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Paint It Green

Paint It Green

Image Source: PixabayMy Sherwin Williams (SHW) long idea continues to go nicely.More By This Author:One Sparked, The Other PluggedGilding The LillyThe Curse Of The $SPX
In Honor Of Labor Day, Let’s Review BLS Job Revisions

In Honor Of Labor Day, Let’s Review BLS Job Revisions

Image Source: PexelsI have some new charts today on job revisions. Let’s discuss.Data from the BLS via the Philadelphia FedBLS Survey Background Every month, the BLS monthly payroll reports produce a preliminary estimate of nonfarm payrolls. The BLS does two monthly revisions of nonfarm payroll as well as annual revisions. The monthly report is also called […]
A Left-For-Dead Blue Chip Bounces Back: 3M

A Left-For-Dead Blue Chip Bounces Back: 3M

Image Source: UnsplashWith four months left in 2024, below is a look at the year-to-date performance of the 30 stocks in the Dow Jones Industrial Average. Would you believe that previously left-for-dead blue chip 3M (MMM) is currently the Dow’s best-performing stock of the year? With a gain of more than 50% YTD, MMM is just ahead of Walmart’s (WMT) […]
Why Is September Considered A Really Bad Month For Stocks?

Why Is September Considered A Really Bad Month For Stocks?

Image Source: PexelsFor nearly a century, September has cast a shadow over Wall Street, earning a reputation as the stock market’s worst-performing month. This phenomenon, dubbed the “September Effect,” has intrigued investors and analysts alike, prompting debates about its validity and impact on trading strategies. September Effect and the Stock Market  Since 1928, the S&P 500 […]
Asia Open: Navigating A Seasonally Gloomy Tunnel

Asia Open: Navigating A Seasonally Gloomy Tunnel

Image Source: PexelsMARKETSNorth American investors return from the long weekend holiday to a less-than-welcoming market, stepping into a seasonally gloomy tunnel with the year’s most crucial jobs report looming large. This report is set to draft the Fed’s policy script for 2024, and everyone’s hoping for a steady state affair with the numbers landing squarely in […]
September Could Be Rough For The Market

September Could Be Rough For The Market

Image Source: UnsplashStocks rallied into the close on Friday afternoon due to a $6.5 billion buy imbalance, which overwhelmed the market in an illiquid trading session ahead of the three-day weekend. As we have discussed, the market-on-close buy imbalance starts building around 2 PM ET, with the final size released at 3:50 PM ET. We can see […]
Australian Dollar Sees Green As Investors Gear For Important Week For Financial Markets

Australian Dollar Sees Green As Investors Gear For Important Week For Financial Markets

Image Source: Unsplash AUD/USD started the week on the right foot on a quiet Monday. Australia will release Q2 GDP data on Wednesday, which will be key. RBA Governor Bullock is expected to reiterate hawkish guidance on Thursday despite market expectations of a rate cut in December. The AUD/USD gained 0.30% in Monday’s session, advancing to […]
Gold Slides Below $2,500 Ahead Of Busy US Economic Docket

Gold Slides Below $2,500 Ahead Of Busy US Economic Docket

Image Source: Pixabay Gold prices fall during a quiet North American session with US markets closed for Labor Day. Upcoming US economic reports — ISM PMIs, JOLTS job openings, ADP Employment Change, and Nonfarm Payrolls — set to influence Fed rate decision. Fed Chair Powell at Jackson Hole noted that inflation was easing but increasing employment […]
Crude Oil Trying To Hold Steady At The Low End Of Near-Term Chop

Crude Oil Trying To Hold Steady At The Low End Of Near-Term Chop

Image Source: Pixabay WTI scrambled to keep afloat of $73.00 on Monday. Crude Oil markets are looking to see if Libya cuts balance OPEC boost. Declines in China business activity are also weighing on Crude Oil bids. West Texas Intermediate (WTI) US Crude Oil held roughly on-balance to kick off the new trading week, finding a […]
CrowdStrike Is Not Ready To Resume That Rally; Bull Trap Ahead

CrowdStrike Is Not Ready To Resume That Rally; Bull Trap Ahead

Image Source: UnsplashCrowdStrike Holdings, Inc. (CRWD) is an American cybersecurity technology company based in Austin, Texas. It provides cloud workload and endpoint security, threat intelligence, and cyberattack response services. CrowdStrike (CRWD) July 2021 Daily Chart  The chart above shows the daily view that we forecast 3 years ago. We were expecting to end an very important market cycle in the blue box area between 303.60 […]