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Elliott Wave Analysis & Trading Strategies For S&P 500, Nasdaq, ASX & Global Indices

Elliott Wave Analysis & Trading Strategies For S&P 500, Nasdaq, ASX & Global Indices

Image Source: PexelsStock Market Indices Overview: S&P 500, Nasdaq 100, RUSSELL 2000, DAX 40, FTSE 100, ASX 200. Featuring Elliott Wave Technical AnalysisElliott Wave Analysis Indices: Considering Indices correcting in Intermediate Wave (2) The SP500 and Nasdaq have different tops for Wave (1) however I will bring their Wave (2) together to complete at the same […]
“Bull Trap” After Just One Day

“Bull Trap” After Just One Day

Image Source: PixabaySo much for the bullish outlook as bears made their presence felt. The biggest loss was in the Semiconductor Index as it lost nearly 8% to close just above its 200-day MA. In addition, the latter index dropped below the stochastic mid-line, having struggled to return above the key divide between bullish and bearish […]
September Is Showing Us Just How Rough It Can Be

September Is Showing Us Just How Rough It Can Be

Image Source: PixabayI guess the “animal spirits” wanted to make sure we were paying attention after the three-day holiday weekend…September is historically one of the weakest, and by some measures the weakest, months for stocks. They’ve managed September gains only around 41% of the time going all the way back to 1897.Today we got a taste […]
Construction Spending Growth Slows In May, Stops In June, Negative In July

Construction Spending Growth Slows In May, Stops In June, Negative In July

Image source: PixabayCommercial real estate spending is down for the 10th consecutive month. Most other sectors joined the slump in July.Construction spending data from Census Department, chart by MishThe monthly Construction Spending report shows a downturn in most construction categories.Total Construction Construction: Total spending during July 2024 was estimated at a seasonally adjusted annual rate of $2,162.7 billion, […]
Resurgence Of Growth Fears

Resurgence Of Growth Fears

Image Source: PixabayMARKETSJust like clockwork, give investors a reason to sell near record highs, and they’ll jump on it. As the story goes, September is seasonally a weak month for equities. Still, if you buy into that kind of seasonal crystal ball, you’re probably giving Wall Street too much credit for being predictable.The real story here […]
Stocks And Precious Metals Charts – The Overreach Of Power And Privilege

Stocks And Precious Metals Charts – The Overreach Of Power And Privilege

Image Source: UnsplashStocks took a deep dive today, as September brings the long-anticipated rinse.Gold and silver were hit hard, but managed to take back a little as the day wore on.VIX spiked higher.The Dollar chopped around, finishing with a minor gain.Even though stocks rebounded a bit off their deep bottom, prices failed to regain any significant […]
Semis Slaughtered As September Starts Off With Carnage Everywhere

Semis Slaughtered As September Starts Off With Carnage Everywhere

Yesterday, when we observed that the Labor Day holiday had spared US markets from a selloff that spread across the rest of the world on the first trading day of September, we said that we had a bad feeling about today.And boy were we right: traditionally the worst month for stocks, bonds, gold and bitcoin, September started off […]
National Bank Of Poland Governor’s Tone To Marginally Soften From July

National Bank Of Poland Governor’s Tone To Marginally Soften From July

Image Source: PexelsEconomic recovery is progressing on the back of buoyant consumption, while inflation remains elevated. The Monetary Policy Council suggests it may be more open to debate on rate cuts in 2025, especially if the government extends measures to contain electricity price increases next year. We see room for 100bp of rate cuts in 2025.In second […]
The S&P 500 Drops With Support Levels Now In Question

The S&P 500 Drops With Support Levels Now In Question

Image Source: PexelsThe S&P 500 is being led lower today, with support being tested while being dragged down by Nvidia and other chip stocks.Video Length: 00:07:14More By This Author:September Could Be Rough For The MarketThe Market May Be In For A Jolt Of Reality This WeekThe Market Jumps Early, Only To Give Back All Of The […]
Cloud Stocks: Nvidia Still On A Roll Amid Rising Competition

Cloud Stocks: Nvidia Still On A Roll Amid Rising Competition

Image Source: PixabayNVIDIA (NVDA) last week reported its second-quarter results which beat all estimates. However, after three straight quarters of revenue growth above 200%, its growth of 122% seems a tad disappointing and its shares fell 8% in extended trading. This is a slight pullback after an astronomical rally following the AI boom. Its stock has […]