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Index Charts: A Uniform Story With Two Standout Exceptions

Index Charts: A Uniform Story With Two Standout Exceptions

Image Source: UnsplashThe index charts almost all say the same thing: (1) prices are in an ascending channel; (2) there hasn’t been a single violation of the channel since it began about half a year ago; (3) the government isn’t going to allow any kind of dip in equities until the election is over.There are just two notable exceptions, shown below: the Russell 2000, which has fractured […]
WTI Gains Ground Near $82.00 Amid Weaker US Dollar, Supply Concerns

WTI Gains Ground Near $82.00 Amid Weaker US Dollar, Supply Concerns

Image Source: Unsplash WTI prices gain momentum on the softer USD and supply concerns.  Disruptions to oil refineries in Russia by recent attacks, support the upward trajectory of WTI prices.  The delay of interest rate cuts by the US Federal Reserve (Fed) might cap the upside of WTI prices.  The US February PCE report on Friday […]
EURUSD Tumbles Below Support: Downside Acceleration Or Temporary Dip?

EURUSD Tumbles Below Support: Downside Acceleration Or Temporary Dip?

Image Source: PixabayEURUSD has displayed a fresh wave of weakness, breaching a key support level. This analysis examines the technical situation and explores potential scenarios for the currency pair.Sharp Decline Witnessed: Support Broken: EURUSD has fallen sharply from a high of 1.0942, decisively breaking below the support level at 1.0834. This technical breakdown suggests a potential strengthening of […]
Asia Morning Bites For Tuesday, March 26

Asia Morning Bites For Tuesday, March 26

Image Source: UnsplashGlobal Macro and Markets Global Markets: US Treasury yields rose again yesterday. 2Y yields rose 3.6 sbasis points to 4.625%, while the 10Y rose 4.7bp to 4.245%. There’s a good piece by our rates team on Think for some detail on the likely near-term direction and implication for corporate borrowing rates. Rising rates and the level of […]
Top Research Reports For Lam Research, PayPal & Trane

Top Research Reports For Lam Research, PayPal & Trane

Image Source: PixabayThe Zacks Research Daily presents the best research output of our analyst team. Today’s Research Daily features new research reports on 16 major stocks, including Lam Research Corporation (LRCX), PayPal Holdings, Inc. (PYPL) and Trane Technologies plc (TT). These research reports have been hand-picked from the roughly 70 reports published by our analyst team […]
This Bear Trap Could Earn Huge Profits On Tuesday

This Bear Trap Could Earn Huge Profits On Tuesday

Image Source: UnsplashFinal week of March – let’s do this!Markets were messy today, but I see 3 clues telling me this BEAR TRAP could be a HUGE PAYDAY on Tuesday!Emini and Nasdaq are bullish overall, but bearish in the short-term…Situations like these are perfect for Bear Traps.  All we need is the right entry signal! E-Mini […]
Buy 5 Top-Ranked ETFs To Play Broadening US Market Rally

Buy 5 Top-Ranked ETFs To Play Broadening US Market Rally

Image Source: PixabayThe financial market backdrop has been witnessing a tectonic shift thanks to a more optimistic economic outlook and dovish Fed cues. Both inspire investors to broaden their focus beyond the massive growth and technology stocks. This pivot is reshaping the U.S. stock market dynamics, previously dominated by a handful of major players.More broadly, the […]
NZD/USD Trades Sideways Above 0.6000 On Softer US Dollar, US PCE Data Eyed

NZD/USD Trades Sideways Above 0.6000 On Softer US Dollar, US PCE Data Eyed

Photo by Thomas Coker on Unsplash NZD/USD hovers around 0.6000 in Tuesday’s early Asian session.  The US February New Home Sales came in at -0.3% MoM vs. 1.7% gain in January, weaker than expected.  Concerns over stunted economic growth and the slump in the GDP numbers weigh on the Kiwi.  The NZD/USD trades on a flat note around […]
Current Analysis: Fortescue Ltd

Current Analysis: Fortescue Ltd

Image Source: PixabayFortescue (FSUMF) is an Australia-based iron ore miner. It has grown from obscurity since 2008 to become the world’s fourth-largest producer. Growth was fueled by debt, now repaid.Expanding from 55 million metric tons in fiscal 2012 to about 185 million metric tons in 2022, Fortescue now supplies nearly 10% of global seaborne iron ore. Further […]
Biotechnology And Healthcare, A Bit Of A Lull

Biotechnology And Healthcare, A Bit Of A Lull

Image Source: Unsplash   Strong momentum of Tech and Chip stocks may be too good of a distraction for biotech investors. New therapeutic themes for 2024 are neuroscience and psychedelics. Core positions in neuroscience are ABBV, LLY, and SUPN. The S&P 500 rose to new highs (5234.18) over the past week as the Fed held interest rates […]