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

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

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?

MicroStrategy To QQQ, Bitcoin To The Moon?

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

The Stocks Markets Window May Be Closing

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

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

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

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

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

These Are The Only Stocks That Matter Right Now

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

US-China Decoupling

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

Stocks And Precious Metals Charts – Awful Faces From Beyond

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 […]
Credit Spreads: The Real Sentiment Indicator?

Credit Spreads: The Real Sentiment Indicator?

We’ve followed the small business optimism and consumer sentiment indicators as a good barometer for the “mood” around the economy. However these aren’t always great predictors of future economic growth. Since the economy and markets rose quite substantially over the last few years, even though these sentiment indicators have been below their historical averages for […]
Is Selling Gold Right Now A Mistake?

Is Selling Gold Right Now A Mistake?

Image Source: Pexels Producer prices came in hotter than expected in November. This came on the heels of a CPI report showing price inflation is sticky.With inflation worries mounting, investors sold gold.Wait. People sold an inflation hedge with increasing signs of inflation? Yes. You read that correctly.We’ve returned to a market dynamic that dominated 2023. Investors worried about sticky […]