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Nasdaq 100 & S&P 500 Elliott Wave Update – Monday, Sept 16

Nasdaq 100 & S&P 500 Elliott Wave Update – Monday, Sept 16

Image Source: PixabayNothing new to be adding to current analysis. Leaving me to update the charts on the rolls out to the December contract. The 3 potential scenarios laid out over the weekend remain valid and active. The markets are the moment are awaiting the FED decision on Wednesday.Video Length: 00:23:45More By This Author:Weekly Technical Update: […]
Gold Price Rises As Fed 50 Bps Rate Cut Expectation Intensify

Gold Price Rises As Fed 50 Bps Rate Cut Expectation Intensify

Image Source: Pixabay Gold prices rise as odds for a 50 bps Fed rate cut increase to 59%, supported by falling US Treasury yields. US Dollar Index (DXY) drops 0.36% to 100.74, boosting the non-yielding metal. Traders await US Retail Sales on Tuesday and housing data ahead of Fed decision and Jerome Powell’s press conference on […]
Four Stocks To Watch This Week – Monday, Sept 16

Four Stocks To Watch This Week – Monday, Sept 16

WiseTraders Weekly Watchlist: September 16, 2024 – September 20, 2024 A proper yo-yo week that turned on a dime late Wednesday morning.  Overall bias is bullish, but patchy and flaky are words that may also accompany the direction.  Here are four stocks to watch this week: KR (bullish) – An excellent earnings reaction, this grocer now needs to consolidate […]
The Fed “Train” Is Leaving The Station: Destination Unknown

The Fed “Train” Is Leaving The Station: Destination Unknown

Image Source: UnsplashThe markets are pricing in the first rate cut in more than four years. As of this writing, it looks like we can expect a 50-basis-point cut on Wednesday, with a 50% probability of a 1.25% cut by December.That’s fast… but what’s the hurry? Is the Fed that desperate to accommodate the mountain of […]
Bitcoin & Big-Tech Battered, Bonds & Black Gold Bid As Rate-Cut Expectations Soar

Bitcoin & Big-Tech Battered, Bonds & Black Gold Bid As Rate-Cut Expectations Soar

Image Source: PixabayA quiet macro day ahead of the coming storm with just soft-survey data hitting. But having said that US Empire Fed Manufacturing exploded higher (smashing expectations by six standard deviations in September, +11.5 vs -4.0 exp, vs -4.7 prior)…Source: BloombergHowever, it was the WSJ’s Greg Ip that prompted some chaos in markets with his weekend piece […]
When Tariffs Last Bloomed – Soybean Edition

When Tariffs Last Bloomed – Soybean Edition

Image Source: UnsplashOr, have US soybean exports recovered since Trump last reigned? Not in volumes.Source: Colusi, et al. (2024). Marking for trade war in 2018 by author.2023 exports are below 2017 levels. USDA forecast for 2024/25 marketing year (9/1/24-8/31/25) is 1.875 bn bushels, vs 1.6 bn bushels for 2023/24, or about 17% increase.More By This Author:Manufacturing: When Tariffs […]
Palisades Gold Interview: 13-Year Base In Gold Means Big Moves Ahead

Palisades Gold Interview: 13-Year Base In Gold Means Big Moves Ahead

Image Source: Pixabay Gary Savage highlights a potential 13-year gold base pattern and impending breakout, expecting prices to reach at least $7,000. Silver’s volatility could lead to larger proportional moves, reaching new all-time highs towards the end of the bull market. Significant move upwards in metals, invest in physical gold and silver before the anticipated breakout, […]
Our Conservative Cannabis Stock Portfolio Continues To Outperform

Our Conservative Cannabis Stock Portfolio Continues To Outperform

Image Source: UnsplashIf you would like to make an investment in the cannabis sector but are wary of the volatility it exhibits then consider the 5 tobacco, beer, and distiller/vintner companies that have major investments in the cannabis sector. Their stock performances are steady week after week – and month after month – and in the […]
Canadian Dollar Soften On Monday With CPI Data Around The Corner

Canadian Dollar Soften On Monday With CPI Data Around The Corner

Photo by Michelle Spollen on Unsplash The Canadian Dollar tilted into the red across the board on Monday. Canada delivers its latest CPI inflation data this week. A speech from BoC’s Macklem and Canadian Retail Sales data due on Friday. The Canadian Dollar backslid to kick off the trading week, falling into the low end on Monday across […]
5 Stocks Fueling Nasdaq ETF’s Best Week In 2024

5 Stocks Fueling Nasdaq ETF’s Best Week In 2024

Image Source: PexelsWall Street logged strong gains last week, with the Nasdaq Composite Index outperforming. The tech-heavy index climbed 5.9%, marking the best week of this year. Invesco QQQ (QQQ – Free Report), which serves as a proxy to the Nasdaq Index, gained 5.9% last week.We have highlighted the five stocks of QQQ that led the way higher in the […]