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Coal India Ltd Stocks Elliott Wave Technical Analysis – Tuesday, September 24

Coal India Ltd Stocks Elliott Wave Technical Analysis – Tuesday, September 24

COAL INDIA LTD – COALINDIA (1D Chart) Elliott Wave Technical AnalysisFunction: Counter Trend Lower (Minor degree, Grey)Mode: CorrectiveStructure: Potential impulse within larger degree correctionPosition: Lower degree Wave ((iv)). Not labelled on daily chartDetails: As discussed earlier, the alternative count might have turned the preferred one with potential top in place around 550, termination of Intermediate Wave (5) Orange. If […]
MU Looks Interesting Ahead Of Earnings Wednesday Afternoon

MU Looks Interesting Ahead Of Earnings Wednesday Afternoon

Chip maker Micron (MU) was one of the best performing semiconductor stocks heading into its June earnings report – up 118% over the previous 12 months, trailing only NVDA among stocks in the Philadelphia Semiconductor Index over the period. Since then – however – the stock has plunged 39%, far beyond the correction seen in […]
US Consumer Confidence Plunges Most In 3 Years As Labor Market Weakens Significantly

US Consumer Confidence Plunges Most In 3 Years As Labor Market Weakens Significantly

Thanks to a plunge in ‘Present Situation’, The Conference Board’s Consumer Confidence index tumbled back near the lows of the last three years. Present situation confidence fell to 124.3 vs. 134.6 last month Consumer confidence expectations fell to 81.7 vs. 86.3 last month Source: Bloomberg That snapped the headline print down to 98.7 from 105.6 – the biggest MoM drop since […]
Pennant Finds Profits In Senior Healthcare And Hospice

Pennant Finds Profits In Senior Healthcare And Hospice

The Chart of the Day belongs to the senior healthcare and hospice company Pennant Group (PNTG) . I found the stock by using Barchart’s powerful screening functions to find stocks with the highest technical buy signals, highest Weighted Alpha, superior current momentum and having a Trend Seeker buy signal then used the Flipchart feature to review the charts […]
WTI Crudeoil Commodity Elliott Wave Technical Analysis – Tuesday, September 24

WTI Crudeoil Commodity Elliott Wave Technical Analysis – Tuesday, September 24

WTI Elliott Wave AnalysisAs we approach the latter part of September 2024, coffee is currently retracing following the sell-off that began in late June. While this retracement may extend further, the long-term bearish cycle appears poised to push prices below the lows established in May 2023, potentially reaching levels last seen in mid-2021.From a long-term perspective, WTI is […]
SPY Readying A Push

SPY Readying A Push

S&P 500 produced a tight range day – no news or catalyst for breakout or breakdown. Sectoral view doesn‘t allow me to decisively favor either side in the very near term as stocks have weathered the rise in yields so far very well. Confined to a range with bears unwilling to drive prices below 5,755, […]
Top finance leaders are finally allocating to crypto, says Bitwise CIO

Top finance leaders are finally allocating to crypto, says Bitwise CIO

Key Takeaways 70% of top financial advisors now own crypto in personal portfolios. Client allocations to crypto typically follow 6-12 months after advisors’ personal investments. Share this article Top financial advisors in the US are increasingly allocating to crypto assets in their portfolios, according to Bitwise CIO Matt Hougan. Speaking at Barron’s Advisor 100 Summit, […]
China Goes Big, And Market (Initially) Gives It The Benefit Of The Doubt

China Goes Big, And Market (Initially) Gives It The Benefit Of The Doubt

News of China’s multifaceted support measures have bolstered risk appetites today. The dollar is mostly softer and only the yen and Swiss franc among the G10 currencies have been unable to find traction against the greenback. Most emerging market currencies are also trading with a firmer bias. China’s measures include measures to support the stock […]
Oasys launches VersePort portal for easier blockchain gaming interactions

Oasys launches VersePort portal for easier blockchain gaming interactions

Key Takeaways Oasys launches VersePort portal to simplify access to ecosystem campaigns and activities. Major titles from SEGA and Ubisoft set to launch on Oasys blockchain platform. Share this article Gaming-focused blockchain Oasys has launched VersePort, a new portal site developed and operated by double jump.tokyo Co., Ltd. The platform aims to simplify access to […]
Bull Of The Day: Axis Capital Holdings

Bull Of The Day: Axis Capital Holdings

Axis Capital Holdings’ (AXS)  stock stands out among the Zacks Insurance-Property and Casualty Industry which is currently in the top 8% of over 250 Zacks industries.Providing a broad range of specialty insurance and reinsurance services, Axis Capital has a global reach through its operating subsidiaries that extend to markets in the US, Bermuda, Europe, Singapore, Canada, Latin […]