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Jobless Claims: Almost All Good

Jobless Claims: Almost All Good

The news about initial and continuing jobless claims was almost all good this week.Initial claims declined -2,000 to 231,000, and the four week moving average declined -4,750 to 231,500, the lowest since early June. Continuing claims increased by 13,000 to 1.868 million:As usual, more important for forecasting purposes are the YoY% changes. In that regard, […]
Aptos-based Merkle Trade kicks off TGE sequence with dual rewards for participants

Aptos-based Merkle Trade kicks off TGE sequence with dual rewards for participants

Key Takeaways Merkle Trade’s TGE features Genesis Staking and an LBA, offering multiple rewards. Participants can earn shares of MKL supply and trading fees through the LBA. Share this article Merkle Trade, the pioneering gamified perpetual futures decentralized exchange powered by the Aptos blockchain, is launching its token generation event (TGE) sequence, according to a […]
Volume Price Analysis Tutorial – Where Is Meta Stock Heading Next?

Volume Price Analysis Tutorial – Where Is Meta Stock Heading Next?

Image Source: Unsplash  If you are a regular visitor to my site, I’m sure you will be familiar with my foundational methodology which is volume price analysis which is based on the two leading indicators of volume and price. If not, I have created a series of videos that explain many of the basic principles when […]
Elliott Wave Technical Analysis: PayPal

Elliott Wave Technical Analysis: PayPal

PYPL Elliott Wave Analysis Trading Lounge Daily Chart,Paypal (PYPL) Daily ChartPYPL Elliott Wave Technical Analysis Function: Trend Mode: Impulsive Structure: Motive Position: Wave 3 or C Direction: Upside in wave 3/C Details: The analysis indicates potential upward movement within wave 3 or C, which should develop in a five-wave pattern. Currently, it appears that the price is within […]
What NVDA Disappointment?

What NVDA Disappointment?

S&P 500 fearful positioning did strike early after the opening bell – providing for very quick intraday gains – but then the curse of very high expectations sent stocks down. Sell the solid news just because the pace of beating expectations was slower than prior quarters, and see the dip being bought overnight – that‘s a fitting summary.Has the medium-term […]
Mortgage Rates Are Falling But Remain Too High

Mortgage Rates Are Falling But Remain Too High

The graph below shows the MBA average 30-year mortgage rate, with its year-over-year change below. The good news is that mortgage rates have recently fallen rapidly. However, they remain well above rates seen since 2008. This creates a problem for the Fed. Over the last twenty years, there has been a strong correlation between mortgage […]
Stocks Likely To Extend Consolidation: Topping Pattern Forming?

Stocks Likely To Extend Consolidation: Topping Pattern Forming?

The earnings release from NVDA didn’t change much, but stocks may still be forming a topping pattern.Wednesday’s trading session brought declines for the stock market, but overall, the market remained within its short-term consolidation. The S&P 500 index lost 0.6% after rebounding from the daily low of around 5,561. The eagerly-awaited NVDA earnings didn’t change […]
PolitiFi coins surge 782% in 2024, surpassing meme coins average gains

PolitiFi coins surge 782% in 2024, surpassing meme coins average gains

Key Takeaways PolitiFi coins outperformed meme tokens with a 782.4% gain in 2024. ConstitutionDAO leads the PolitiFi sector with a $385.6 million market cap. Share this article The political-themed meme coins known as “PolitiFi tokens” have surged 782.4% on average in 2024, as reported by CoinGecko. The category surpassed the broader meme coin category’s 90.2% […]
Gold Forecast: Looking For A Breakout

Gold Forecast: Looking For A Breakout

Gold plunged in the early hours of the Wednesday session but has turned around to show signs of life. Therefore, it looks like the market is going to continue to pay close attention to the $2,500 level. The $2,500 level is an area that a lot of people have been paying close attention to, as […]
US Dollar Advances With Stakes Building Up Towards US Data

US Dollar Advances With Stakes Building Up Towards US Data

 Image Source: Pexels   The US Dollar trades on the back foot, weakening against most major peers, as traders focus on key US data.  Markets cramped on Wednesday on the back of a miss in estimates for Nvidia earnings, benefiting the Dollar. The US Dollar Index popped above 101.00, but is unable to hold this level. […]