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Silver Prices Facing Major Inflection Point

Silver Prices Facing Major Inflection Point

Image Source: Pixabay Precious metals have been red hot in 2024, with gold and silver rallying sharply and out-performing most assets.I have written several bullish articles about precious metals over the past few years. And while I remain bullish longer term, I am in a wait-and-see mode short-term.Why? Well, one answer shows up on today’s “monthly” chart of […]
Stocks Climb As Dow Eyes Another Triple-Digit Pop

Stocks Climb As Dow Eyes Another Triple-Digit Pop

Stocks are strengthening as the day goes on, as U.S. equities push past any global weakness stemming from the selloff in China. The Dow Jones Industrial Average (DJI) is up triple digits at last check, poised to make a run at record highs. The Nasdaq Composite (IXIC) and S&P 500 Index (SPX) are also both […]
Power Grid Corp Stocks Elliott Wave Technical Analysis – Wednesday, October 9

Power Grid Corp Stocks Elliott Wave Technical Analysis – Wednesday, October 9

POWER GRID CORP – POWERGRIDCORP (1D Chart) Elliott Wave Technical AnalysisFunction: Counter Trend (Minute Degree, Navy) Mode: CorrectiveStructure: Potential impulse within larger degree correctionPosition: Minute Wave ((i)).Details: We have now changed the proposed structure as price action confirms drop through 320. Intermediate Wave (5) Orange could be now complete around 370 mark as prices turn lower to […]
The FTSE Finish Line – Wednesday, October 9

The FTSE Finish Line – Wednesday, October 9

FTSE Supported By Further China Stimulus Details To Be Announced SaturdayUK stocks climbed modestly on Wednesday, recovering from a one-month low recorded in the previous trading day. The FTSE was supported as reports surfaced that China’s finance ministry will hold a press conference on Saturday to introduce measures to strengthen countercyclical fiscal policy adjustments and […]
Palantir Is In A Massive Rally

Palantir Is In A Massive Rally

Palantir Technologies is a public American company that specializes in software platforms for big data analytics. It has transformed from a government contractor to a leading AI company, achieving remarkable growth and profitability while expanding its commercial presence.Looking at the Palantir chart from Elliott wave perspective, it’s probably trading in wave 3 of a five-wave bullish impulse after […]
Bear Of The Day: Altice USA

Bear Of The Day: Altice USA

Altice USA (ATUS), one of the country’s largest broadband communications and video services providers has struggled in recent years due to intense competition and shifting consumer trends. Topline sales have fallen in recent years, while earnings have recent flipped negative and huge debt obligations stress financial security.Altice USA stock has cratered over the last five years, […]
QQQ Reaches Risk Free Area From Blue Box

QQQ Reaches Risk Free Area From Blue Box

The Invesco QQQ ETF tracks the Nasdaq-100 Index, focusing on 100 large non-financial companies, mainly in technology, healthcare, and consumer sectors. It’s a popular choice for investors seeking exposure to large-cap tech companies.The post-COVID recovery for U.S. markets began in October 2022, and since then, the market has sustained a bullish cycle, producing a series […]
Allison Transmission Is Gearing Up!

Allison Transmission Is Gearing Up!

Summary Allison Transmission (ALSN) shows strong technical indicators, including 100% buy signals, a 65.38% gain in the last year, and a Trend Seeker buy signal. The company designs and sells automatic transmissions and electric propulsion systems for commercial and defense vehicles, with a robust market presence and diverse product range. Fundamental factors include a market […]
Global Markets Navigate Tech Gains, China Slowdown, And Geopolitical Strains Amid Economic Uncertainty

Global Markets Navigate Tech Gains, China Slowdown, And Geopolitical Strains Amid Economic Uncertainty

As global markets grapple with a mix of economic data, geopolitical concerns, and investor jitters, Asia’s tech stocks are seeing a boost, while Chinese markets falter as stimulus optimism fades. The volatility highlights the delicate balance between economic recovery and the potential fallout from geopolitical conflicts.Asian Markets See Gains, China Struggles with Stimulus UncertaintyAsian stocks […]
VanEck establishes $30 million venture fund to support crypto and AI startups

VanEck establishes $30 million venture fund to support crypto and AI startups

Key Takeaways VanEck Ventures plans to invest in 25 to 35 early-stage startups with a focus on digital assets and fintech. The fund will emphasize investments in tokenization and stablecoin platforms, recognizing their potential in global payments. Share this article VanEck, a well-established investment management firm, has launched a $30 million venture fund, named VanEck […]