The Nikkei closed the morning session up 9.4 percent. Expect a retest of the lows because the Bank of Japan has signaled it serious about strengthening the Yen.  The Easy Money Reckoning ArrivesThe Wall Street Journal reports The Easy Money Reckoning Arrives The selloff in global stocks that began Friday and continued on Monday is in […]

With the S&P 500 (Index: SPX) having tumbled some 480 points from its 16 July 2024 record high of 5,667.20 as of Monday, 5 August 2024, it’s a good time to consider whether order might be starting to break down within the U.S. stock market.That’s especially true because the Nasdaq (Index: QQQ) has fallen more dramatically in […]

ASX: SANTOS LIMITED – STO Elliott Elliott Wave Technical Analysis TradingLounge (1D Chart)Greetings, Our Elliott Wave analysis today updates the Australian Stock Exchange (ASX) with SANTOS LIMITED – STO. We see that STO is likely to continue pushing lower in the short term.ASX: SANTOS LIMITED – STO Elliott Wave Technical Analysis  ASX: SANTOS LIMITED – STO 1D Chart (Semilog Scale) AnalysisFunction: Major trend (Minor degree, gray)  Mode: Motive  Structure: Impulse  Position: Wave ((y))-navy of Wave 2-grey  Details: Wave count is changed to increase probability. Wave 2-grey is still longer than expected, developing as a Double Three, and wave ((y))-navy is nearing completion as a Flat, expected to continue pushing down to 7.35-7.20.  Invalidation point: 6.57ASX: SANTOS LIMITED – STO Elliott Wave Technical Analysis TradingLounge (4-Hour Chart)ASX: SANTOS LIMITED – STO Elliott Wave Technical Analysis ASX: SANTOS LIMITED – STO 4-Hour Chart AnalysisFunction: Major trend (Minute degree, navy)  Mode: Corrective  Structure: Double three  Position: Wave iii-grey of Wave (c)-orange of Wave ((y))-navy of Wave 2-grey Details: Wave ((y))-navy is opening to push lower, it is almost completing the Flat pattern, wave (c)-orange will push lower with five-waves pattern. Wave iii-grey is almost done with its role, it will basically continue to push lower, then wave iv-grey will open to push a bit higher, finally wave v-grey will continue to complete its work.  Invalidation point: 8.18 Conclusion:  Our analysis, forecast of contextual trends, and short-term outlook for ASX: SANTOS LIMITED – STO aim to provide readers with insights into the current market trends and how to capitalize on them effectively. We offer specific price points that act as validation or invalidation signals for our wave count, enhancing the confidence in our perspective. By combining these factors, we strive to offer readers the most objective and professional perspective on market trend.Technical Analyst: Hua (Shane) […]

Image Source: Pixabay  Overview: Calmer markets are prevailing today, but an unease remains, and market moves continue to be sharp even if less dramatic. Still, it is in these somewhat less volatile conditions that the US dollar is doing better. It is firmer against all the G10 currencies today. The yen and sterling are the weakest, nursing […]

Image Source: Unsplash  Caterpillar Inc. (NYSE: CAT) reported its second-quarter 2024 results, showing a mixed performance. The company achieved sales and revenues of $16.7 billion, marking a 4% decline from the $17.3 billion reported in the same period last year.This decrease was primarily attributed to lower sales volume, which was partially offset by favorable price realization.Despite the […]