October 2024 - Page 127 of 130 -

ISM Manufacturing Contracts 6th Month, 22nd Time In 23 Months

Oct 01, 2024 Jeremy Parkinson Finance 0

ISM chart and excerpts below by permission from the Institute for Supply Management® ISM® Please consider the September 2024 Manufacturing ISM® Report On Business® emphasis mine. The report was issued today by Timothy R. Fiore, CPSM, C.P.M., Chair of the Institute for Supply Management® (ISM®) Manufacturing Business Survey Committee. U.S. manufacturing activity contracted again in September, and at the […]

Hang Seng Index – Elliott Wave Technical Analysis

Oct 01, 2024 Jeremy Parkinson Finance 0

Hang Seng Index Elliott Wave Analysis (Daily Chart)FUNCTION: Trend MODE: Impulsive STRUCTURE: Gray Wave 3 POSITION: Orange Wave 3 DIRECTION (Next Lower Degrees): Gray Wave 4 DETAILS: Gray Wave 2 completed; Gray Wave 3 in progress Wave Invalidation Level: 16,928.83The Hang Seng Index Elliott Wave analysis for the daily chart suggests an impulsive trend, indicating strong directional movement. The structure currently under analysis is Gray Wave 3, part […]

Car Market Collapse Sends Major Warning To The Economy

Oct 01, 2024 Jeremy Parkinson Finance, No picture 0

Image Source: Unsplash Car stocks got clobbered as the global auto industry is heading for a major fall. There was a flood of announcements from carmakers all over the world this weekend as carmakers are facing very difficult choices. The fallout from the growing reverse will be profound given how important a rising auto market had […]

Biotech Stocks : Are You A Trader Or A Longer Term Investor?

Oct 01, 2024 Jeremy Parkinson Finance 0

Image Source: Unsplash BIOTECH SMID Trading List Tracking ETFs: ARGX, IBB, and XBI performance are indicative of “risk-off /on” momentum. Biotech Bull market is intact as indicated by large cap biopharma and best performing Funds: FBIOX, JFNAX and PRHSX. Biotech stocks can rally from here if SMID stocks can move ahead with fresh funding and more M&A. If you have […]

Bitcoin’s Uptober Potential: Another Rally In The Cards?

Oct 01, 2024 Jeremy Parkinson Finance, No picture 0

Image Source: Unsplash Except for 2022, the month of October since 2020 has seen Bitcoin’s price swing up over 27% from the beginning to the end of the month. Over the last 10 years, Bitcoin gained just over 21% on average in October, earning its moniker Uptober. November typically follows with even greater average gains of […]

Four Stocks To Watch This Week – Tuesday, Oct. 01

Oct 01, 2024 Jeremy Parkinson Finance 0

WiseTraders Weekly Watchlist: October 01, 2024 – October 04, 2024 A flat week that was anticipated, one notable event was China’s stimulus package announcement, which sent China-related stocks soaring. Most of these stocks surged without prior consolidations or warning signs. This week, we anticipate some retracement, likely a temporary pullback. Further upside may follow, potentially as the upcoming […]

Softs Report – Tuesday, Oct. 1

Oct 01, 2024 Jeremy Parkinson Finance, No picture 0

COTTON General Comments: Cotton was higher yesterday as continued stressful weather was seen in the south. There are still ideas of weaker demand potential against an outlook for improved US production in the coming year. There have been demand concerns about Bangladesh and China and ideas are that production is strong enough. However, Chinese demand […]

Eurozone Inflation Falls Below Target As The ECB Mulls Faster Easing

Oct 01, 2024 Jeremy Parkinson Finance 0

Image Source: Pixabay The ECB knew that this inflation print would come in weak as President Christine Lagarde mentioned at the September press conference but it still came in a tad weaker than most analysts had expected. While a bounce back in the fourth quarter has been expected, the question is to what extent this can materialise as petrol […]

Silver Records Historic Quarterly Close, Gold Hits Major Resistance

Oct 01, 2024 Jeremy Parkinson Finance 0

This week, we’ll look at gold and silver and see that each are at some very interesting inflection points. Starting with silver, we see that it has just closed the quarter at $31.14, its highest close in 12 years and its 5tth highest quarterly close of all time! Silver is up about 65% off its quarterly low […]

Pinduoduo – Major Chinese Turnaround Play

Oct 01, 2024 Jeremy Parkinson Finance, No picture 0

Image Source: Unsplash Summary Pinduoduo shows strong technical indicators: 8% buy signals, 24.14+ Weighted Alpha, 37.83% annual gain, and a Trend Seeker buy signal since 9/27.. PDD Holdings, based in Dublin, operates Pinduoduo and Temu, focusing on digital economy integration with a market cap of $186 billion and a P/E of 13.94. Wall Street analysts are […]