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Hope Springs Eternal, Again, For Small-Cap Equities

Hope Springs Eternal, Again, For Small-Cap Equities

The stock market is soaring and the rising tide has lifted small-cap shares, but if you’ve been expecting a hefty premium (or any premium) in smaller firms, well, there’s still plenty of disappointment to process.There have been periods in recent years when small caps rallied and overtook their large-cap brethren in the performance horse race. […]
Gold Poised To Hit New Records

Gold Poised To Hit New Records

Image Source: Pixabay  The strong trend for gold unravelled somewhat at the back end of last week thanks to a strong US dollar. As the metal retreated from the record high it had hit earlier in the week, it formed some mild bearish price action in the process, denting its short-term technical outlook. However, while it […]
Weekly Market Pulse: Rational Exuberance?

Weekly Market Pulse: Rational Exuberance?

 Image source: Pixabay   But where do we draw the line on what prices matter? Certainly prices of goods and services now being produced–our basic measure of inflation–matter. But what about futures prices or more importantly prices of claims on future goods and services, like equities, real estate, or other earning assets? Are stability of these […]
Is 2024 The New 2021 For Gold Price?

Is 2024 The New 2021 For Gold Price?

The recent two tops in gold were 9 trading days apart… Just like in 2011, and the similarity doesn’t end there.The shape of the price moves that preceded the 2011 top, as well as the length of the consolidations, are also similar.Please note the days that I marked with red arrows based on their huge […]
Elliottwave Technical Analysis: Netflix

Elliottwave Technical Analysis: Netflix

Image Source: Unsplash  NFLX Elliott Wave Analysis Trading Lounge Daily Chart,Netflix Inc., (NFLX) Daily ChartNFLX Elliott Wave Technical AnalysisFUNCTION: TrendMODE: ImpulsiveSTRUCTURE: Motive  POSITION: Wave 3 of (3).DIRECTION: Upside in wave 3.  DETAILS: We are approaching Medium Level at 650$ which is where we could expect wave 3 top. We also have equality of 3 vs. 1 […]
Gold Analysis: Will It Break New Record Highs?

Gold Analysis: Will It Break New Record Highs?

During last week’s trading sessions, the price of gold finally surpassed the $2200 resistance level for the first time. Gains extended to reach the all-time high resistance level of $2222 per ounce for the yellow metal. Clearly, this came after the Federal Reserve indicated that it would proceed with three interest rate cuts in 2024 […]
CNY: Second-Guessing The PBOC Proves A Challenge

CNY: Second-Guessing The PBOC Proves A Challenge

Image Source: Unsplash  Friday’s move in USD/CNY raised speculation that the PBOC was preparing to allow a new period of weakness for the renminbi. Today’s market activity suggests otherwise.  Friday’s CNY move gets partially unwoundLast Friday saw significant movement in the USD/CNH pair after the People’s Bank of China raised its USD/CNY fixing by the largest […]
Asian Stock: Hankook Tire & Technology

Asian Stock: Hankook Tire & Technology

TM Editors’ note: This article discusses a penny stock and/or microcap. Such stocks are easily manipulated; do your own careful due diligence.Company: Hankook Tire & Technology Company LimitedBloomberg ticker: 161390 KSMarket cap: US$4,123mBackground: Hankook Tire & Technology Company Limited is a Korean manufacturer and distributor of tire and tube products. It’s top 10 in the world in tires. The […]
Greenback Consolidates Last Week’s Surge

Greenback Consolidates Last Week’s Surge

Image Source: Pixabay  Overview: After surging at the end of last week, the dollar is consolidating today. Stepped up verbal intervention by Japan’s currency chief Kanda and a slightly weaker dollar fix by the PBOC seemed to take the wind from the dollar sails. Except for the Swiss franc and Swedish krona, the G10 currencies are showing […]
Market Signals For The U.S. Stock Market And Indian Stock Market – Monday, March 25

Market Signals For The U.S. Stock Market And Indian Stock Market – Monday, March 25

The S&P 500 was up and the Nifty was unchanged last week. Indicators are bullish for the week. Markets are topping. We are transitioning from an inflationary regime to a deflationary collapse. We are way overbought short-term and are overdue a pullback here to as low as the 50 DMA, as we embrace bearish seasonality. The Nifty has started to correct and will likely underperform.The past […]