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Weekly Technical Update: S&P 500 – Sunday, July 7

Weekly Technical Update: S&P 500 – Sunday, July 7

Image source: PixabaySimilar to the Nasdaq 100, the S&P 500 has continued to trail higher recently. In this comprehensive video, I review the market’s movements over the past week.00:28:53More By This Author:Weekly Technical Update: Nasdaq 100 – Sunday, July 7 Nasdaq 100 & S&P 500 Elliott Wave Update – Tuesday, July 2 Nasdaq 100 & S&P 500 – Elliott Wave […]
Weekly Forex Forecast – Sunday, July 7

Weekly Forex Forecast – Sunday, July 7

Image Source: Pixabay Fundamental Analysis & Market Sentiment I previously wrote on Sunday, June 30, that the best trade opportunities for the week were likely to be: Long of USD/JPY currency pair. This produced a gain of 0.63%. Long of the AUD/JPY currency cross. This produced a gain of 2.25%. Long of the CAD/JPY currency cross. This produced a gain […]
“Getting Fully Valued”: Nvidia Receives Rare Downgrade

“Getting Fully Valued”: Nvidia Receives Rare Downgrade

Image Source: UnsplashNvidia’s price surge over the past 18 months mirrors the exuberance of the ‘Roaring Twenties,’ particularly the bull market of the late 1920s, and is reminiscent of Radio Corporation of America’s meteoric rise following the emergence of the radio industry. According to a recent note from Bryan Taylor, the chief economist at Global Financial Data, Radio […]
Will The Winning Trend Continue?

Will The Winning Trend Continue?

Welcome back subscribers and other readers. We all hope you had a relaxing and enjoyable Fourth of July holiday. Jumping right into our weekly perspective, it has been surprising to look back since the start of 2024. I am not sure that many Wall Street pros got the markets right. Most, I believe, were much […]
Eastman Chemical Company: A Specialty Chemical Play Looking To Profit From New Business Lines

Eastman Chemical Company: A Specialty Chemical Play Looking To Profit From New Business Lines

Image Source: UnsplashEastman Chemical Co. (EMN) is a global advanced materials and specialty additives company that produces a broad range of products found in various everyday items. Eastman Chemical has 36 manufacturing facilities and equity interests in three manufacturing joint ventures in 12 countries that supply products to customers worldwide, notes Kelley Wright, editor of IQ Trends.The company’s name is […]
Metals Performance: Year-To-Date Analysis

Metals Performance: Year-To-Date Analysis

Image Source: UnsplashThe metals are off to a good start. Leading the charge is silver, up close to 27.7% in the first half. The “poor man’s gold” is proving its worth, driven by a global supply deficit and increasing demand. Back in January, the Silver Institute forecasted that global silver demand will reach a near-record 1.2 […]
Pairs In Focus – Sunday, July 7

Pairs In Focus – Sunday, July 7

Image Source: Pexels GBP/USD The British pound rallied significantly during the course of the trading week to test the 1.28 level. This is an area that is a large, round, psychologically significant figure, and many will be paying close attention to see if the resistance does hold.However, the major thing that we need to pay attention to is the […]
3 Dividend Stocks To Gain Despite Energy Market Volatility

3 Dividend Stocks To Gain Despite Energy Market Volatility

Image: BigstockSince the onset of the coronavirus pandemic, the market has witnessed wild swings in oil prices. This reflects the fact that notorious volatility is an integral part of the energy sector.However, due to some key factors, dividend-paying stocks in the same space are relatively less volatile, thereby positioning stocks like ConocoPhillips (COP – Free Report), EOG Resources, Inc. (EOG – Free Report), […]
The Tesla ‘Powerwall’

The Tesla ‘Powerwall’

Image Source: UnsplashI have every selfish reason for this to just keep going up forever, but as a chartist, I’ve got to say that the $257-$260 level represents a tremendous barrier to Tesla, short-term. I would remind you that earnings come out after the close of July 23, and the “big Robotaxi event” is scheduled for Aug. 8.More By This Author:Summer Index ReviewUnited […]
Weekly Technical Update: Nasdaq 100 – Sunday, July 7

Weekly Technical Update: Nasdaq 100 – Sunday, July 7

Image Source: PexelsThe Nasdaq 100 continued to power higher last week. In this comprehensive video, I review the recent movements in the market seen throughout the week.00:32:16More By This Author:Nasdaq 100 & S&P 500 Elliott Wave Update – Tuesday, July 2Nasdaq 100 & S&P 500 – Elliott Wave Daily AnalysisWeekly Technical Update: S&P 500 – Sunday, June […]