Archives by Month:

Archives by Year:

Time To Buy Alphabet Or IBM Stock As Earnings Approach?

Time To Buy Alphabet Or IBM Stock As Earnings Approach?

Image Source: UnsplashTwo tech giants highlighting this week’s busy earnings lineup are Alphabet (GOOGL – Free Report) and International Business Machines (IBM – Free Report) which are set to report their Q2 results on Tuesday, July 24, and Wednesday, July 25 respectively.Belonging to the high-performing Magnificent Seven-themed stocks, GOOGL has soared +30% this year to edge the S&P 500 and Nasdaq while […]
Tech Stocks: No, You Shouldn’t Sell Your Winners Due To A Couple Rough Days

Tech Stocks: No, You Shouldn’t Sell Your Winners Due To A Couple Rough Days

Image Source: PixabayPros do this all of the time. They believe they can accurately rotate between stocks, and from one sector to another, catching the upswing in the new leader while avoiding the downdraft in the previous champion. Pros are fooling themselves. They have no history of success.Longer-term studies from S&P Global show that an astounding […]
Airliner Earnings: Should You Buy?

Airliner Earnings: Should You Buy?

Image Source: UnsplashWe’ve got a heavy slate of earnings reports this week, as many different pockets of the economy are being represented. So far, we’ve seen Q2 results from a fair number of S&P 500 companies, with earnings for these index members up 8.7% on 5.2% higher revenues.The overall earnings landscape is expected to remain positive, […]
The Commodities Feed: Further Downward Pressure

The Commodities Feed: Further Downward Pressure

Image Source: Unsplash Energy – Russian crude transit issues  Oil prices came under further pressure yesterday with demand concerns lingering in the market. However, we remain constructive towards the market through the third quarter and still expect prices to move higher from current levels. OPEC+ cuts should ensure that the market tightens in the current quarter. […]
BlackRock’s IBIT rakes in $527 million as Bitcoin ETFs notch 12th day of inflows

BlackRock’s IBIT rakes in $527 million as Bitcoin ETFs notch 12th day of inflows

Key Takeaways BlackRock’s Bitcoin ETF drew $526.7 million in net inflows on Monday. IBIT’s market cap exceeds $22 billion, and it has outperformed the Nasdaq ETF in terms of inflows this year. BlackRock’s iShares Bitcoin Trust (IBIT) attracted $526.7 million in net inflows on July 22 as investors’ appetite for spot Bitcoin funds continued to […]
Elliott Wave Technical Analysis: Bitcoin Crypto Price News For Tuesday, July 23

Elliott Wave Technical Analysis: Bitcoin Crypto Price News For Tuesday, July 23

Image Source: UnsplashElliott Wave Analysis TradingLounge Daily ChartBitcoin / U.S. dollar(BTCUSD)BTCUSD Elliott Wave Technical AnalysisFunction: 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 […]
Gold Price Hangs Near One-Week Low Touched On Monday, $2,390-2,385 Holds The Key For Bulls

Gold Price Hangs Near One-Week Low Touched On Monday, $2,390-2,385 Holds The Key For Bulls

Image Source: Pexels A combination of factors dragged the Gold price to over a one-week low on Monday. Bets that the Fed will cut rates in September could lend support and help limit losses. The US Q2 GDP on Thursday and Friday’s US PCE data to provide fresh impetuses. Gold price (XAU/USD) struggles to capitalize on […]
Copper Double Three Elliott Wave Correction In Progress

Copper Double Three Elliott Wave Correction In Progress

Image Source: PixabayShort Term Elliott Wave View in Copper (HG) suggests that correction from 5.20.2024 high remains in progress. The internal subdivision of the correction is unfolding as a double three Elliott Wave structure. Down from 5.20.2024 high, wave (W) ended at 4.305 and rally in wave (X) ended at 4.7015. Wave (Y) lower is in […]
Time To Buy Tesla, GM, Or Ford’s Stock As Q2 Earnings Approach?

Time To Buy Tesla, GM, Or Ford’s Stock As Q2 Earnings Approach?

Image Source: PexelsSecond-quarter results from the major automakers will be a highlight of this week’s earnings lineup with Tesla (TSLA – Free Report) and General Motors (GM – Free Report) set to report on Tuesday, July 23.Plus, Q2 results from Ford Motor (F – Free Report) are on tap Wednesday. That said, let’s see if it’s time to buy stock in these auto giants as […]
Gold Trading Strategy For Tuesday, July 23

Gold Trading Strategy For Tuesday, July 23

Image Source: PixabayToday you will see GOLD price prediction based on the technical analysis. What is the support and resistance on the daily time frame for XAUUSD? What to expect where the price will breakout for the XAUUSD based on the supply and demand zones.Video Length: 00:03:16More By This Author:Platinum: XPTUSD Trading Strategy, Analysis And Forecast […]