December 2024 - Page 16 of 140 -

Elliott Wave Technical Analysis: Bitcoin Crypto Price News For Tuesday, Dec 17

Dec 16, 2024 Jeremy Parkinson Finance, No picture 0

Image Source: UnsplashElliott Wave Analysis TradingLounge Daily ChartBitcoin/ U.S. dollar(BTCUSD)BTCUSD Elliott Wave Technical AnalysisFunction: Follow TrendMode: MotiveStructure: Impulseposition: Wave (3)Direction Next higher Degrees: wave VWave Cancel invalid level:Details: The five-wave rise of wave V is likely equivalent to wave (I). Bitcoin/ U.S. dollar(BTCUSD)Trading Strategy: Wave (3) appears to have ended and the price is now entering a […]

US Markets Sizzle, While Global Markets Fizzle

Dec 16, 2024 Jeremy Parkinson Finance, No picture 0

Image Source: UnsplashUS MARKETS RECAPWall Street is surging ahead as traders buckle up for a week crammed with pivotal interest rate decisions from major central banks globally. The show’s star is undoubtedly the Fed, expected to trim rates by 25 basis points. This move is seen against the backdrop of the US economy’s robust expansion, the […]

Nasdaq 100 & S&P 500 Elliott Wave Update – Monday, Dec 16

Dec 16, 2024 Jeremy Parkinson Finance, No picture 0

Image Source: UnsplashNasdaq 100 went on another “moon shot” today with the market making substantial gains and most of the Mag 7 also saw strong gains. The volatility has continued to remain higher within the Nasdaq due to the “options flows” which controls premium and volatility. I update the EW labeling and also update the Fibonacci […]

MicroStrategy To QQQ, Bitcoin To The Moon?

Dec 16, 2024 Jeremy Parkinson Finance, No picture 0

Image Source: UnsplashIn the coming months, we could see a rally on Bitcoin that defies logic.Not because I believe it will or want it to, but because adding MicroStrategy (MSTR) to the Nasdaq 100 exploits the essence of passive investing. A Pivot That Changed Everything Michael Saylor, the co-founder and chairman of MicroStrategy, engineered one of […]

The Stocks Markets Window May Be Closing

Dec 16, 2024 Jeremy Parkinson Finance 0

Image Source: PixabayThe S&P 500 finished the day about 38 basis points higher. It had been up earlier, reaching a peak of around 55 basis points. The index climbed to approximately 6,085, filling the gap from the December 12th opening. That level acted as resistance for most of the afternoon.However, market breadth was weak, with more […]

WTI Holds Steady Near $70.00 As Traders Brace For Fed Rate Decision

Dec 16, 2024 Jeremy Parkinson Finance 0

Image Source: Pixabay WTI price trades on a flat note around $70.20 in Tuesday’s early Asian session. Weak Chinese spending data might weigh on the WTI price. Geopolitical risks could cap its downside despite bearish market pressure. West Texas Intermediate (WTI), the US crude oil benchmark, is trading around $70.20 on Tuesday. The WTI price trades […]

GBP/USD Pares Recent Losses As Cable Traders Brace For Central Bank Outings

Dec 16, 2024 Jeremy Parkinson Finance 0

Photo by Colin Watts on Unsplash GBP/USD recovered ground on Monday, edging back toward the 1.2700 handle. Cable traders are bracing for a tense week with a central bank double-header on the cards. The Fed is widely expected to trim rates once more, while the BoE is seen standing pat. GBP/USD snapped a three-day losing streak that dragged […]

These Are The Only Stocks That Matter Right Now

Dec 16, 2024 Jeremy Parkinson Finance 0

Image Source: PexelsSure, I get it: You’re searching for the best, soundest stocks to buy in the market. You seek that secret sauce that will make you profitable heading into 2025.What you may not know is that it’s not necessarily about fundamental or technical analysis. It’s all about a handful of mega-cap stocks, and here’s why.The […]

US-China Decoupling

Dec 16, 2024 Jeremy Parkinson Finance 0

I am sitting out here in Arizona watching the Semiconductor plants being built. The one we are closest to has been going on for two years now. I am going to guess it is near completion. TSMC Arizona’s first fab is on track to begin production leveraging 4nm technology in first half of 2025. Upcoming […]

Stocks And Precious Metals Charts – Awful Faces From Beyond

Dec 16, 2024 Jeremy Parkinson Finance, No picture 0

Image Source: UnsplashAs the trading year draws to a close, the paint to make the results (and bonuses) for the Wall Street wise guys will be applied liberally to the tape.The economic hitmen have come home to roost.Stocks rallied to new highs.The Dollar chopped sideways with a bit of a little loss.VIX rose, even with stocks […]