Larger,” More Liquid Small Caps

The S&P/ASX Index For “Larger,” More Liquid Small Caps

What would you get if you carved out the 100 smallest companies in the S&P/ASX 200 into their own index? You’d have the S&P/ASX 200 Ex-S&P/ASX 100 Index. Alternatively, you’d have also segmented the largest 100 companies in the S&P/ASX Small Ordinaries.Companies listed on the ASX are grouped into broad market, large-, mid- and small-cap segments; […]
Indian Gold Demand Expected To Support Extended Gold Rally

Indian Gold Demand Expected To Support Extended Gold Rally

Image Source: Pixabay According to a recent note by ANZ Bank, Indian gold demand could help extend the current gold rally and push the price of gold to $2,500 and beyond.India ranks as the world’s number-two gold market behind China.Gold prices have surged to record highs in both dollar and rupee terms. Indian buyers tend to […]
Tesla Stock Gains On Reports Of AI Hiring Spree By The EV Firm

Tesla Stock Gains On Reports Of AI Hiring Spree By The EV Firm

Image courtesy of 123rf.com Tesla Inc. (Nasdaq: TSLA) shares rose 1.78% to $252.64 in premarket trading Tuesday, as the electric vehicle maker began a new hiring push focused on artificial intelligence and robotics roles. This comes just months after CEO Elon Musk ordered mass layoffs following disappointing first-quarter deliveries. Tesla’s Recent Mass Layoffs in Early 2024 In early 2024, Tesla missed vehicle […]
China Economic Sentiment

China Economic Sentiment

From Torsten Slok/Apollo today, following up on the post yesterday: In his China slide deck, Slok presents a number of graphs depicting the headwinds being exerted by the collapse in the real estate market.One interesting graph — supportive of the “Oceania was at war with Eastasia. Oceania had always been at war with Eastasia.” interpretation of China […]
Elliott Wave Technical Analysis: Silver – Tuesday, July 16

Elliott Wave Technical Analysis: Silver – Tuesday, July 16

Image Source: Pixabay  Silver Elliott Wave Analysis Function -Counter-Trend Mode – Corrective Structure – Expected Impulse or Zigzag for wave C (circled) Position – Wave 1 of (1) Direction – Wave 2 of (1) of C (circled) Details – It appears wave B (circled) has been completed and wave C (circled) is now emerging upside. We are now […]
DEX trading volume rises 15.7% in Q2, CEX activity drops

DEX trading volume rises 15.7% in Q2, CEX activity drops

Key Takeaways DEX trading volume grew 15.7% in Q2 2024, while CEX volume dropped 12.2%. Uniswap maintained 48% DEX market share, while Binance held 45% of CEX market. Decentralized exchanges (DEXs) saw a 15.7% quarter-on-quarter increase in spot trading volume, reaching $370.7 billion in Q2 2024. This growth contrasts with centralized exchanges (CEXs), which experienced […]
Four Stocks To Watch This Week – Tuesday, July 16

Four Stocks To Watch This Week – Tuesday, July 16

Image Source: Pexels  While the DIA delivered an expected uptick, the big surprise last week was the IWM which gapped up heavily on Thursday.And now we have an awkward situation where all four main indices are somewhat overbought while still having upside potential.We prefer optimal Big Money Footprint setups close to the important Key Levels (50 and 200 […]
Gold Bullish Indicator Breaking Out To New Highs

Gold Bullish Indicator Breaking Out To New Highs

Precious metals continue to show strength this year with Gold breaking out to new all-time highs.Could things get even more bullish for Gold?Well, today’s chart highlights a key precious metals ratio that is working on a 13-year breakout.Below is a long-term chart plotting the price ratio of Gold to the US Dollar. As you can […]