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S&P 500 Elliott Wave Weekly Update

S&P 500 Elliott Wave Weekly Update

  ↵Image Source: Pixabay This week, I start with a quick review of the larger picture off of the 3 year weekly chart. The S&P continues to progress along the path to complete either minute “b” of Minor 4 or minuet 1 of minute wave 3 of Minor 5. The market has been building with anticipation for […]
Gold Surely Soaring; Stock Market Warning

Gold Surely Soaring; Stock Market Warning

Soaring indeed has been our Gold:year-to-date, price has risen from last year’s settle at 2072 to as high as 2709 this past Thursday, to then settle the week yesterday (Friday) at 2681.That is a net year-to-date gain of +29.4% to keep Gold on the podium per our BEGOS Markets Standings thus far for 2024: Moreover, […]
Will Stocks Melt-up To S&P 6000+ Soon?

Will Stocks Melt-up To S&P 6000+ Soon?

Image Source: Pexels In the wake of interest rates cuts now coming from the Federal Reserve, the ECB and the Bank of China, could the stock market experience a melt-up to S&P 600 — or higher — by the end of the year?Portfolio manager Lance Roberts thinks it’s quite possible, especially given stocks’ recent technical breakout.We […]
Starlink Hits 4 Million Users As Elon Musk Leads Space Race

Starlink Hits 4 Million Users As Elon Musk Leads Space Race

Image Source: Pixabay SpaceX’s Starlink satellite internet network has reached a major milestone, surpassing 4 million users across 100 countries. This achievement raises a key question: How soon will Elon Musk debut Starlink on public markets via an initial public offering?“This week, by the way, we will pass 4 million customers for Starlink, which is quite exciting,” Starlink President Gwynne […]
Looking At The CoT Report: Who’s Buying What

Looking At The CoT Report: Who’s Buying What

Following futures positions of non-commercials are as of September 24, 2024.10-year note: Currently net short 1,025.3k, down 68.7k.In August, headline and core PCE, which is the Federal Reserve’s favorite inflation metric, increased 2.24 percent and 2.68 percent, in that order. Back in 2022, they were growing at four-decade highs of 7.25 percent (June) and 5.65 […]
The Great Confidence Dichotomy – Consumers Vs. Investors

The Great Confidence Dichotomy – Consumers Vs. Investors

Technically BullishLast week, we noted “that from a purely technical perspective, the market remains on a bullish buy signal and has not become grossly overbought. On Friday, the market retested the breakout of the previous highs and held. Next week, if the market can hold these levels without breaking that support, the breakout will be […]
Economic Data Forecasts For The Weeks Of Sept. 30 & Oct. 7

Economic Data Forecasts For The Weeks Of Sept. 30 & Oct. 7

Here are my forecasts for upcoming economic data.         Forecast Prior       Observation           Week of September 30       September 30       Chicago PMI – September 46.1% 46.1   Dallas Fed Manufacturing Index -10 -9.7           October 1 […]
Nasdaq Analysis Today – Saturday, September 28

Nasdaq Analysis Today – Saturday, September 28

In this video I cover my forex forecast technical analysis for the Nasdaq and for the week ahead. What is the outlook and setups I am looking to trade.Video Length: 00:03:03  More By This Author:Gold Trading Strategy, XAUUSD Analysis & Forecast – Friday, Sept 27 Gold Trading Strategy, XAUUSD Analysis & Forecast – Thursday, Sept 26 […]
A Story Worth Going Nuclear Over?

A Story Worth Going Nuclear Over?

Image Source: UnsplashMarch 28, 1979 was a very big day with very big consequences. The year had already begun on a significant note, with the U.S. and China commencing diplomatic relations on Jan. 1. The Iranian Revolution finally pushed Shah Mohammad Reza Pahlavi into exile on Jan. 16. And the waning USSR performed a scheduled underground nuclear test the […]
This Little-Known ETF Strategy Could Be Your Ticket To Big Gains—Here’s The Setup

This Little-Known ETF Strategy Could Be Your Ticket To Big Gains—Here’s The Setup

The RSPT ETF (or QQQE as alternative), known for its equal-weight technology holdings, may not always be the most thrilling ticker on the market, often appearing stagnant in percentage movements. However, there’s more beneath the surface for savvy traders who understand how to leverage reward-to-risk ratios.For those willing to take a closer look, RSPT offers […]