July 2024 - Page 29 of 267 -

Broader Market Participation Continues

Jul 29, 2024 Jeremy Parkinson Finance 0

One common theme in some earlier blog posts this year has been commentary around a market that is seeing broader participation. What is meant by this is the fact more stocks and asset classes are participating in the market’s move higher, especially participation outside of the mega cap stocks. depositphotos On January 1st I wrote an article, Time […]

Elliott Wave Technical Analysis – Dow Jones Index

Jul 29, 2024 Jeremy Parkinson Finance, No picture 0

Image Source: Unsplash Dow Jones – DJI Elliott Wave AnalysisDay Chart OverviewDow Jones – DJI Elliott Wave Technical AnalysisFunction: Trend Mode: Impulsive Structure: Orange wave 3 Position: Navy blue wave 5 Next Lower Degrees Direction: Orange wave 4Details:The Dow Jones – DJI Elliott Wave Analysis on the daily chart shows an impulsive trend. The wave structure under analysis is orange wave 3, positioned within navy blue […]

Weekly Market Pulse: The Great Rotation

Jul 29, 2024 Jeremy Parkinson Finance 0

“It ain’t what you don’t know that gets you into trouble. It’s what you know for sure that just ain’t so.” – Maybe Mark Twain but could be Josh Billings or someone else entirely depositphotos The Great Rotation from large cap stocks to small cap and value stocks that started a few weeks ago, continued unabated last […]

GBP/USD Forex Signal: Volatility Ahead Of Fed And BoE Decisions

Jul 29, 2024 Jeremy Parkinson Finance 0

Bearish view Sell the GBP/USD pair and set a take-profit at 1.2800. Add a stop-loss at 1.3000. Timeline: 1-2 days. Bullish view Buy the GBP/USD pair and set a take-profit at 1.3025. Add a stop-loss at 1.2800. The GBP/USD pair will be in the spotlight this week as the Federal Reserve and the Bank of England (BoE) […]

FX Daily: A Hike, A Hold And A Cut

Jul 29, 2024 Jeremy Parkinson Finance 0

Image Source: Pexels There are two close central bank calls this week: the BoJ, which we narrowly expect to hike by 15bp, and the BoE, where our call is a 25bp cut. We expect the Fed to hold rates but it may lay the groundwork for a September cut. We see EUR/USD ending the week moderately higher, while […]

Market Briefing For Monday July 29

Jul 29, 2024 Jeremy Parkinson Finance 0

Even-keeled moves are entirely absent in this market rebalancing. It’s not a painless situation for many of the bigger stocks; and many other reflect what is a vulnerable valuation level, especially in those that rallied earlier this year.Mega-caps have been involved in extreme capital expenditures; and that’s for sure part of the concern regarding vulnerability […]

Justin Sun urges China to revamp Bitcoin strategy

Jul 28, 2024 Jeremy Parkinson Cryptocurrency, No picture 0

Key Takeaways Justin Sun expects China to adopt more competitive Bitcoin policies. The US government currently holds over $14 billion worth of Bitcoin, making it the largest national holder of Bitcoin globally. Founder of the Tron blockchain Justin Sun has called on China to reform its approach to Bitcoin policy, especially when the US has […]

Bitcoin Crypto Price News Today Elliott Wave Technical Analysis

Jul 28, 2024 Jeremy Parkinson Finance 0

Elliott Wave Analysis TradingLounge Daily Chart,Bitcoin / U.S. dollar(BTCUSD)Function: Follow TrendMode: MotiveStructure: Impulseposition: Wave (V)Direction Next higher Degrees: wave ((I))Wave Cancel invalid level: Details: The five-wave Increase of Wave (V)Bitcoin / U.S. dollar(BTCUSD)Trading Strategy:Overall, Bitcoin looks like the correction has ended at the 53,534 level and the price is rising again in a wave (V) likely to rise […]

Economic Data Forecasts For The Weeks Of July 29 & Aug. 5

Jul 28, 2024 Jeremy Parkinson Finance, No picture 0

Here are my forecasts for upcoming economic data. Forecast Prior Observation July 25 Initial Unemployment Claims 240K 243 GDP – Q2 (a) 2.0% 1.4 GDP Implicit Price Deflator Durable Goods Orders – June 0.6% 0.1 International Trade in Goods – June -98.6 […]

“Bubble” In AI/Semiconductor Stocks Began To Re-Inflate On Friday

Jul 28, 2024 Jeremy Parkinson Finance, No picture 0

Image Source: UnsplashA week ago in an article posted here I suggested that the AI/semiconductor stocks that munKNEE tracks in its Portfolios on a weekly basis were oversold, a rebound was likely to happen shortly and that, as such, it was time to buy the dip. The sector decline continued into this past week bottoming on […]