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Nasdaq 100 & S&P 500 Elliott Wave Update – Monday, Nov 4

Nasdaq 100 & S&P 500 Elliott Wave Update – Monday, Nov 4

Image Source: UnsplashIt was a volatile day in the NQ and ES with more of the control being found in the options flows within the SPY and QQQ. In any case, the indexes did continue lower as I was expecting but found much more volatility along the way which created sudden large moves, which can be […]
This Election Reversal Could Be A Huge Payday

This Election Reversal Could Be A Huge Payday

Image Source: Unsplash   Election Day tomorrow – let’s do this!  Markets are range-bound going into Election Day, telling me to look for Breakouts and Reversals tomorrow morning…Breakouts might be tough until we see results tomorrow evening, so keep these Reversal trades on your radar! E-Mini S&P (ES):   Emini is bearish, but sellers just completed […]
DDV Heading Down As 30-Year T Bond Yield Hits 4.58%.

DDV Heading Down As 30-Year T Bond Yield Hits 4.58%.

This is a short follow-up to my October 23, 2024 TalkMarkets article, DJIA On Cusp Of Correction As 30-Year T Bond Yield Hits 4.52%On Friday, November 1, 2024, the DJIA closed at 42,052, up on the day but down from its all-time high of 43,276 on October 19, 2024. The yield of the 30-year T […]
Financial Markets Report For Monday, Nov 4

Financial Markets Report For Monday, Nov 4

Image Source: PixabayIn this video, Ira Epstein reviews the activity in the Financial Markets after the day that just ended, Monday, November 4.Video Length: 00:14:37More By This Author:Metal Markets Report For Thursday, Oct 24SPDR ETF Report For Thursday, Oct 24Financial Markets Report For Thursday, Oct 24
Asia Morning Bites For Tuesday, Nov 5

Asia Morning Bites For Tuesday, Nov 5

Image Source: Unsplash Global Macro and Markets Global Markets: The Trump trade began to unwind yesterday on reports that Kamala Harris was leading in Iowa, a state which neither party have made a battleground, and which could be a bellwether for nearby swing states. 2Y Treasury yields fell 4.6 basis points, and 10Y yields were down 9.9bp […]
GBP/USD Holds Steady Near 1.2950 As Traders Await US Presidential Election Result

GBP/USD Holds Steady Near 1.2950 As Traders Await US Presidential Election Result

Photo by Colin Watts on Unsplash GBP/USD flat lines around 1.2950 in Tuesday’s early Asian session.  The Greenback loses ground in response to improved polling for Democratic candidate Kamala Harris.  The Bank of England is expected to cut interest rates at its November meeting on Thursday.  The GBP/USD pair trades flat near 1.2950 during the early Asian session on […]
What Happens Next For The Market Is In Nvidia’s Hands

What Happens Next For The Market Is In Nvidia’s Hands

Image Source: UnsplashStocks finished the day lower, one day ahead of the 2024 Presidential election. The move wasn’t much to get excited about, with the S&P 500 down just 25 bps. The chart suggests we’re merely consolidating over the past 2 days, with another leg less likely to come.The break of the rising wedge looks quite […]
EURUSD Rally Continues: Eyes Set On 1.0930 And Beyond

EURUSD Rally Continues: Eyes Set On 1.0930 And Beyond

Image Source: PixabayThe EURUSD pair has maintained its bullish momentum, pushing higher from its recent low of 1.0761 to touch an impressive 1.0914. This continued upward movement has sparked excitement among forex traders, with many now speculating on the potential for further gains in the coming days.As the pair rides this wave of optimism, market participants […]
Bullish Seasonality

Bullish Seasonality

Image Source: Pixabay SPX Monitoring purposes; Long SPX on 10-29-24 at 5832.92Our Gain 1/1/23 to 12/31/23 SPX= 28.12%; SPX gain 23.38%Monitoring purposes GOLD:Long GDX on 10/9/20 at 40.78. We are up over 27% this year so far; SPX up around 20%. Seasonality is very bullish this week. Above is a short term view.  A “Selling climax” […]
No Matter Who Wins The Election, Expect The Cost Of Microchips To Soar

No Matter Who Wins The Election, Expect The Cost Of Microchips To Soar

New Rules to Cut Out China The Wall Street Journal reports U.S. Chip Toolmakers Move to Cut China From Supply Chains The U.S. semiconductor industry is uprooting Chinese companies from supply chains, spurred by directives from Washington seeking to suppress China’s involvement in sensitive next-generation technology. Chip toolmakers are telling suppliers that they need to find […]