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Archives by Year:
McKelvey-PMES Recession Indicator Weakens Slightly But Signal Still Firm
100 percent of the time, with no false positives or negatives, under current conditions, the economy has been in recession.The odds are not 100 percent because the NBER sets recession dates, not these charts. What is the McKelvey Recession Indicator?Take the current value of the 3-month unemployment rate average, subtract the 12-month low, and if […]
October Isn’t Just Volatile In The U.S.
It was a brutal overnight session for stocks in Hong Kong where the Hang Seng plunged 9.4% after Chinese stocks rallied less than investors had hoped after re-opening from the six-trading session National Holiday. Last night’s decline was the largest one-day decline for the Hang Seng since the depths of the Financial Crisis in October […]
$2.4 billion may re-enter crypto markets following FTX repayment, suggest analysts
Key Takeaways Estimated $2.4 billion from FTX repayments could reenter the crypto market. The plan could provide a positive boost to the crypto market, but the impact may be limited and gradual. Share this article K33 analysts estimate that around $2.4 billion may be reinvested in crypto markets following the implementation of FTX’s reorganization plan. […]
FTSE Suffers As Still No Further Details Given About China Stimulus
Image Source: Pexels After a much awaited news conference by China’s National Development and Reform Commission fell short of hopes for greater stimulus, U.K. markets dropped on Tuesday.Rising borrowing rates in the United Kingdom in recent days also presented difficulties for the government, which plans to present its budget at the end of the month. Reaching […]
Tech Sector Keeping Wall Street Steady
Stocks are bouncing back today, for the most part. Tech stocks are resuming their run, with the Nasdaq Composite (IXIC) last seen up over 200 points as the 10-year Treasury yield slips back below 4%. The S&P 500 Index (SPX) and Dow Jones Industrial Average (DJI) sit marginally higher, thought the latter has already dipped […]
Huge Impact Of Low Open Interest In The USDX
Last week, the USD Index stole the spotlight. It truly soared. But… Very few people are actually long.Yup. Even though the USDX moved high so profoundly, it wasn’t fresh buying that pushed the price higher. It was a short covering, and it has major implications going forward.How do I know? Because we see that open […]
PepsiCo Is Finishing A Bullish Triangle
Image Source: Pexels PepsiCo (PEP) is trading mostly sideways this year between 190 – 150 levels, but it looks like a consolidation within bullish trend. We see it as a bullish ABCDE triangle formation in wave (4) that be coming to an end with final wave E after recent earnings report. So, as soon as bullish triangle fully completes, […]
Are Employment And CPI Reports That Important To Markets?
The Fed has begun cutting interest rates with the timing and amount of future cuts predicated on incoming employment and CPI data. As the Fed likes to say, they are data-dependent in determining their course of action. Given the importance of Fed policy on the markets, one would presume that on the day of the […]
Hero Motocorp Stocks Elliott Wave Technical Analysis – Tuesday, October 8,
HERO MOTOCORP – HERO (1D Chart) Elliott Wave / Technical AnalysisFunction: Uptrend in a Larger Degree (Intermediate Degree in Orange) Mode: Motive Structure: Impulse Position: Minor Wave 5 (Grey) Details: Minor Wave 5 is advancing higher, with support against the 5040 level. Alternatively, Wave 5 might have finished below the 6400 mark.Invalidation Point: 5040Hero MotoCorp Chart Technical Analysis and Potential Elliott Wave Counts:The […]
Gold ETFs Heating Up
Recently, I’ve highlighted the significant and consistent buying of gold by central banks, driven largely by macroeconomic and geopolitical risks. Today, we turn our attention to the recent performance of gold ETFs, which has also been noteworthy and supportive of gold prices.Gold ETFs play a crucial role in the overall gold market. They are second […]
