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Stocks Fail To Push Through Key Levels Of Resistance As Rates Look For Support

Stocks Fail To Push Through Key Levels Of Resistance As Rates Look For Support

Image Source: UnsplashStocks finished lower on the day, with the S&P 500 dropping by 21 bps and the Nasdaq 100 falling by about 70 bps. Still, the markets were more settled now that the S&P 500 moved back into positive gamma, causing volatility to subside.The S&P 500 closed just below the 50-day moving average, which has […]
Corning Waves

Corning Waves

Image Source: PixabayCorning Glass (GLW) was really hot stuff during the Internet bubble, a quarter century ago. In recent years, it has been a calmer and more predictable creature. Note how, for years and years, the stock has been following a steady path higher in this channel.This is an instance in which the moving averages offer insight. I can […]
This Bear Trap Could Make Our Entire Week

This Bear Trap Could Make Our Entire Week

Image Source: Pexels A lot has changed in the last 24 hours!  The 60-minute chart just gave us something that changes the entire dynamic of the markets…Combine that with a big clue on the tick charts, and I’m now looking for Bear Traps to finish week!Amazing how quickly things can change…We weren’t quite convinced the bulls […]
Financial Markets Report For Thursday, Jan 16

Financial Markets Report For Thursday, Jan 16

Image Source: PixabayIn this video, Ira Epstein reviews the activity in the Financial Markets after the day that just ended, Thursday, January 16.Video Length: 00:08:21More By This Author:Metal Markets Report For Wednesday, Jan 15Financial Markets Report For Wednesday, Jan 15Metal Markets Report For Tuesday, Jan 14
Markets Stall At 20-Day MAs

Markets Stall At 20-Day MAs

Image Source: UnsplashAfter yesterday’s big gains it was always going to be hard for markets to continue in the same vein. All markets are near 20-day MAs, with the Russell 2000 (IWM) just above this key moving average and the S&P and Nasdaq just below. Volume was down on yesterday, so no distribution or accumulation to […]
The Commodities Feed: Sanction Risks Linger

The Commodities Feed: Sanction Risks Linger

Image Source: Pixabay Energy – Large US natural gas storage decline  Oil prices traded weaker yesterday with ICE Brent falling back below US$82/bbl. From a technicals point of view, the market is in overbought territory and so overdue a correction. However, mounting supply risks continue to provide broad support to oil prices. There are reports that […]
WTI Drifts Lower Below $78.00 On Halt In Houthis’ Red Sea Attacks

WTI Drifts Lower Below $78.00 On Halt In Houthis’ Red Sea Attacks

Photo by Timothy Newman on Unsplash WTI price loses traction to near $77.85 in Friday’s early Asian session.  Maritime security officials expect a halt to Houthi shipping attacks.  The expectation of rising oil demand during the Lunar New Year might support the WTI price.  West Texas Intermediate (WTI), the US crude oil benchmark, is trading around $77.85 on Friday. The WTI […]
GBP/USD Snaps Two-day Win Streak, UK Retail Sales In The Pipe

GBP/USD Snaps Two-day Win Streak, UK Retail Sales In The Pipe

Photo by Colin Watts on Unsplash GBP/USD pivoted around 1.2200 on Thursday as Pound bids waffle. UK data continues to miss the mark, UK Retail Sales figures up next. Forex markets get a rare breather from US-centric economic data. GBP/USD churned chart paper near familiar levels on Thursday, chalking in a flat day after exploring some intraday downside and […]
Gold Price Surpasses $2,700 As Fed’s Waller Turns Dovish

Gold Price Surpasses $2,700 As Fed’s Waller Turns Dovish

Image Source: Pixabay Gold rallies as US retail sales miss, offset by prior strong consumer spending. An unexpected rise in US jobless claims pressures the US Dollar and boosts Gold. Fed Governor Waller’s dovish remarks hint at possible rate cuts in March. Gold price surged above the $2,700 mark on Thursday as the Greenback trimmed some of […]
Investors Enter A Transitional Year With A Mix Of Hope, Angst, And Optimism

Investors Enter A Transitional Year With A Mix Of Hope, Angst, And Optimism

Image Source: Pexels Strong US stock market performance has been driven, in my view, by the combination of: 1) a dovish Fed, money supply growth and global capital flight to the US (“shadow liquidity”), 2) expectations of lower energy costs and falling inflation, 3) AI exuberance and capex and the promise of massive productivity gains, and […]