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Market Briefing For Thursday, March 14, 2024

Market Briefing For Thursday, March 14, 2024

FOLALAM – for the shorts, is starting to creep into the trading jockeying. All the broader conditions remain the same, it’s the ‘FOLALAM’ (‘fear of losing a lot of money) .. that might just impact a few stocks as we go into Quarterly Quadruple Expiration.. now. And fortunately we still have lots of traditional technicians and analysts arguing for […]
Investment Pitfalls: Winning By Going Against The Grain

Investment Pitfalls: Winning By Going Against The Grain

Image Source: Pexels The investor’s chief problem—and even his worst enemy—is likely to be himself.” – Benjamin Graham, renowned investor and author of “The Intelligent Investor. In investing, the most significant pitfalls often lie within our minds. As the Stoic philosopher Seneca once said, “It is not because things are difficult that we do not dare; […]
Tech Sector Resumes Growth Mode

Tech Sector Resumes Growth Mode

Image Source: Pixabay Total S&P 500 earnings for the first quarter of 2024 are expected to be up +2.2% from the same period last year on +3.5% higher revenues. This follows the +6.4% earnings growth on +3.4% higher revenues in 2023 Q4. As was the case in the preceding two quarters, the Tech sector remains a […]
Boeing Elliott Wave View: Impulse Lower Suggest More Downside

Boeing Elliott Wave View: Impulse Lower Suggest More Downside

Image Source: UnsplashBoeing (BA) ended a corrective cycle in January 24 at 217.59 high and we labeled as wave (B). Then the stock continued lower forming an impulse structure. Down from 24.01.2024 high, wave 1 ended at 198.32 low and bounce in wave 2 finished at 215.03 high. The market resumes lower in wave ((i)) ending […]
USDCHF Bounces Back: Downtrend Reversal Or False Hope?

USDCHF Bounces Back: Downtrend Reversal Or False Hope?

Image Source: PixabayUSDCHF has displayed a recent surge, breaking above a key technical level. This analysis dives into the technical situation and explores potential scenarios for the currency pair.Upward Breakout or False Dawn? Falling Channel Breached: USDCHF decisively rose above the resistance line of the falling price channel on the 4-hour chart. This technical indicator suggests a potential reversal of the downtrend that […]
MicroStrategy Set To Buy More Bitcoin, To Raise $500m Via Convertible Notes

MicroStrategy Set To Buy More Bitcoin, To Raise $500m Via Convertible Notes

Image Source: Pixabay The strategic move underlines MicroStrategy’s continued investment in Bitcoin. The company will raise $500 million by offering convertible senior notes due 2031. MicroStrategy has also outlined conditions under which it may redeem the notes, starting from March 22, 2028. MicroStrategy® Incorporated (MSTR) on Wednesday said it will raise $500 million by offering convertible senior […]
Boeing “Overwrote” Camera Footage Of Work On MAX Jet Door That Blew Out, Can Not Identify Employee Who Worked On It

Boeing “Overwrote” Camera Footage Of Work On MAX Jet Door That Blew Out, Can Not Identify Employee Who Worked On It

Image Source: UnsplashJust when you thought it couldn’t get any more bizarre or surreal, the Boeing (BA) story did just that.As previously reported, the aerospace giant has been under regulatory scrutiny following a string of safety-related incidents since the beginning of the year (really, since 2019 when two of its 737 MAXes fell out of the sky like […]
Microstrategy And Bitcoin: A Symbiotic Relationship

Microstrategy And Bitcoin: A Symbiotic Relationship

Image Source: PixabayIt’s no surprise that Microstrategy (MSTR) and Bitcoin are pretty much in lockstep since MSTR has essentially changed from a software company into a giant Bitcoin holding trust.The surging interest in crypto has done great things for both Microstrategy’s stock price as well as its daily trading volume.I’m confused about what the obsession is with […]
GBP/USD Price Analysis: Remains Depressed Below 1.2800, Bullish Potential Seems Intact

GBP/USD Price Analysis: Remains Depressed Below 1.2800, Bullish Potential Seems Intact

Image Source: Unsplash GBP/USD ticks lower on Thursday amid the emergence of some USD buying. The divergent BoE-Fed policy expectations should limit any meaningful slide. Any further decline might find support near the 1.2750 resistance breakpoint. The GBP/USD pair continues with its struggle to gain any meaningful traction and extends its consolidative price move around the […]
Elliott Wave Technical Analysis: DOGEUSD – Thursday, March 14

Elliott Wave Technical Analysis: DOGEUSD – Thursday, March 14

Photo by Executium on UnsplashElliott Wave Analysis TradingLounge Daily Chart, 14 March 24,Dogecoin/ U.S. dollar(DOGEUSD)DOGEUSD Elliott Wave Technical AnalysisFunction: Follow TrendMode: MotiveStructure: ImpulsePosition: Wave IIIDirection Next higher Degrees: Wave (I) of ImpulseWave Cancel invalid Level: 0.0770Details: Wave III may be complete watch out for the CorrectiveDogecoin/ U.S. dollar(DOGEUSD)Trading Strategy:Dogecoin is entering a full uptrend. The current surge of […]