Archives by Month:

Archives by Year:

FX Daily: Dollar’s Bearish Holding Pattern Continues

FX Daily: Dollar’s Bearish Holding Pattern Continues

It has been a consolidative week for FX markets. Expect more of the same today. The fact that all the Asian currencies have benefitted this month provides us some comfort that we are seeing a meaningful dollar adjustment. Look out for GDP revisions and jobless claims in the US today, as well as flash national CPI releases […]
EUR/USD: Breaks Below Channel Support, But Uptrend May Still Resume

EUR/USD: Breaks Below Channel Support, But Uptrend May Still Resume

EUR/USD has broken below the rising price channel on the 4-hour chart and is now approaching the key support level at 1.1097. What’s Next? Consolidation Phase: As long as the price remains above the 1.1097 support level, the recent decline from 1.1201 can be viewed as a consolidation within the broader uptrend that began at […]
Elliott Wave Technical Analysis: Bitcoin Crypto Price News Today – Thursday, Aug. 29

Elliott Wave Technical Analysis: Bitcoin Crypto Price News Today – Thursday, Aug. 29

Elliott Wave Analysis TradingLounge Daily Chart,Bitcoin / U.S. dollar(BTCUSD)BTCUSD Elliott Wave Technical AnalysisFunction: Counter TrendMode: CorrectiveStructure: Double Correctiveposition: Wave ((Y))Direction Next higher Degrees: wave IVWave Cancel invalid level: Details: The decline of wave IV is likely to end and the price is re-entering the uptrend.Bitcoin / U.S. dollar(BTCUSD)Trading Strategy:It looks like the Wave IV correction is complete, so […]
Nvidia’s Stocks Drops Sharply After It Fails To Impress

Nvidia’s Stocks Drops Sharply After It Fails To Impress

Nvidia reported quarterly results that failed to impress the market.Video Length: 00:10:08More By This Author:Stocks Drop As Market Waits For Nvidia’s Results The Fed Rate Cutting Cycle Has Already Been Priced Into The Market Nvidia’s Stock May Not Live Up To The Earnings Hype
Economics: Supply And Demand In The EV Market

Economics: Supply And Demand In The EV Market

Those of you who read my predictions know that I am long term bullish in alternative energy and in electric vehicles.Looking domestically, recent price cuts in EVs have spurred new buyers.According to Bloomberg, a growing trend across the U.S., including in Tesla’s hometown of Fremont, shows used EV sales jumping 70% in the year’s first […]
Elliott Wave Intraday On Nvidia Looking For Pullback

Elliott Wave Intraday On Nvidia Looking For Pullback

Short Term Elliott Wave in NVDA suggests that pullback to 90.7 ended wave IV. The stock has turned higher in wave V with internal subdivision as a 5 waves impulse. Up from wave IV, wave (1) ended at 109.25 and wave (2) pullback ended at 97.15. The stock has resumed higher as a nest. Up from […]
Elliott Wave Technical Analysis: State Bank Of India

Elliott Wave Technical Analysis: State Bank Of India

STATE BANK OF INDIA – SBIN (1D Chart) Elliott Wave Technical AnalysisFunction: Larger Degree Trend Higher (Intermediate degree, orange)  Mode: Motive  Structure: Impulse  Position: Minute Wave ((ii))   Details: Minute Wave ((ii)) Navy is complete around 810. If correct, prices should turn higher as Minute Wave ((iii)) Navy begins to unfold within Minor Wave 5 Grey of Intermediate Wave (5) Orange. Alternatively, Minor Wave 5 Grey terminated as truncation below 920. Invalidation […]
EUR/USD Pares Recent Gains, Poised For Further Downside

EUR/USD Pares Recent Gains, Poised For Further Downside

EUR/USD trimmed recent gains on Wednesday, stepping lower after clipping fresh highs for the year as broad-market anticipation of Federal Reserve (Fed) rate cuts in September keeps broad-market risk appetite pinned to the ceiling.There is little of note on the economic calendar for the middle range of the trading week, but Thursday will bring an update on US Gross Domestic Product (GDP) […]
The Curse Of The $SPX

The Curse Of The $SPX

I was curious what day the geniuses at Standard and Poors decided to add SMCI to the hallowed halls of the S&P 500. In the five months since then, it has lost almost 70% of its value. So, umm, yeah, good work, you numb-nuts.More By This Author:Nvidia PostmortemTesla On The Outs Super Short Success With […]
Momentum For Harris Stalls, Silver Calls The Election A 50-50 Tossup

Momentum For Harris Stalls, Silver Calls The Election A 50-50 Tossup

Harris is ahead in recent polls. Nate Silver has the odds of a Harris victory going the other way. Why? Here’s a Nate Silver Bulletin Public Snip. Last update: 4:30 p.m., Wednesday, August 28: Maybe a little bit of an RFK effect after all? Kamala Harris’s lead peaked at 4.3 points in our national average the day Kennedy […]