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Elliott Wave Technical Forecast : Origin Energy Limited

Elliott Wave Technical Forecast : Origin Energy Limited

ASX: ORIGIN ENERGY LIMITED – ORG Elliott Elliott Wave Technical Analysis TradingLounge (1D Chart)Greetings, Our Elliott Wave analysis today updates the Australian Stock Exchange (ASX) with ORIGIN ENERGY LIMITED – ORG. We see ORG.ASX continuing to push lower. And after the correction wave is complete, wave (5)-orange may return to push higher.ASX: ORIGIN ENERGY LIMITED – […]
Russia to ban Bitcoin mining in select regions due to power shortages

Russia to ban Bitcoin mining in select regions due to power shortages

Key Takeaways Russia will enforce crypto mining bans in energy-deficient regions. The government aims to address power shortages caused by high electricity consumption. Share this article Russia is considering banning Bitcoin and crypto mining in certain regions due to electricity shortages, according to a new report from the state news agency TASS, citing Deputy Minister […]
Election Patterns: Could This Market Structure Signal The Next Big Move?

Election Patterns: Could This Market Structure Signal The Next Big Move?

Image Source: Pixabay  As election season approaches, investors often wonder how the market will respond. By analyzing previous election cycles, we can observe patterns that may help predict future market movements. Here’s a breakdown of key insights from historical data, particularly focusing on market reactions during and after the U.S. elections in 2016 and 2020.  Key […]
Eli Lilly CEO David Ricks On Q3 Results: The Underlying Growth Story Is Fantastic

Eli Lilly CEO David Ricks On Q3 Results: The Underlying Growth Story Is Fantastic

Image Source: Pexels  Eli Lilly CEO David Ricks joins ‘Squawk Box’ to discuss the company’s quarterly earnings results, which reported third-quarter adjusted profit and revenue that missed expectations, weighed down by disappointing sales of its blockbuster weight loss drug Zepbound and diabetes treatment Mounjaro, why the company is slashing its full-year adjusted profit guidance, and more.Video […]
Momentum, Large-Cap Growth Factors Still Top US Returns In 2024

Momentum, Large-Cap Growth Factors Still Top US Returns In 2024

In the competition for 2024 calendar performance there’s no competition. Momentum and large-cap growth factors continue to outperform the rest of the field by a wide margin, based on a set of ETFs through Tuesday’s close (Oct. 29).The iShares MSCI USA Momentum Factor ETF (MTUM) and iShares S&P 500 Growth ETF are nearly tied for […]
Sensex Today Ends 426 Points Lower; Nifty Below 24,350

Sensex Today Ends 426 Points Lower; Nifty Below 24,350

After opening the day lower, Indian benchmark indices continued the downtrend as the session progressed and ended the day on a negative note.Benchmark equity indices, BSE Sensex and NSE Nifty50, ended their two-day winning streak, settling in the red on Wednesday amid mixed global cues.At the closing bell, the BSE Sensex stood lower by 426 points (down […]
German Inflation Accelerates And That Should Hush The 50bp Rate Cut Debate

German Inflation Accelerates And That Should Hush The 50bp Rate Cut Debate

Image Source: Pexels  With today’s macro data, not just from Germany, the hawks at the European Central Bank will feel encouraged to object to a 50bp rate cut in December, at least for now.The just-released flash estimate of German inflation in October could make some members of the European Central Bank regret the latest rate cut […]
US Q3 GDP Growth Disappoints, Despite Surging Personal Consumption, Government Spending

US Q3 GDP Growth Disappoints, Despite Surging Personal Consumption, Government Spending

Just moments after ADP published a laughably slanted private payrolls report according to which the US labor force grew by 233K in October (even though we are still in October), 6 standard deviations above the median estimate, moments ago the Biden Bureau of Economic Analysis came out with its own surprise when it reported in its […]
Can Paul Tudor Jones And Stanley Druckenmiller Be Wrong?

Can Paul Tudor Jones And Stanley Druckenmiller Be Wrong?

Can famed investors Paul Tudor Jones and Stan Druckenmiller, who recently proclaimed they are short bonds, thus betting on higher yields, be wrong? Instead of mindlessly assuming such legendary investors are correct, let’s do some homework.First, though, let’s remind ourselves that Paul Tudor Jones and Stanley Druckenmiller are known for their aggressive trading styles. Therefore, […]
Rubber Band Snapping Back

Rubber Band Snapping Back

S&P 500 opened with a flush to my 5,840 target, but then started slow grind higher driven by tech and communications. Yes, I was bullish GOOGL and AMD earnings – the first delivered smashing, the beat of the second one wasn‘t deemed impressive (cash flow reason), but still the data centers story has positive consequences for a […]