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U.S. Black Friday Deals Arrive Early As Consumers Seek Value

U.S. Black Friday Deals Arrive Early As Consumers Seek Value

Image Source: PixabayBlack Friday deals are arriving earlier this year, as U.S. consumers continue to face persistent high prices. With inflationary pressures still weighing on shoppers, retailers are responding by offering earlier discounts in an effort to attract price-sensitive customers.When examining the data across various sectors, it’s clear that most retail categories have experienced a decline […]
Dow And Small-Caps Close At New All-Time Highs

Dow And Small-Caps Close At New All-Time Highs

Image Source: UnsplashYou can tell you’re in a for-real bull market when there is virtually no economic data released during a trading session and markets gain a percentage point anyway. The Dow closed at a fresh new high at 44,736, +0.99% or +440 points on the day. The S&P 500 and Nasdaq grew a slighter +0.30% […]
Elliott Wave Technical Analysis: Uniswap Crypto Price News For Tuesday, November 26

Elliott Wave Technical Analysis: Uniswap Crypto Price News For Tuesday, November 26

Image Source: Pixabay Elliott Wave Analysis TradingLounge Daily ChartUniswap/ U.S. dollar(UNIUSD)UNIUSD Elliott Wave Technical AnalysisFunction: Follow trendMode: MotiveStructure: ImpulsePosition: Wave (3)Direction Next higher Degrees: wave (3) of ImpulseWave Cancel invalid Level:Details: the Five-Wave increase in wave (3)Uniswap/ U.S. dollar(UNIUSD)Trading Strategy: Unisawp remains in an uptrend, likely to surge sharply from the third wave surge. So look for opportunities to join […]
Australian Dollar Extends Losses As Trump Plans To Increase 10% Import Tariffs On China

Australian Dollar Extends Losses As Trump Plans To Increase 10% Import Tariffs On China

Image Source: Unsplash The Australian Dollar extends its losses as market sentiment takes a hit following Donald Trump’s announcement of increase in tariffs. Australia’s Monthly Consumer Price Index for October is the focus on Wednesday. The latest US PMI has reinforced the likelihood of the Fed slowing the pace of rate cuts. The Australian Dollar (AUD) […]
Elliott Wave View: Oil Short Term May See More Downside

Elliott Wave View: Oil Short Term May See More Downside

Image Source: UnsplashShort Term Elliott Wave View in Oil (CL) suggests that cycle from 10.8.2024 high is in progress as a 5 waves impulse. Down from 10.8.2024 high, wave 1 ended at 66.72. Wave 2 rally ended at 72.89 as the 1 hour chart below shows. It has then turned lower again in wave 3. Down […]
EURUSD Analysis: Bears Maintain Control As Pair Tests New Lows

EURUSD Analysis: Bears Maintain Control As Pair Tests New Lows

Image Source: PixabayThe Euro continues to show weakness against the US Dollar, with recent price action suggesting more downside potential. Here’s what traders need to know about the current technical setup. Recent Price Action  The EURUSD pair has experienced significant selling pressure, extending its decline from the 1.0936 level and reaching a new low at 1.0331. […]
Japanese Yen Remains On The Front Foot Against USD; Upside Potential Seems Limited

Japanese Yen Remains On The Front Foot Against USD; Upside Potential Seems Limited

Image Source: Pixabay The Japanese Yen attracts some haven flows on Tuesday, albeit lacking follow-through. The BoJ rate-hike uncertainty acts as a headwind for the JPY amid renewed USD buying. A fresh leg up in the US bond yields also contributes to capping the lower-yielding JPY. The Japanese Yen (JPY) strengthens slightly against its American counterpart […]
The Canadian Cannabis Report – Monday, Nov 25

The Canadian Cannabis Report – Monday, Nov 25

Image Source: UnsplashFor the trading week ended November 22, 2024 my proprietary Canadian Cannabis Company Index (MCCCI) was unchanged compared to the prior weekwhen it decreased by 5.9%. The index consists of 14 stocks, many of which are among the most widely held holdings of the 3 ETFs (MJ, CNBS, and THCX) that I consider to be a […]
Current Report: Ituran Location And Control

Current Report: Ituran Location And Control

Image Source: PixabayIturan Location and Control Ltd (ITRN) is a provider of location-based services. The company operates in two segments, namely Telematics services, and Telematics products.The Telematics services segment consists of regionally-based stolen vehicle recovery (SVR) services, fleet management services, and value-added services comprised of personal advanced locater services and concierge services.The Telematics product segment consists […]
This Bull Trap Could Double Our Profits Tomorrow

This Bull Trap Could Double Our Profits Tomorrow

Image Source: Pexels Holiday week, let’s make some money!  Markets are bullish overall, but did you see that “gap fill” earlier this morning?There’s one big clue on the charts right now, telling me this Bull Trap is likely where the easy money is made tomorrow!Emini and Nasdaq gapped higher Sunday evening, then came all the way […]