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Big Sell-Off Ahead Of Earnings: Chipotle, ServiceNow Beat

Big Sell-Off Ahead Of Earnings: Chipotle, ServiceNow Beat

Jul 24, 2024 Finance 0

Image Source: PixabayWhat looked like a simple continuation of a market sell-off this morning got worse. I mean, it clearly did. Only the small-cap Russell 2000 spent any time in green at all today — and that was more than a minute or two early in the session. The Dow, S&P 500, and the Nasdaq all […]
Gold’s Potential Game Changer Approaching

Gold’s Potential Game Changer Approaching

Jul 24, 2024 Finance, No picture 0

Image Source: UnsplashGold’s breakout failed and fell back into the previous consolidation zone at $2300 to $2400/oz. Silver reversed hard and is threatening support at $29.Precious Metals must work through this technical damage before they can resume their new uptrends. For years, we have written about the significance of Gold outperforming the stock market and the conventional […]
Stocks Tank As The Japanese Yen Sees A Massive Move

Stocks Tank As The Japanese Yen Sees A Massive Move

Jul 24, 2024 Finance, No picture 0

Image Source: PexelsStocks were smacked around Wednesday, with the S&P 500 recording its first 2%+ decline in forever, while the Nasdaq fell by 3.65%. It was just a rough day for risk assets all around. What we are in the middle of seeing at the moment, I believe, is the unwinding of the carry trade in […]
This 2-Leg Pullback Could Double Our Profits Tomorrow

This 2-Leg Pullback Could Double Our Profits Tomorrow

Jul 24, 2024 Finance, No picture 0

Image Source: Unsplash Woah, what a move today!  Anytime I see a big selloff like we did today, there are (2) specific trades I look for the following day…Trade #1 is very easy and consistent, but if we’re lucky, Trade #2 can make us a LOT more money!One lesson I learned a long time ago – […]
Financial Markets Report For Wednesday, July 24

Financial Markets Report For Wednesday, July 24

Jul 24, 2024 Finance 0

Image Source: PixabayIn this video, Ira Epstein reviews the activity in the Financial Markets after the day that just ended, Wednesday, July 24.Video Length: 00:11:13More By This Author:Metal Markets Report For Tuesday, July 23 SPDR ETF Report For Tuesday, July 23 Financial Markets Report For Tuesday, July 23
Nasdaq 100 & S&P 500 Elliott Wave Update – Wednesday, July 24

Nasdaq 100 & S&P 500 Elliott Wave Update – Wednesday, July 24

Jul 24, 2024 Finance, No picture 0

Image Source: PexelsLots of follow-through produced by “lots” of triggers/signals. Both the NDX and SPX gapped lower on the openings basically crushing some initial support levels that need to hold to keep the upside trade in place and flowing. The breaks produced the expected result and that being an acceleration of the selling. On an Elliott […]
Bonds & Big-Tech Bloodbath: Mag7 Meltdown Accelerates As Yield Curve ‘Dis-Inverts’ To 2-Year High

Bonds & Big-Tech Bloodbath: Mag7 Meltdown Accelerates As Yield Curve ‘Dis-Inverts’ To 2-Year High

Jul 24, 2024 Finance 0

Image Source: PixabayUgly Micro (Mag7 earnings fail to impress…enough) and Ugly Macro (home sales and manufacturing meltdown) left an Ugly day for stocks and bonds (the long-end) while the dollar, crypto, and commodities were all relatively unch by the close.As UBS notes, similar to last Wednesday, today seems very much an Equity event which suggests that technicals and positioning are the major […]
Betting On Jack

Betting On Jack

Jul 24, 2024 Finance, No picture 0

Image Source: UnsplashI have acquired December 2024 $60 puts on JACK, which is sporting a head and shoulders pattern that is magnificent enough to invoke Jack Sauce.More By This Author:Casey’s Valuation Bonds Re-Weakening Small-Caps Sinking To The Fib
A Hyperscalers Hiccup Sends Investors Into A Tailspin

A Hyperscalers Hiccup Sends Investors Into A Tailspin

Jul 24, 2024 Finance 0

Image Source: PixabayU.S. stocks took a significant hit on Wednesday, with the Nasdaq Composite dropping by an eyewatering 3.6%. Disappointing earnings reports from major tech companies triggered a $1 trillion rout in the Nasdaq 100 Index. Investors are now facing the pressing question: How long will it take for these massive investments by hyperscalers to start […]
AUD/JPY Price Analysis: Plunges To A Fresh Low Amid Steep Four-Day Losing Streak

AUD/JPY Price Analysis: Plunges To A Fresh Low Amid Steep Four-Day Losing Streak

Jul 24, 2024 Finance, No picture 0

Image Source: Unsplash AUD/JPY extends losses, plunging to 101.20, marking the lowest level since early May. The bearish short-term trend continues to strengthen as the pair records four losing days in a row, shedding over 4% since last week. In Wednesday’s trading, the AUD/JPY pair has prolonged its downward spiral, tumbling by 1.50% to reach 101.20. […]