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The Dollar Softens Into The Weekend

The Dollar Softens Into The Weekend

Image Source: Pixabay  Overview: The US dollar is weaker against all the G10 currencies today. The New Zealand dollar is the strongest, which might fit into the narrative that the carry trades are making a comeback, but the yen and Swiss franc are the next strongest in the G10. And for the second consecutive week, Japanese investors […]
Elliott Wave Technical Analysis: Maruti Suzuki India

Elliott Wave Technical Analysis: Maruti Suzuki India

MARUTI SUZUKI INDIA – MARUTI (1D Chart) Elliott Wave / Technical Analysis: Function: Counter Trend Lower (Intermediate degree, orange)  Mode: Corrective  Structure: Impulse, within larger degree Wave A  Position: Minor Wave 1 Grey complete   Details: Minor Wave 2 underway towards 12700-800 zone.  Invalidation point: 13685Maruti Suzuki Daily Chart Technical Analysis and potential Elliott Wave Counts: Maruti Suzuki’s Daily chart potential counts are suggesting that the stock has probably terminated its fifth wave at Minor, Intermediate and […]
Nike Inc (NKE) DCF Valuation: Is The Stock Undervalued?

Nike Inc (NKE) DCF Valuation: Is The Stock Undervalued?

As part of a new series, each week we typically conduct a DCF on one of the companies in our screens. This week we thought we’d take a look at one of the stocks that is not currently on our screens, Nike Inc (NKE).  ProfileNike is the largest athletic footwear and apparel brand in the […]
Walmart Gives Investors A Ray Of Hope

Walmart Gives Investors A Ray Of Hope

Walmart’s earnings report gives investors hope that weakening retail spending trends may be ending. Walmart’s earnings and sales exceeded expectations. Furthermore, Walmart gave increased earnings guidance for the year ahead. Investors loved the news, as witnessed by Walmart shares initially trading 8% higher on the news.Most retail earnings this year have been accompanied by concerns […]
The S&P 500 And Nasdaq Have Been Bullish This Week

The S&P 500 And Nasdaq Have Been Bullish This Week

S&P 500 chart analysisOn Friday, the S&P 500 index rose to 5559.4, a new weekly high. Since Monday, we have been in a strong bullish consolidation with the support of the moving averages. After the formation of today’s high, the index stopped there, so we will see the initiation of bearish consolidation up to the […]
Is Stocks Rally Showing Signs Of Exhaustion?

Is Stocks Rally Showing Signs Of Exhaustion?

Will stocks retrace some of their recent rally? Have they reached local highs?Stocks further accelerated their uptrend yesterday, with the S&P 500 index closing 1.61% and reaching new local highs above the 5,500 level. The market has retraced almost all of its declines from the August 1 local high of 5,566.16. The rebound surprised a […]
Why Is Applied Materials Trending?

Why Is Applied Materials Trending?

Image Source: Unsplash  On The Chart of the Day In addition to highlighting stocks by using Barchart’s powerful screening functions to find stocks with the highest technical buy signals, highest Weighted Alpha, superior current momentum, and having a Trend Seeker buy signal we will also include coverage of stocks that are trending in the search results on the […]
The Worrying Chinese Slowdown

The Worrying Chinese Slowdown

In his latest weekly report, analyst Luke Gromen points to a major transformation in the US bond market: Treasury yields are rising even as liquidity is being withdrawn from the market.For the first time in 48 years, yields on 10-year US Treasuries have risen in response to an annual decline in global US dollar liquidity.We’ve […]
Unlocking ASX Trading Success: National Australia Bank Limited – Friday, Aug. 16

Unlocking ASX Trading Success: National Australia Bank Limited – Friday, Aug. 16

ASX: NATIONAL AUSTRALIA BANK LIMITED – NAB Elliott Elliott Wave Technical Analysis TradingLounge (1D Chart)Greetings, Our Elliott Wave analysis today updates the Australian Stock Exchange (ASX) with NATIONAL AUSTRALIA BANK LIMITED – NAB. We see NAB.ASX looking to push higher with wave (iii)-orange. ASX: NATIONAL AUSTRALIA BANK LIMITED – NAB Elliott Wave Technical Analysis  ASX: NATIONAL AUSTRALIA BANK LIMITED – NAB 1D Chart (Semilog Scale) AnalysisFunction: Major trend (Minute degree, navy)  Mode: Motive  Structure: Impulse  Position: Wave (iii)-orange of Wave ((v))-navy  Details: Wave (ii)-orange seems to have just finished as an Expanded Flat, and wave (iii)-orange seems to be unfolding to push higher. While price must remain above 34.67 to maintain this view.Invalidation point: 34.67ASX: NATIONAL AUSTRALIA BANK LIMITED – NAB Elliott Wave Technical Analysis TradingLounge (4-Hour Chart)ASX: NATIONAL AUSTRALIA BANK LIMITED – NAB Elliott Wave Technical AnalysisASX: NATIONAL AUSTRALIA BANK LIMITED – NAB 4-Hour Chart AnalysisFunction: Major trend (Minuette degree, orange)  Mode: Motive  Structure: Impulse  Position: Wave ((2))-navy of Wave (iii)-orange  Details: Wave (ii)-orange just ended at the 34.67 low and wave (iii)-orange is unfolding to push higher. It is subdividing into wave ((1))-navy itself, and it has ended, wave ((2))-navy looks to be unfolding to push a bit lower, then wave ((3))-navy will return to push higher.  Invalidation point: 34.67Conclusion:  Our analysis, forecast of contextual trends, and short-term outlook for ASX: NATIONAL AUSTRALIA BANK LIMITED […]
Economic Growth Myth & Why Socialism Is Rising

Economic Growth Myth & Why Socialism Is Rising

Image Source: Pixabay  I was recently asked about the seemingly strong “economic growth” rate as the Federal Reserve prepares to start cutting rates. “If economic growth is so strong, as noted by the recent GDP report, then why would the Federal Reserve cut rates?” It’s a good question that got me thinking about the trend of economic growth, the […]