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Mainstream Fund Managers Jumping On The Gold Bandwagon

Mainstream Fund Managers Jumping On The Gold Bandwagon

Image Source: Unsplash  Big money managers are starting to jump on the gold bandwagon as inflation worries grow.Over the last few weeks, gold held its ground despite headwinds including a strong dollar and rising bond yields. Geopolitical tensions have supported safe-haven buying but it appears a new player is entering the market – hedge fund and […]
Time To Buy Chevron’s Stock As Q1 Earnings Approach?

Time To Buy Chevron’s Stock As Q1 Earnings Approach?

Chevron Corporation (CVX – Free Report), one of the world’s leading oil companies, is set to report first-quarter results on Friday, Apr 26, and as always, market participants are anxiously anticipating the release. The stock has been steadily going up this year, notching up a decent gain, as the San Ramon, CA-based integrated player has benefited from strength in the Energy space. That […]
Will The US Indices Continue Its Bearish Momentum?

Will The US Indices Continue Its Bearish Momentum?

The recent trajectory of US stocks has seen a sharp shift, transitioning from a relentless rally to a persistent pullback. After experiencing five consecutive winning months without a 2% decline, the market has faced three consecutive down weeks. This 5.5% setback in the S&P 500 is primarily attributed to the uncertainty surrounding Federal Reserve policy.The […]
Chart Of The Day: Pilgrim’s Pride – Healthy Meat Alternative

Chart Of The Day: Pilgrim’s Pride – Healthy Meat Alternative

Image Source: Unsplash  The Chart of the Day belongs to the major chicken processor Pilgrim’s Pride (PPC). I found the stock by using Barchart’s powerful screening functions to find stocks with the highest technical buy signals, highest Weighted Alpha, superior current momentum, and having a Trend Seeker buy signal then used the Flipchart feature to review the charts […]
Elliott Wave Technical Analysis: Visa Inc. – Monday, April 22

Elliott Wave Technical Analysis: Visa Inc. – Monday, April 22

Image Source: Unsplash  V Elliott Wave Analysis Trading Lounge Daily Chart,Visa Inc., (V) Daily ChartV Elliott Wave Technical AnalysisFUNCTION: Counter TrendMODE: CorrectiveSTRUCTURE: ZigZagPOSITION: Intermediate wave (4).  DIRECTION: Bottom in wave (4).DETAILS: We are entertaining the idea of an Intermediate wave (3) in place, as the current correction, given its magnitude, seems to be paring up with the same degree […]
Bitcoin miners might pivot to AI after the halving — CoinShares

Bitcoin miners might pivot to AI after the halving — CoinShares

Bitcoin miners may shift their focus towards artificial intelligence (AI) in energy-secure locations following the blockchain’s quadrennial halving, according to a report by digital asset manager CoinShares.The halving, which occurred on Friday evening, slows the rate of growth in bitcoin supply by 50%, potentially leading miners to seek alternative revenue streams.CoinShares noted that mining companies […]
Will Commodities Continue To Outperform In 2024?

Will Commodities Continue To Outperform In 2024?

In December I wondered if commodities were poised to be the contrarian trade of 2024. Four months later, there’s no competition across the major asset classes: commodities are the upside outlier by a wide margin, based on a set of ETFs through Friday’s close (Apr. 19).WisdomTree Enhanced Commodity Strategy Fund (GCC) is up nearly 15% year to date. The […]
Sensex Today Rallies 622 Points; PSU Bank Stocks Shine

Sensex Today Rallies 622 Points; PSU Bank Stocks Shine

After opening the day on a high, Indian share markets continued the momentum as the session progressed and ended the day firm.The Indian stock market benchmarks, the Sensex and the Nifty 50 extended their gains into the second consecutive session on Monday, April 22, tracking positive global cues amid easing concerns over geopolitical tensions in […]
This Week: Big Tech Earnings To Influence Nasdaq 100?

This Week: Big Tech Earnings To Influence Nasdaq 100?

Image Source: Unsplash  The NAS100 index has fallen in six of the past 7 weeks, as markets push back bets for Fed rate cuts in 2024. Note that, riskier assets (including stocks) tend to rejoice at the thought of US interest rates moving lower. Hence, such joy has swiftly eroded in light of stubbornly high US […]
Stocks Expected To Rebound, But Is The Correction Over?

Stocks Expected To Rebound, But Is The Correction Over?

S&P 500 lost 3% last week. Will it find a short-term bottom soon?Stock prices sold off on Friday on Middle East tensions as markets feared potential retaliation from Israel following Iran’s attack. The S&P 500 index dropped by 0.88%, falling below 5,000 and reaching a new medium-term low of 4,953.56. This marked its lowest level […]