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Eli Lilly Gap

Eli Lilly Gap

Image Source: UnsplashI took on a bearish position on Eli Lilly (LLY) today. I think the days of Big Pharma just printing up profits out of thin air are over.More By This Author:One Gap Deserves AnotherDecember ETF ReviewMicrosoft Or Microsnore?
Tap Into Crypto Exposure With These 2 Stocks: HOOD, COIN

Tap Into Crypto Exposure With These 2 Stocks: HOOD, COIN

Image Source: PexelsA recent move higher in crypto has caught many eyes, with investors clamoring for exposure following the bullish move. The U.S. election helped light the fire in a big way, with President-elect Donald Trump’s favorable stance on digital assets paving the favorable outlook.  It’s no secret that crypto is a volatile asset class, spooking […]
Asia Morning Bites For Tuesday, Dec 3

Asia Morning Bites For Tuesday, Dec 3

Image Source: Unsplash Global Macro and Markets   Global Markets: On an inconclusive data day, markets read what they wanted to into some comments from Fed speakers and the macro releases. Treasury bond yields rose slightly, despite the Fed’s Christopher Waller and John Williams suggesting they leaned towards another cut in December. The dataflow was from the […]
The Yen Is Screaming Risk-Off And The Stock Market Isn’t Pay Attention

The Yen Is Screaming Risk-Off And The Stock Market Isn’t Pay Attention

Image Source: PexelsMarkets were up on the broader index but mixed overall, with 319 names lower in the S&P 500 and 180 higher. The day was uneventful from an equity market standpoint, but we saw big moves in FX, with the EURUSD standing out. The French called for a no-confidence vote for their newly appointed Prime […]
Economic Metrics Solid, Zscaler Sells Off After Q1 Report

Economic Metrics Solid, Zscaler Sells Off After Q1 Report

Image Source: PixabayBoth the S&P 500 and the Nasdaq indexes have closed Monday’s trading session at new market highs. The S&P opened the day slightly up and kept steady: +14 points to 6047. The Nasdaq, which outperformed the other major indexes on the day for its best trading session in nearly as month, grew +185 points […]
Ruble Devaluation Giveth And Devaluation Taketh Away

Ruble Devaluation Giveth And Devaluation Taketh Away

Image Source: PexelsConsider the ruble/yuan exchange rate.Figure 1: Rubles per yuan, calculated using dollar rates (blue, log scale). Up is a depreciation of the ruble. Source: Pacific Exchange Services accessed 12/1/2024, and author’s calculations.The recovery in the ruble’s value after 11/27 was due to Central Bank of Russia intervention in the forex market.While a devaluation makes the price of […]
One Gap Deserves Another

One Gap Deserves Another

Image Source: PixabayWeeks ago, when Super Micro (SMCI) was in a free-fall, I did a bullish post about it, noting that it was approaching a major price gap. Let’s just say that turned out to be an amazing idea.Now it’s time for just the opposite idea, but still based on a gap. I have bought into a small bearish position on this sucker now, using the […]
Financial Markets Report For Monday, Dec 2

Financial Markets Report For Monday, Dec 2

Image Source: PixabayIn this video, Ira Epstein reviews the activity in the Financial Markets after the day that just ended, Monday, December 2.Video Length: 00:08:26More By This Author:Metal Markets Report For Wednesday, Nov 27Financial Markets Report For Wednesday, Nov 27Metal Markets Report For Tuesday, Nov 26
EUR/USD Backslides Into 1.05 As Euro Bids Remain Elusive

EUR/USD Backslides Into 1.05 As Euro Bids Remain Elusive

Image Source: Pixabay EUR/USD lost ground again on Monday, skidding back into 1.05. Fiber failed to recapture the 1.0600 handle as near-term bounce fizzles. Plenty of ECB speeches dot the landscape, US NFP jobs numbers loom on Friday. EUR/USD kicked off another trading week with a decline back into familiar near-term lows, flubbing a fresh run […]
Nasdaq 100 & S&P 500 Elliott Wave Update – Monday, Dec 2

Nasdaq 100 & S&P 500 Elliott Wave Update – Monday, Dec 2

Image Source: UnsplashTonight I am again presenting both the preferred and alternate counts. I’ve also made an attempt to be more “clear” as to what count goes with “which” Elliott count (color codes) – Hopefully I succeeded in making the picture into the end of 2024 and into 2025 clearer. I continue to look for additional […]