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The RBA Maintained Its Policy Settings

The RBA Maintained Its Policy Settings

Image source: Pixabay  At Monday’s close, the Dow Jones (US30) Index was down 2.60%, while the S&P 500 (US500) Index fell by 3.00%. The NasdaqTechnology Index (US100) closed negative 3.43%. The S&P 500 and Nasdaq 100 Indexes fell to 3-month lows, and the Dow Jones Industrials Index fell to a 7-week low. The fall in global stock markets on Monday triggered a flight into government debt and […]
Can China’s Property Sector Bounce Into Year End?

Can China’s Property Sector Bounce Into Year End?

Image Source: Unsplash  China Resources Land Limited (CR Land) is a prominent real estate development company in China. It is a subsidiary of China Resources Holdings Company Limited, a state-owned conglomerate. The company’s activities include: Property development, property investment, management, and urban redevelopment.The company invests in and manages a portfolio of investment properties, including shopping malls, […]
Crowd Strike

Crowd Strike

One of the very popular technology companies in recent years has been CrowdStrike, Inc. It provides cybersecurity to numerous major technology companies including the top Artificial Intelligence (AI) players. Its shares got blasted recently as the first big correction in the glamour tech stocks has taken hold of the market’s agenda. However, a much bigger […]
The Stock Market Is Not Crashing; What Happens Next?

The Stock Market Is Not Crashing; What Happens Next?

Image Source: Unsplash  The stock market is not crashing right now and the question that should be asked is not whether the stock market is crashing, but how are we going to respond to what the stock market does next? In this video, I provide my technical analysis on swing trading in this stock market using […]
Elliott Wave Technical Analysis: Shanghai Composite Index

Elliott Wave Technical Analysis: Shanghai Composite Index

Image Source: Unsplash  Shanghai Composite Elliott Wave Analysis Trading Lounge Day ChartShanghai Composite Elliott Wave Technical Analysis Function: Counter Trend Mode: Corrective Structure: Navy Blue Wave 2 Position: Gray Wave 1 Direction Next Higher Degrees: Orange Wave 1 of 3 Details: Navy Blue Wave 2 is still in play and nearing its end. Wave Cancel Invalid Level: 2636.1478 The Shanghai Composite Elliott Wave Analysis […]
Gold Gains Above $2,400 As Traders Bet Fed’s Bulk Rate Cuts

Gold Gains Above $2,400 As Traders Bet Fed’s Bulk Rate Cuts

Image Source: Pixabay  Gold price (XAU/USD) holds key ground at $2,400 as the US Dollar (USD) and bond yields give up some of their gains in Tuesday’s European session. The precious metal gains while investors look for fresh cues, which could clarify whether the United States (US) enters a recession. Also, market participants await signals […]
Deckers Outdoor Favors Sideways Correction Before Rally Again

Deckers Outdoor Favors Sideways Correction Before Rally Again

Deckers Outdoor Corporation (DECK), designs, markets & distributes footwear, apparel & accessories for casual lifestyle use & high-performance activities in US and internationally. It sells products through domestic & international sellers, distributors & directly its consumers through direct to consumer (D2C) business. It is based in Goleta, CA, comes under Consumer Cyclical sector & trades […]
Yen Carry Trade Blows Up Sparking Global Sell-Off

Yen Carry Trade Blows Up Sparking Global Sell-Off

On Monday morning, investors woke up to plunging stock markets as the “Yen Carry Trade” blew up. While media headlines suggested the sell-off was due to fears of a recession, slowing employment growth, or fears over Israel and Iran, such is not the case. As previously noted, headline events like the economy, employment, or geopolitical conflict are […]
EUR/GBP Forecast: Euro Rallies Against British Pound Yet Again

EUR/GBP Forecast: Euro Rallies Against British Pound Yet Again

The first thing I notice is that the 0.86 level has offered a significant amount of resistance after slamming directly into it. The market continues to shoot straight up in the air as traders are running toward the euro and away from the British pound. We are well above the 50 day EMA, as well […]
Daily Market Outlook – Tuesday, Aug. 6

Daily Market Outlook – Tuesday, Aug. 6

Image Source: Unsplash  Despite the generally negative cues from global markets overnight, Asian stock markets are mostly up on Tuesday. This is because most markets recovered strongly from the worst sell-off since 2008 amid concerns about the world’s largest economy going into recession in the wake of some recent disappointing data on US jobs and manufacturing […]