Category Archive: Finance, No picture
No Change In South American Weather. The Corn & Ethanol Report
We kicked off the day with Chicago Fed National Activity Index at 7:30 A.M., Redbook YoY at 7:55 A.M., Existing Home sales, Existing Home Sales MoM at 9:00 A.M., 2-Year FRN Auction and 41-day Bill Auction, 10-Year TIPS Auction at 12:00 P.M., FOMC Minutes at 1:00 P..M., and API Energy Stocks at 3:30 P.M. Image Source: Unsplash […]
Chart Of The Day: Denison Mines – Uranium Is Hot
Image Source: Unsplash 100% technical buy signals 10 new highs and up 21.85% in the last month 70.17+ Weighted Alpha The Chart of the Day belongs to the Canadian uranium miner Denison Mines (DNN). I found the stock by using Barchart’s powerful screening functions to find stocks with the highest technical buy signals, highest Weighted Alpha, superior current […]
Argentina Has A Libertarian President-Elect: How To Invest In Argentina
Image Source: Unsplash In case you haven’t heard the news, the president-elect for the nation of Argentina is Javier Milei, the first libertarian leader of a major country. He primarily identifies as a minarchist, libertarian, or classical liberal, and advocates for a minimalistic government focused solely on justice and security, with a strong opposition to socialism […]
Cotton Prices Forecast: Recovery Not In Sight As Demand Slips
Photo by Amber Martin on Unsplash Cotton prices have struggled to gain traction this year as demand and supply divergences continued. It was trading at $79.32 on Tuesday, a few points above the year-to-date low of $76.20. Cotton remains about 14% below the highest point in 2023 and 43% lower than its 2022 high. Weak demand and higher supplies […]
US Stocks Can Be Nearing Temporary Resistance Ahead Of FOMC
Photo by Nicholas Cappello on Unsplash US stocks are in massive and impulsive recovery in November, but we can see them approaching an interesting area from a technical point of view and by Elliott wave theory.SP500 came nicely higher for wave »v« of 5, but we should be now aware of a higher degree corrective […]
Inflation-Battered Americans Raiding 401k’s To Pay Mortgages And Rent
In the latest sign of an economy edging deeper into troubled waters, more Americans are raiding their 401(k) retirement accounts to cover basic living costs, according to data released by Fidelity Investments on Monday. “Americans outside the wealthiest quintile have run out of extra savings generated early in the pandemic and now have less cash on hand than they […]
Markets Need A Breather
Image Source: Unsplash Markets had a good day on Monday on low volume to start a holiday-shortened trading week, pushing into three standard deviations from the 50-DMA. While that’s not a huge bear flag, markets just overbought at this point, typically this will be followed by some type of pullback. There is presently a big gap […]
Earnings Review: LOW Reports A 7.4% Decrease In Comparable Sales
Image Source: Unsplash LOW’s comparable sales fell by 7.4% in the third quarter of 2023. Total reported revenue of $20.5 billion fell short of the expected $20.88 billion. Key Highlights Revenue Shortfall: Lowe’s reported total sales of $20.5 billion, slightly below the expected $20.88 billion, with a 7.4% decrease in comparable sales due to a decline in […]
Nvidia Volatility Ahead
Image Source: Unsplash Nvidia’s (NVDA) shares have risen over 230% since the start of the year and their earnings are due out after the close on Tuesday. From a seasonal perspective there is a very strong upside bias in Nvidia, but look at the volatility that there has been too! The average gain has been 12.07% […]
Elliott Wave Technical Analysis: The Coca-Cola Company – Tuesday, November 21
The Coca-Cola Company., Elliott Wave Technical AnalysisThe Coca-Cola Company., (KO): 4h Chart 21 November 23KO Stock Market Analysis: We have been monitoring Coca-Cola price for a few days now as we have been trading just below 58$. We seem to be in a corrective structure which could take us higher into wave {v} of 1. […]
