October 2024 - Page 150 of 244 -

United Health Group Inc. Stock Elliott Wave Technical Analysis – Monday, October 14

Oct 14, 2024 Jeremy Parkinson Finance 0

UNH Elliott Wave Analysis Trading Lounge Daily Chart,United Health Group Inc.,(UNH) Daily ChartUNH Elliott Wave Technical AnalysisFUNCTION: TrendMODE: ImpulsiveSTRUCTURE: MotivePOSITION: Minor wave 5DIRECTION: Upside within wave 3.DETAILS: Looking for a bottom in wave 4 to be in place or near completion and consequently further upside towards MediumLevel at 650$. United Health Group Inc., (UNH) 1H ChartUNH Elliott Wave […]

Copper’s Not-So-Hidden Signal For Gold

Oct 14, 2024 Jeremy Parkinson Finance 0

The markets don’t move in a straight line – they correct every now and then and that’s normal.This appears to be taking place in gold and mining stocks right now. It’s not only a general tendency for the markets to correct in this way that should one doubt the healthiness of the current “upswing” in […]

Robust S&P 500 Buybacks Could Be Staring Into Interesting Dynamics Next Year

Oct 14, 2024 Jeremy Parkinson Finance 0

The S&P 500 continues to break out to new – and newer – highs. Buybacks have provided a sustained tailwind, although interesting dynamics are in play for next year. Yet another week, yet another record and yet another breakout!Last Wednesday, the S&P 500 staged a fresh breakout at 5760s, followed by Thursday’s successful doji retest, […]

The Energy Report: In The Bunker – Monday, October 14

Oct 14, 2024 Jeremy Parkinson Finance, No picture 0

Oil prices are going down in the bunker with Iranian President Masoud Pezeshkian who will soon enter the “strongest bunker in the world” alongside Supreme Leader Ali Khamenei according to reports. Risk premium in oil is being reduced as Install has not bombed Iran’s nuclear facilities, yet.Iran’s leadership is scared. Israeli Broadcasting Authority: reported that […]

Global Rig Counts Show Stability With Regional Variations: Potential Mixed Impact On Crude Oil Prices

Oct 14, 2024 Jeremy Parkinson Finance 0

The rig count data provides insights into the number of active drilling rigs in each country, which can be an indicator of future crude oil production levels. Here’s a breakdown of the implications for crude oil prices based on the given data: Overall Stability with Minor Adjustments: Most countries show stable or minor changes in […]

AUD/USD Declines On Negative Outlook For Trading Neighbor China

Oct 14, 2024 Jeremy Parkinson Finance, No picture 0

AUD/USD manages to claw back some of its earlier losses and climbs into the 0.6730s on Monday after trading down to 0.6700 following the release of weak Chinese export data, which negatively impacted the Australian Dollar (AUD) due to the two country’s close trade ties.China Exports in September declined to 2.4% YoY from 8.4% previously and […]

NASDAQ Index Elliott Wave Technical Analysis – Monday, October 14

Oct 14, 2024 Jeremy Parkinson Finance 0

NASDAQ Elliott Wave Analysis Trading Lounge Day ChartNASDAQ Elliott Wave Technical Analysis Function: Trend Mode: Impulsive Structure: Navy Blue Wave 3 Position: Gray Wave 3 Direction (Next Lower Degrees): Navy Blue Wave 4 Details: Navy Blue Wave 2 completed, Navy Blue Wave 3 in play Wave Cancel Invalid Level: 18,295.9 Analysis OverviewThe NASDAQ Elliott Wave analysis on the daily chart suggests the market […]

USD/JPY Analysis: Caution Amid Overbought Conditions

Oct 14, 2024 Jeremy Parkinson Finance 0

Despite US inflation figures exceeding consensus and hawkish comments from Fed policymakers failing to give the US dollar a new upward momentum, suggesting that the October rally is fading, the yen’s recent weakening. However, the Bank of Japan’s abandonment of its tightening stance have given bulls an opportunity to push the USD/JPY pair towards the […]

Dollar Firm, China Briefing Light On Details, And Its Data Remain Poor

Oct 14, 2024 Jeremy Parkinson Finance 0

Image Source: DepositPhotosBusiness travel will prevent the updating of the blog in the coming days. It resumes October 19 with the Week Ahead. Overview: The lack of details from China’s fiscal briefing, the soft CPI (and deeper PPI deflation), and a smaller than expected trade surplus did not prevent Chinese equities from advancing (CSI 300 +1.9%). […]

Bitcoin breaks $65,000 level, altcoins eye “up-only” season

Oct 14, 2024 Jeremy Parkinson Cryptocurrency, No picture 0

Key Takeaways Bitcoin broke the $65,000 mark, reflecting a robust uptrend influenced by global economic factors. Major gains in Solana-based memecoins signal a broader altcoin market rally. Share this article The price of Bitcoin surged past $65,000 on Monday after breaking through the $64,000 mark and extending its rally to $64,800, according to data from […]