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Elliott Wave Technical Analysis: Reliance Industries Stocks

Elliott Wave Technical Analysis: Reliance Industries Stocks

Image Source: PexelsRELIANCE INDUSTRIES – RELIANCE (1D Chart) Elliott Wave / Technical Analysis: Function: Corrective Lower (Intermediate degree, orange.)  Mode: Corrective  Structure: Zigzag  Position: Minute Wave ((ii)) Grey.  Details: Minute Wave ((ii)) Grey could be complete around 3050. Minute Wave ((iii)) lower underway against 3220 Invalidation point: 3220Reliance Industries Daily Chart Technical Analysis and potential Elliott Wave Counts: Reliance Industries daily chart suggests a meaningful top is in place at 3220 in July 2024. Minute Wave ((v)) of […]
Domestic Factory Orders And Production Vs. Real Imports As Economic Forecasting Tools

Domestic Factory Orders And Production Vs. Real Imports As Economic Forecasting Tools

Image Source: PexelsOver the past year, I have downgraded the importance of manufacturing indicators as a forecasting tool for the economy as a whole. This post explores why, and suggests a revised tool that may be a helpful short leading indicator.On Monday, durable goods orders rebounded sharply in July from their abrupt June decline. Still, as […]
AUD/USD Price Forecast: Uptrend Proceeds To Fresh Highs For August

AUD/USD Price Forecast: Uptrend Proceeds To Fresh Highs For August

Image Source: Unsplash AUD/USD continues rising in line with the dominant uptrend.  The RSI is showing bearish divergence with price, however, warning of a possible pull back. AUD/USD extends its rally and makes higher highs as it continues the uptrend it began at the start of August. The pair reached a new monthly high of 0.6813 on […]
Super Short Success With Super Micro

Super Short Success With Super Micro

Image Source: UnsplashWell, this was one of my greatest calls ever (or greatest puts, I suppose). If you’re curious if I ever mentioned SMCI as a short-sale candidate, you could drench yourself in the posts I wrote about it. It is collapsing under the weight of fraud accusations (which is the typical bull modus operandi; equity bulls are innately criminal). I have never shut up […]
Stocks To Watch Today: SJM, Berkshire Hathaway, And SMCI

Stocks To Watch Today: SJM, Berkshire Hathaway, And SMCI

Image Source: UnsplashIn a volatile day of trading, three notable stocks are making headlines for vastly different reasons. The J.M. Smucker Company (SJM) has slashed its annual outlook amid inflationary pressures, while Super Micro Computer (SMCI) is reeling from a short-seller report and delayed financial filing. Meanwhile, Warren Buffett’s Berkshire Hathaway (BRK-A) has achieved a historic milestone, becoming the […]
Subtle NVDA Earnings Hint

Subtle NVDA Earnings Hint

Image Source: UnsplashS&P 500 tried to break down early in the session, and so did Nasdaq – but the given 5,615 level held, and amid financials leadership (another up day with JPM up is as good as it gets), it‘s the SMH reversal and late session buying that reveal important signs about positioning for NVDA earnings after […]
3 High-Growth Stocks Poised To Double By Next Year

3 High-Growth Stocks Poised To Double By Next Year

No one can deny that investing in growth stocks has been one of the most profitable strategies in 2024. Buying and holding certain companies (think those involved in AI) have provided investors with fabulous returns that easily outperform the broader market. depositphotos While not all growth stocks are the same, finding the right one can transform a “would-be” […]
Bitcoin eyes $61,500 after bouncing back from key support test

Bitcoin eyes $61,500 after bouncing back from key support test

Key Takeaways Bitcoin successfully tested $58,000 support, potentially targeting $60,500-$61,500 range. US spot Bitcoin ETFs experienced $127 million in outflows following the price drop. Share this article Bitcoin (BTC) is successfully testing weekly key support despite quickly crashing to the $58,000 price level on Aug. 27. According to the trader identified as Rekt Capital, a […]
Copper Commodity Elliott Wave Technical Analysis 1

Copper Commodity Elliott Wave Technical Analysis 1

Copper Elliott Wave AnalysisCopper prices have been in a pronounced downward trend since peaking in May 2024, marking a significant reversal in the market. From May 21st, 2024, the metal has shed nearly 18% of its value. This decline has unfolded despite a recent bounce, which appears to be a corrective phase within the broader context of a […]
Warren Buffett Continues Dumping BofA Shares

Warren Buffett Continues Dumping BofA Shares

Warren Buffett’s ongoing liquidation of his Bank of America (BAC) stake comes right before the Federal Reserve’s expected start of the interest rate-cutting cycle in mid-September. Additionally, Buffett has halved his Apple (AAPL) holdings and amassed a record amount of cash. At 93, it seems the billionaire investor is bracing for a rough patch in the US economy.  depositphotos Buffett’s Berkshire Hathaway […]