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S&P 500 Index – Elliott Wave Technical Analysis

S&P 500 Index – Elliott Wave Technical Analysis

S&P 500 Elliott Wave Analysis Trading Lounge Day Chart, S&P 500 Elliott Wave Technical AnalysisFUNCTION: Trend MODE: Impulsive STRUCTURE: Orange Wave 3 POSITION: Navy Blue Wave 3 DIRECTION NEXT LOWER DEGREES: Orange Wave 4 DETAILS: Orange wave 2 appears completed, with orange wave 3 now active. Wave Cancel Invalidation Level: 5,385.80The S&P 500 Elliott Wave Analysis for the daily chart reveals that the market is […]
Super Micro Shares Up 15% As AI Servers And Liquid Cooling Solutions Deliver Positive News

Super Micro Shares Up 15% As AI Servers And Liquid Cooling Solutions Deliver Positive News

Image Source: Unsplash Super Micro Computer Inc. (SMCI), a key player in AI-driven data centers, reported robust sales of its liquid cooling solutions and server systems, offering relief to investors after a tough year.Shares of the California-based company surged 15% on Monday, as the AI-driven stock continues to rebound despite earlier setbacks. Supermicro stock still carries […]
The Fed Rate Cut Isn’t The Housing Market’s Dream After All

The Fed Rate Cut Isn’t The Housing Market’s Dream After All

Image source: Wikipedia The rate cut by the Fed in September 2024 appears to be not much more than another performative song and dance. With many people, particularly in the real estate world, holding on to the idea that the rate cuts will stimulate buyers, the reality is not much will change, except for the worse.One […]
Middle East Oil Risks: Maybe Not As Bad As You Think

Middle East Oil Risks: Maybe Not As Bad As You Think

Image Source: Pixabay   Comments on a possible Israeli retaliation against Iranian energy assets give the market the shakes. I believe, should it occur, it might lead to an unexpected outcome. Oil market fundamentals since 2020 would tend to argue against this being a huge or long-term negative (or positive for oil prices). The myth of “Drill Baby, […]
Three Strong Reasons To Buy NXP Stock After UBS Upgrade

Three Strong Reasons To Buy NXP Stock After UBS Upgrade

  ↵Image Source: Unsplash UBS has upgraded NXP semiconductors to Buy, raising the price target to $285 from the previous $275.The analysts have pointed out that despite outperforming its peers, the company continues to trade at a discount due to de-rating, making it an attractive buy even after the outperformance.NXP’s recent success has come on the back […]
Government Employment Rose By An Amazing 785,000 In September

Government Employment Rose By An Amazing 785,000 In September

Data from the BLS Household Survey, chart by Mish Private vs Government Employment Notes Data is from the Household Survey as is the Unemployment Rate The BLS says wage and salary government employment rose by 785,000 The BLS says wage and salary private employment rose by 133,000 and the nonagricultural wage and salary employment rose […]
U.S. Market Rates Peacock, But For How Long?

U.S. Market Rates Peacock, But For How Long?

  ↵Image Source: Pexels US market rates have a strut about them. And why not. Jobs galore is seems (latest payrolls report). We’d called for a backup in rates. What’s next? We’re at near completion of the first leg of our post-rate-hike process. That builds room for a reversion back down. But don’t get too carried away, […]
Here’s Where We Are In The Bitcoin Bull Cycle According To The Wall Street Cheat Sheet

Here’s Where We Are In The Bitcoin Bull Cycle According To The Wall Street Cheat Sheet

Image Source: Unsplash The Wall Street Cheat Sheet has been around for years now and is often passed around in finance circles, so Bitcoin has not been left out. The cheat sheet shows different stages of each market cycle, using sentiment to track where in the cycle a particular asset is. With the Bitcoin market seeming to […]
The Jobs Report Changed The Monetary Tides

The Jobs Report Changed The Monetary Tides

Friday was one of those days when we saw a sea change in sentiment. Not necessarily for stocks – the mood was bullish both before the jobs number and after (and seemingly would be even if aliens landed tomorrow) – but for the fixed income markets and rate assumptions that underlie equity pricing. During recent speeches, […]
Moo Deng, Popcat, and Neiro soar as meme coin market cap hits $55 billion

Moo Deng, Popcat, and Neiro soar as meme coin market cap hits $55 billion

Key Takeaways Moodeng’s market value increased by 480% following social media support from Vitalik Buterin. Meme coins dominate as Popcat and Moodeng push market cap toward $55 billion. Share this article The meme coin market cap has surged to nearly $55 billion, driven by the explosive growth of tokens like Moo Deng, Popcat, Neiro, and […]