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NVIDIA: Is There An Iceberg In The Future For This Unsinkable Titanic?

NVIDIA: Is There An Iceberg In The Future For This Unsinkable Titanic?

Image Source: PixabaySummary Nvidia (NVDA) is highly popular with positive sentiment, but caution is advised due to potential rapid sell-offs by institutions using algorithms. Nvidia’s strong technical indicators include 100% buy signals, significant price gains, and a Trend Seeker buy signal, despite recent minor losses. Fundamental factors show impressive revenue and earnings growth expectations, but failure to meet these could […]
January’s Start Hasn’t Showered Warmth On Equity Investors’ Buoyant Spirits

January’s Start Hasn’t Showered Warmth On Equity Investors’ Buoyant Spirits

Image Source: Unsplash  MARKETSUS stocks ended Tuesday with mixed fortunes as Wall Street navigated through calmer waters following the release of the latest inflation figures and simmering reports of President-elect Donald Trump’s tariff strategy. The Producer Price Index (PPI) for December provided a glimmer of hope, rising less than expected and hinting at a potential easing […]
Markets Shifting Net Bearish In Technical Strength

Markets Shifting Net Bearish In Technical Strength

Image Source: PexelsThere were early signs of recovery for some markets, but now all lead markets are showing net bearish technicals.If you are a trading bull looking for silver linings, the Russell 2000 (IWM) successfully tested its 200-day MA yesterday and left with a ‘bear trap’ today. There was a ‘bull’ cross in On-Balance-Volume and in […]
USD/CAD Weakens To Near 1.4350 On Cooler-Than-Expected US PPI Inflation Data

USD/CAD Weakens To Near 1.4350 On Cooler-Than-Expected US PPI Inflation Data

Photo by Michelle Spollen on Unsplash USD/CAD softens to near 1.4350 in Wednesday’s early Asian session.  US inflation is still slowing as the PPI came in below expectations in December. Higher crude oil prices support the commodity-linked Loonie.  The USD/CAD pair remains on the defensive around 1.4350 during the early Asian session on Wednesday, pressured by the disappointing US […]
US Stocks Edge Higher As Traders Eye Inflation Data And Earnings Season Kickoff

US Stocks Edge Higher As Traders Eye Inflation Data And Earnings Season Kickoff

Image Source: Unsplash Investors are also bracing for the fourth-quarter earnings season, which begins with major banks this week. Utilities led the market gains on Tuesday, with the sector advancing 1.4%. Nike shares slid 1.7% on Tuesday, marking their lowest level since March 2020. Wall Street saw a modest uptick on Tuesday as investors turned their […]
Australian Dollar Extends Gains, Upside Limited

Australian Dollar Extends Gains, Upside Limited

Image Source: Unsplash AUD edges up to 0.6180 on Tuesday, off multi-year lows. Fed rate-hold expectations in January underpin the US Dollar. Soft Australian fundamentals, China slowdown cap Aussie recovery. The Australian Dollar (AUD) rebounded from 0.6130, its lowest level since April 2020, to reach 0.6180 on Tuesday, buoyed by firm commodity prices and a slight […]
Gold Prices Gain Ground After US PPI Inflation Sparks Fresh Rate Cut Hopes

Gold Prices Gain Ground After US PPI Inflation Sparks Fresh Rate Cut Hopes

Image Source: Pixabay Gold rebounds from weekly low, fueled by hopes for looser Fed policy after weak PPI. Focus on upcoming CPI; cooler report could boost chances for rate cuts. Potential Trump tariffs pose a risk to inflation, impacting Gold and market sentiment. Gold prices edged higher on Tuesday after data from the United States (US) showed that […]
Yield Curve Indicator Still Waiting For A Recession

Yield Curve Indicator Still Waiting For A Recession

The U.S. 2-/10-year slope inverted in mid-2022, and we are still waiting for the recession that was allegedly predicted by the yield curve. At this point, the yield curve maximalists have to be hoping for a recession triggered by a trade war in the coming months. At which point, the maximalists will argue that the […]
SEC files lawsuit against Elon Musk for securities law violation

SEC files lawsuit against Elon Musk for securities law violation

Key Takeaways The SEC sued Elon Musk for failing to disclose his Twitter share purchases before acquiring the platform. Musk’s lawyer claims the SEC’s lawsuit is baseless and suggests no wrongdoing was committed. Share this article The US SEC has initiated a lawsuit against Elon Musk in federal court, alleging he failed to timely disclose […]
Here’s What Wall St. Experts Are Saying About These Banks Ahead Of Earnings

Here’s What Wall St. Experts Are Saying About These Banks Ahead Of Earnings

Image Source: Pexels JPMorgan (JPM), Wells Fargo (WFC), Citi (C) and Goldman Sachs (GS) are scheduled to announce quarterly results on January 15. What to watch for: FAIRLY VALUED: Last week, Truist initiated coverage of Wells Fargo with a Buy rating and $82 price target as part of a broader research note launching coverage of U.S. Large-Cap banks. Big banks are positioned to […]