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Nasdaq 100 & S&P 500 Elliott Wave Update – Tuesday, Sept 24

Nasdaq 100 & S&P 500 Elliott Wave Update – Tuesday, Sept 24

Image Source: PexelsNot much to be added to the current analysis where I continue to run side by side two views both still needing additional upside. The determination of the next month’s direction will be put on hold while the markets work through either a shallow but clean wave 2 pullback or if a “C” 5-wave […]
Stocks Stall As Liquidity Continues To Be A Big Problem

Stocks Stall As Liquidity Continues To Be A Big Problem

Image Source: PixabayVideo Length: 00:12:19Market Analysis: NVIDIA’s Impact and Liquidity IssuesI wanted to start by discussing NVIDIA’s (NVDA) significant impact on the S&P 500 today. NVIDIA essentially accounted for all of the day’s gains in the S&P 500. We’re looking at a proxy for the S&P 500, which is the Bloomberg 500. This index shows that […]
Stocks And Precious Metals Charts – Land Of Illusion

Stocks And Precious Metals Charts – Land Of Illusion

Image Source: PexelsIt was up and away in the markets today.Stocks managed to pull together a rally after some initial sputtering.The big story was the breakouts in gold and silver.Yes the Dollar fell fifty cents.But gold and silver took off, rocketing higher as they broke out through resistance, and settled up at the highs in the […]
LEU: A Nuclear Power Play In A Market Set To Prosper From Fed Cuts

LEU: A Nuclear Power Play In A Market Set To Prosper From Fed Cuts

Image Source: UnsplashThe Federal Reserve voted to lower interest rates by half a percentage point, the first cut since 2020 and more than many expected. The overwhelming Fed board vote suggests more rate reductions are likely this year. Meanwhile, I continue to like the nuclear power play Centrus Energy Corp. (LEU)This Fed move was clearly somewhat baked […]
The Bulls Are Pressing The Bears As Stocks Consolidate Near All-Time Highs

The Bulls Are Pressing The Bears As Stocks Consolidate Near All-Time Highs

Image Source: PixabayStocks enjoyed a decent day as tech and semiconductors led the crowd to the upside.Gold hit new all-time highs and silver surged, which is just more confirmation that we’re on the right track to be bullish here. Interestingly, crypto benefited from a strong bid, too. Both metal and crypto miners continue to offer us […]
USD/JPY Price Forecast: Struggles At 144.00 Tumbles After Hitting Two-Week Peak

USD/JPY Price Forecast: Struggles At 144.00 Tumbles After Hitting Two-Week Peak

Image Source: Pixabay USD/JPY retreats after a two-week peak of 144.68, dragged down by declining US Treasury yields. Technical indicators maintain a bearish stance with the pair below the Ichimoku Cloud and 200-DMA, suggesting more declines. Key supports identified at the September 20 low of 141.73 and the September 16 low of 139.58. For a bullish […]
The Confidence Board Sends An Ominous Signal, But Nvidia And China Steady The Ship For Now

The Confidence Board Sends An Ominous Signal, But Nvidia And China Steady The Ship For Now

Image Source: UnsplashThe S&P 500 climbed to a new record high on Tuesday, brushing off a weak consumer confidence report, largely thanks to a surge in Nvidia (NVDAsxp). Still, broader markets moved in lockstep after Chinese stocks soared, thanks to a slew of bold moves by the Chinese central bank to prop up the world’s second-largest […]
DOJ files antitrust lawsuit against Visa

DOJ files antitrust lawsuit against Visa

Key Takeaways Visa controls over 60% of U.S. debit transactions, with the DOJ accusing it of using its dominance to stifle competition and raise fees. The DOJ accuses Visa of using restrictive agreements to maintain market dominance. Share this article The US Department of Justice (DOJ) has filed a civil antitrust lawsuit against Visa, alleging […]
A Grain Of Wisdom: S&P DJI Launches S&P GSCI Minneapolis Wheat And S&P GSCI Composite Wheat

A Grain Of Wisdom: S&P DJI Launches S&P GSCI Minneapolis Wheat And S&P GSCI Composite Wheat

Image Source: UnsplashWith Oktoberfest just around the corner, S&P DJI has announced the launch of the S&P GSCI Minneapolis Wheat and S&P GSCI Composite Wheat. S&P DJI recently acquired the rights to the Minneapolis Grain Exchange (MGEX), on which Minneapolis Wheat futures contracts are primarily traded.Minneapolis Wheat is one of the three most actively traded wheat futures contracts in […]
Let There Be Darkness

Let There Be Darkness

Image Source: UnsplashTM Editors’ note: This article discusses a penny stock and/or microcap. Such stocks are easily manipulated; do your own careful due diligence.Lumen Technologies (LUMN) has been benefiting massively from the AI fad in recent months, as it has exploded over 600% since July 9!!!!!!!! This is after having endured almost total destruction. I’d say […]