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A Tech Snafu Drags US Stocks Down, As Investors Grapple With An Untidy China Market

A Tech Snafu Drags US Stocks Down, As Investors Grapple With An Untidy China Market

Image Source: UnsplashMARKETSAs Asian investors gear up to take the baton, sentiment and risk appetite will likely remain subdued after a Wall Street selloff. Despite solid earnings from financial powerhouses like Goldman Sachs (GS), Citi (C), and Bank of America (BAC), concerns over tech stocks and the gloomy global economic outlook are looming large. The tech […]
The Stock Market’s Turning Point Is Near

The Stock Market’s Turning Point Is Near

Image Source: Pexels ASML IMPACTS  The Nasdaq 100 fell by 1.5% today, led lower by the semiconductor sector, with the SMH ETF dropping by more than 5%. This decline was driven by a more than 16% drop in ASML, which reported weaker-than-expected bookings for the third quarter and provided a softer-than-expected outlook for 2025.ASML, a stock […]
Nasdaq 100 & S&P 500 Elliott Wave Update – Tuesday, Oct 15

Nasdaq 100 & S&P 500 Elliott Wave Update – Tuesday, Oct 15

Image Source: UnsplashInteresting day in that a stronger downwind took over from the opening in both the ES and NQ. Starting this morning, I was giving a fair chance for the Call Walls to be broken in both the SPY and the QQQ, and what actually ended up taking place is both ETFs broke below their […]
Gold Trends Upward Amid Falling US Yields, US Data Eyed

Gold Trends Upward Amid Falling US Yields, US Data Eyed

Image Source: Pixabay Gold prices rise as US 10-year Treasury yield drops to 4.03%, enhancing the appeal of non-yielding assets. The New York Empire State Manufacturing Index shows weakness, but inflation expectations revised upward in September. Geopolitical tensions add to Gold’s safe-haven allure as investors brace for key US economic data later this week. Gold prices […]
The Big Bitcoin Breakout Is Here

The Big Bitcoin Breakout Is Here

Image Source: UnsplashLong-time readers are familiar with the story of my friend Jordan.He made the mistake of buying too much Bitcoin (BTC) in 2017 and couldn’t hold through the volatility.That year, he bought bitcoin at $1,250, $2,800, $7,500 and $14,000. That was an average cost of $6,387.If he just held on that year, he would have tripled his […]
Oil Market Remains Well Supplied Amid Rising Middle East Tensions: IEA

Oil Market Remains Well Supplied Amid Rising Middle East Tensions: IEA

Image Source: Pixabay IEA says it can release up to 1.2 billion barrels of crude oil in public stocks if supply is hit. IEA’s crude oil demand growth forecasts remain far lower than OPEC’s optimistic estimates. Crude oil supply to remain adequate, with a surplus estimated in 2025, says IEA. The oil market remains adequately supplied […]
Grayscale files to turn Bitcoin, Solana, XRP, and Ethereum multi-crypto fund into ETF

Grayscale files to turn Bitcoin, Solana, XRP, and Ethereum multi-crypto fund into ETF

Key Takeaways Grayscale has filed with the SEC to convert its Digital Large Cap Fund into an ETF. The fund predominantly invests in Bitcoin and Ethereum, comprising nearly 94% of its assets. Share this article Grayscale has filed a request with the SEC to convert its Digital Large Cap Fund into an ETF, according to […]
Shorting Dell: It’s All About The Price Gap

Shorting Dell: It’s All About The Price Gap

Image Source: UnsplashNo clever post title this time. That pretty much just lays it on the line. It’s all about the price gap.DELLMore By This Author:Next Test For China Ratio Charts Of Note Index Charts Of Note
UK Jobs Market Is Cooling Despite Latest Fall In Unemployment

UK Jobs Market Is Cooling Despite Latest Fall In Unemployment

Image Source: PixabayUnemployment may be down, but so are vacancies, while the more timely and reliable payroll data points to a jobs market that looks more like it did in 2019. That period saw wage growth of 3.5%, not the 5% we see today. It’ll take time, but that’s the direction of travel for wages over […]
EUR/USD Extends Decline As ECB Rate Call Looms Ahead

EUR/USD Extends Decline As ECB Rate Call Looms Ahead

Image Source: Pixabay EUR/USD shed another fifth of a percent on Tuesday. ECB Bank Survey results trimmed bullish Euro potential. ECB broadly expected to deliver another 25 bps rate cut this week. EUR/USD fell further into the bearish side on Tuesday, declining one-fifth of one percent and slipping below the 200-day Exponential Moving Average (EMA). Price action […]