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Nasdaq 100 & S&P 500 Elliott Wave Update – Wednesday, Sept 25

Nasdaq 100 & S&P 500 Elliott Wave Update – Wednesday, Sept 25

Image Source: PixabayAgain, tight(er) trading ranges again on Wednesday as the market continues to IMHO prepare for Friday’s and Monday’s expirations. Monday being a quarterly expiration with the rolling of the JPM collar. Both the ES and NQ continue to make new highs – ATHs in the ES. My expectation for the next few sessions is […]
Elliott Wave Technical Analysis: Uniswap Crypto Price News For Thursday, Sept 26

Elliott Wave Technical Analysis: Uniswap Crypto Price News For Thursday, Sept 26

Image Source: PexelsElliott Wave Analysis TradingLounge Daily ChartUniswap/ U.S. dollar(UNIUSD)UNIUSD Elliott Wave Technical AnalysisFunction: Counter trend    Mode: CounterStructure: Double CorrectivePosition: Wave (Y)Direction Next higher Degrees: wave ((E)) of TriangleWave Cancel invalid Level: Details: Movement within the Triangle pattern May is complete and the price increase again.Uniswap/ U.S. dollar(UNIUSD)Trading Strategy: It looks like the wave ((E)) correction is complete and the price […]
Q3 Earnings Season: A Look Ahead

Q3 Earnings Season: A Look Ahead

Image Source: Unsplash Estimates for 2024 Q3 have come down since the start of the period, with the magnitude of estimate cuts significantly bigger than what we had seen in the comparable periods of the year’s first two quarters. This negative shift in the revisions trend reverses the prior favorable development on this front in recent […]
Time To Buy META Stock As It Nears All-Time Highs?

Time To Buy META Stock As It Nears All-Time Highs?

Image Source: UnsplashMeta Platforms (META – Free Report) stock has now soared over +60% this year, hitting all-time highs of $576 a share on Wednesday. Surely investors are wondering if another leg higher is in store for the social media pioneer’s stock.To address the plausibility of such, let’s see what’s been moving Meta’s stock higher and gauge if […]
The New MU Revue

The New MU Revue

Image Source: UnsplashThe stock that’s on fire (in a bullish way) after hours is Micron (MU) which, on the heels of strong earnings, is up nearly 15%.I am delighted to report I have absolutely no position in this beast, but I’ve just got to say, let’s keep an eye on this one Thursday morning. I’m not sure if I’ve ever traded […]
Australian Dollar Receives Support From Divergent Policy Outlooks Between Central Banks

Australian Dollar Receives Support From Divergent Policy Outlooks Between Central Banks

Image Source: Unsplash The Australian Dollar gains ground as the RBA and Fed adopt different policy outlooks. The Reserve Bank of Australia is highly expected to keep interest rates unchanged in the near future. The US Federal Reserve may deliver more rate cuts by the end of this year. The Australian Dollar (AUD) retraces its recent […]
Microsoft Dividend Increase

Microsoft Dividend Increase

Image Source: UnsplashOn 17 September, Microsoft (MSFT) increased its quarterly dividend by 10.67%, from 75¢ to 83¢ per share.The dividend will be paid on 12 December to shareholders of record on 21 November. The ex-dividend date is 21 November.MSFT’s contribution to DivGro’s projected annual dividend income will increase by $25.60 to $265.60.I own 80 shares of MSFT at an average […]
Diffusion Indexes For August

Diffusion Indexes For August

Image Source: PexelsCFNAI and state-level coincident indices suggest softening in activity.Figure 1: CFNAI diffusion index (blue, left scale), and coincident index diffusion index for 3 month changes (tan, right scale). NBER defined peak-to-trough recession dates shaded gray. Source: Chicago Fed via FRED, and Philadelphia Fed, NBER.Note that CFNAI diffusion index reading of -0.17 is above the -0.35 […]
Defensive Posture: Dump Financials, Stock Up On Utilities And Tech

Defensive Posture: Dump Financials, Stock Up On Utilities And Tech

Image Source: UnsplashIf you didn’t know any better, looking at the market this afternoon, you’d think “Hm. Quiet. No volume.” And you’d be right… but this market is going to wake up.How do I know? You can tell a lot by following the flow of cash out of one sector and into another. Go figure.Right now […]
Economic Data Under The Microscope, But Surveys May Be Skewed By Politics

Economic Data Under The Microscope, But Surveys May Be Skewed By Politics

Image Source: PexelsMARKETSU.S. stocks took a hiatus from record highs as the financial markets hit the pause button ahead of Friday’s big inflation data drop. The initial euphoria from the Fed’s jumbo rate cut is fading, and all eyes are now on the economy, with every macro tidbit under a microscope. Investors are weighing whether the […]