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Polygon begins migration from MATIC to POL, boosting its ‘hyperproductive’ utility

Polygon begins migration from MATIC to POL, boosting its ‘hyperproductive’ utility

Key Takeaways POL token now primary for gas and staking in Polygon network. Community can earn fees from multiple sources with POL. Share this article Polygon has executed a key technical upgrade, converting its native MATIC cryptocurrency to the new POL token on a 1:1 basis. The upgrade, effective September 4, aims to enhance the […]
PaloAlto Networks Inc. – Elliott Wave Technical Analysis

PaloAlto Networks Inc. – Elliott Wave Technical Analysis

PANW Elliott Wave Analysis Trading Lounge Daily Chart, depositphotos PaloAlto Networks Inc., (PANW) Daily Chart PANW Elliott Wave Technical AnalysisFUNCTION: Trend MODE: Impulsive STRUCTURE: Motive POSITION: Minor 1 of (5). DIRECTION: Upside into wave 1.  DETAILS: Looking for a resumption of the uptrend after what appears to be a three wave move into wave (4), as we currently stand between TL3 and 400$.  PANW Elliott Wave Analysis Trading Lounge 1H Chart,PaloAlto Networks Inc., 1H Chart PANW Elliott Wave Technical AnalysisFUNCTION: Trend MODE: […]
The Bear Case: Bull Flag Failure!

The Bear Case: Bull Flag Failure!

Market Update (Sep 4 2024) There was a spike of the supply level in conjunction with a bearish commitment below the bull flag support at 5580. This is likely the overdue test of the previous down swing from 17 Jul-5 Aug. A complex trading range as discussed in the video is still unfolding. During a […]
ETHBTC Is Sitting At Strong Monthly Support

ETHBTC Is Sitting At Strong Monthly Support

The crypto market slowed down recently, but it’s probably just a correction within an uptrend, especially if we consider a larger summer consolidation that can send Crypto market higher at the end of 2024. Well, ALTcoins are currently suffering more because Bitcoin keeps dominating, but we believe that BTC dominance might slow down and ALTcoin dominance kick […]
Dollar Consolidates As Stocks Melt

Dollar Consolidates As Stocks Melt

The sharp losses in global equities are dominating today’s market developments. Yesterday’s 2.1% loss of the S&P 500 and 3.25% drop in the Nasdaq were the largest since carry-trade unwind climaxed on August 5. depositphotos They have fallen more today and are poised to gap lower at the opening. Asia Pacific shares tumbled, led by Taiwan’s 4.5% […]
Current Report: Firm Capital Mortgage

Current Report: Firm Capital Mortgage

Firm Capital Mortgage Investment Corp (FCMGF) is a Canadian financial provider. It acts as a non-bank lender providing residential and commercial short-term bridge and conventional real estate financing, including construction, mezzanine, and equity investments. depositphotos The company provides construction, equity and conventional real estate finance for include residential houses, small multi-family residential properties, mixed-use residential and others […]
Ignore The Siren Song Of Gold Mining Shares

Ignore The Siren Song Of Gold Mining Shares

GOLD WILL CONTINUE TO OUTPERFORM MINING SHARESNo amount of wishful thinking and baseless proclamations will change that. Owning gold stocks (miners) instead of the actual physical metal (in other words, processed and refined with appropriate hallmarks and in tradable form) is a losing bet. depositphotos The recent move up in the miners was reversed sharply today. Before […]
Postcards: Yes, The Market Game Is Rigged – The S&P 500 Goes Red For An Hour

Postcards: Yes, The Market Game Is Rigged – The S&P 500 Goes Red For An Hour

Market Update: We were RED across the board heading into the final hour but look for institutions to do some bidding into the final hour. Massive outflows today and an explosion in the VIX. It is time to pay close attention to the oversold levels of the RSI and MFI on the S&P 500 Index. This selloff […]
British Pound/Japanese Yen Forex Elliott Wave Technical Analysis 1

British Pound/Japanese Yen Forex Elliott Wave Technical Analysis 1

GBPJPY Elliott Wave Analysis Trading Lounge Day Chart depositphotos British Pound/Japanese Yen (GBPJPY) Day ChartGBPJPY Elliott Wave Technical Analysis Function: Counter Trend Mode: Impulsive as C Structure: Gray Wave C Position: Orange Wave 4 Direction (Next Higher Degrees): Orange Wave 5 Details: Gray Wave B of 4 appears completed, and now Gray Wave C of 4 is in […]
Business Cycle Indicators As Of September’s Start

Business Cycle Indicators As Of September’s Start

Including monthly GDP out today from S&P Global Market Insights, and preliminary benchmark NFP:  Figure 1: Nonfarm Payroll (NFP) employment from CES (bold blue), implied NFP from preliminary benchmark (bold blue), civilian employment (orange), industrial production (red), personal income excluding current transfers in Ch.2017$ (bold green), manufacturing and trade sales in Ch.2017$ (black), consumption in Ch.2017$ (light […]