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Weekly Technical Update: Nasdaq 100 – Sunday, Aug. 4

Weekly Technical Update: Nasdaq 100 – Sunday, Aug. 4

Image Source: PixabayIn this video, I review the week’s price action for both the cash and futures markets. There was plenty of activity via earnings reports, economic data, changes in “flows,” and the growing possibility of an extended conflict in the Middle East. The Nasdaq 100 remains within a minor 4th wave correction. I also discuss Intel (INTC), which took […]
Bitcoin Tumbles Down To $60,000 As The Market Faces Bloodbath

Bitcoin Tumbles Down To $60,000 As The Market Faces Bloodbath

Image Source: Unsplash This Week’s Summary The cryptocurrency market looks set to end the week at a total market capitalization of $2,15 trillion. Bitcoin moved down by nearly 11% to trade at around $60,600. Ethereum decreased by almost 11% to trade at around $2,900. XRP fell down 10%, Solana 22%, and Dogecoin 19%. Almost all altcoins have been seen trading […]
Are The “Magnificent 7” Stocks Today’s Version Of The “Nifty Fifty”?

Are The “Magnificent 7” Stocks Today’s Version Of The “Nifty Fifty”?

Image Source: PexelsThe “Magnificent 7” are TSLA, AAPL, META, GOOG, MSFT, AMZN, NVDA. Buy and hold forever? MAGS ETF courtesy of Stockcharts.com, annotations by MishNifty Fifty In the United States, the term Nifty Fifty was an informal designation for a group of roughly fifty large-cap stocks on the New York Stock Exchange in the 1960s and […]
Recession Signs?

Recession Signs?

Image Source: PexelsIn this video, I discuss how economic data is changing, and how this may be an early sign of a coming recession.00:09:04More By This Author:Weekly Market Pulse: The Great RotationWeekly Market Pulse: Is That Goldilocks I See?Weekly Market Pulse: The Soft Landing Zone
Friday’s Gap Downs Bring Indices Close To Support, Semiconductor Index At 200-Day MA

Friday’s Gap Downs Bring Indices Close To Support, Semiconductor Index At 200-Day MA

Image Source: PexelsFriday’s big gaps lower have the potential to become breakdown gaps, but for now, the near-term oversell has cleared the way for a possible move into the gap price vacuum. The index most likely to achieve this in the coming days is the Russell 2000 (IWM).The Russell 2000 finished with a neutral doji formation, just […]
OS Therapies Falls Following Downsized IPO

OS Therapies Falls Following Downsized IPO

TM Editors’ note: This article discusses a penny stock and/or microcap. Such stocks are easily manipulated; do your own careful due diligence.Image Source: www.gotcredit.com via FlickrShares of OS Therapies fell on Thursday following a downsized initial public offering by the oncology drug developer in a slow week for the IPO market. Latest IPOs and Direct Listings OS Therapies (OSTX) opened […]
The Higher-For-Longer Trade May Be Over As The Bulls Run For The Exits

The Higher-For-Longer Trade May Be Over As The Bulls Run For The Exits

Image Source: UnsplashThe effects of last week’s market shift will likely be felt throughout the week. The BOJ’s decision to hike rates and cut back on its bond purchases kicked things off, and the US labor report finished it. The result was a yield curve that has now broken free of its trading range that has […]
So Much For Expecting The Fed To Stick The Landing

So Much For Expecting The Fed To Stick The Landing

“It is impossible to produce superior performance unless you do something different than the majority.”  –  Sir John Templeton Market CommentarySo much for expecting the Fed to stick the landing and create a soft landing.These are extraordinary times. Technical models turned negative in the stock market as many of the hottest stocks were hit by profit taking. I think it […]
Global Coal Production Hits Record High In 2023: Key Trends And Insights 
                    
 
 

Global Coal Production Hits Record High In 2023: Key Trends And Insights    

OverviewIn 2023, global coal production reached a record high of 179 exajoules (EJ), surpassing the previous year’s peak. The Asia Pacific region contributed nearly 80% of the global output, primarily driven by Australia, China, India, and Indonesia, which together accounted for 97% of the region’s production. depositphotos Notably, China alone produced just over half of the world’s […]
The Market Is Starting To Price In A Recession, The Magnificent 7 Are Played Out

The Market Is Starting To Price In A Recession, The Magnificent 7 Are Played Out

The narrative over the last few weeks has been that the defeat of inflation will allow The Fed to cut rates in September has resulted in a rotation out of Mega-Cap Tech (QQQ) and into Small Caps (IWM) which will benefit more from lower rates resulting in a healthy broadening out of the rally. depositphotos I have […]