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Bear Of The Day: Thor Industries

Bear Of The Day: Thor Industries

THOR Industries, Inc. (THO) is facing industry headwinds as higher interest rates hit the demand for RVs. This Zacks Rank #5 (Strong Sell) recently cut its fiscal 2024 earnings guidance.THOR is the world’s largest manufacturer of recreational vehicles, otherwise known as “RVs.” It was founded on Aug 29, 1980 when it acquired the iconic brand of […]
Chart Of The Day: IES Holdings – Undiscovered And Hitting All Time Highs

Chart Of The Day: IES Holdings – Undiscovered And Hitting All Time Highs

Image Source: Unsplash  The Chart of the Day belongs to the electrical systems and technology stock IES Holdings (IESC). 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 […]
Bitcoin Dips To $65,525 Amid Investor Caution

Bitcoin Dips To $65,525 Amid Investor Caution

Image Source: DepositPhotosThe ongoing ambiguity surrounding U.S. interest rates has notably impacted Bitcoin’s price trajectory. As traders navigate through mixed signals from the U.S. Federal Reserve, the cryptocurrency market has entered a phase of cautious trading. The anticipation surrounding key U.S. nonfarm payroll data, expected later in the week, has further intensified this wait-and-see approach among […]
Minutes Of The ECB’s March Meeting Strengthen Case For June Cut

Minutes Of The ECB’s March Meeting Strengthen Case For June Cut

Image Source: Pixabay  The just-released minutes of the European Central Bank’s last meeting in March strike a fine balance between sounding hawkishly concerned and at the same time, preparing for a first rate cut. This won’t happen next week, in our view, but at the June meeting.Yesterday’s drop in eurozone headline inflation has fuelled the discussion on whether the risk of […]
The Evils Of Paper Money Have No End

The Evils Of Paper Money Have No End

By Mike Maharrey, Money Metals ExchangeMany prominent American founders warned us about paper money.Thomas Paine may have summed it up best:“The evils of paper money have no end.”In an 1814 letter to Thomas Cooper, Thomas Jefferson was prophetic. “Every thing predicted by the enemies of banks, in the beginning, is now coming to pass. We are […]
Back To Cautious Buying

Back To Cautious Buying

S&P 500 bears were winning till services PMI, which turned equally much the Nasdaq around too, delivered very risk-on sectoral showing. ADP employment change was all right, I looked for a strong beat, but expected the same from services PMI given the earlier successful call for manufacturing PMI to overcome expectations. So, only our swing […]
EUR/USD Analysis: Rebound Gains Still Weak

EUR/USD Analysis: Rebound Gains Still Weak

The outlook for the pair is very bearish, with the next level to watch being at 1.0690, its Valentine’s Day low. According to recent trading, the EUR/USD exchange rate was softer after inflation data for March declined, but it is important to keep in mind that there are inflationary trends that will limit any weakness. […]
Commodities Continue To Lead Major Asset Classes In 2024

Commodities Continue To Lead Major Asset Classes In 2024

In mid-December, CapitalSpectator.com mused: “Are Commodities A Compelling Contrarian Trade For 2024?” The answer so far this year continues to be “yes,” as a rally for prices of raw materials continues to bubble after a rough 2023 in this corner of global markets.Two weeks ago I noted that commodities had overtaken US stocks as the top performer for global assets in […]
Elliott Wave Analysis: Gold

Elliott Wave Analysis: Gold

Image Source: Pixabay  Function – Counter-trendMode – CorrectiveStructure – Possible zigzagPosition -Wave (v) of blue ‘c’Direction – Wave (v) of blue ‘c’ still in playDetails – Gold strengthens for wave (v) of blue ‘c’ of Y of 3. It seems to be in the last phase and can turn bearish to begin wave (4) after completing an impulse for (v).Following its establishment of a new all-time high in December, Gold underwent […]
Gold Analysis: Breaks New Historical Resistance

Gold Analysis: Breaks New Historical Resistance

This is a new record bullish trading week for the gold market. Even with the rise in the price of the US dollar, the price of gold rose towards the new historical psychological resistance of $2,300 per ounce. Moreover, the gains extended to the resistance level of $2,305 per ounce, the highest in the history […]