Category Archive: Finance, No picture
The Energy Report: Free Pass
Photo by Zbynek Burival on UnsplashThe oil price fell 4% as the market sucked out war premium after a comment by Israeli Prime Minister Benjamin Netanyahu. Israel will do everything it can to bring the hostages home and the perception that Iran will get a free pass and will continue to ship oil as if […]
Tesla Short Sellers Have Made Over $3 Billion Since Its Q3 Earnings Call
Tesla (TSLA) shares fell over 18% after coming under significant pressure from the company’s disappointing Q3 earnings call and demand concerns. Among those that capitalized heavily on this decline were Tesla short sellers, who bagged $3 billion since the earnings report. Tesla Erases $213B Off Market Cap Since Q3 Earnings CallShort sellers targeting Tesla stock raked in $3 billion from […]
Bear Of The Day: Polaris
Polaris (PII) is a Zacks Rank #5 (Strong Sell) that designs, engineers, manufactures, and markets power sports vehicles worldwide.The stock started 2023 off on a positive note, with three straight earnings beats. This helped the stock start up 40% on the year, but since late July Polaris has plummeted and is now down 15% for the […]
4 Hour Chart Elliott Wave Technical Analysis: USDCHF – Tuesday, October 31
USDCHF Elliott Wave Analysis Trading Lounge 4 Hour Chart, 31 October 23U.S.Dollar/Swiss Franc(USDCHF) 4 Hour ChartUSDCHF Elliott Wave Technical AnalysisFunction: TrendMode: impulsiveStructure: red wave 2 of blue wave 1Position: Black wave 3Direction Next Higher Degrees: red wave 3 Details: Red wave 1 looking completed at 0.90491,now red wave 2 is in play , after […]
BOJ And China PMI Disappoint, While EMU Q2 Growth And October Inflation Were Softer Than Expected
The Bank of Japan softened its 1.0% cap on the 10-year, while lifting its core CPI forecast this fiscal year and next. This disappointed many who anticipated a bolder move to exit the extraordinary monetary policy. The yen was sold in disappointment and the dollar has returned to the JPY150.75 area. The eurozone contracted by […]
Elliott Wave Technical Analysis: Analog Devices – Tuesday, October 31
Analog Devices Inc., Elliott Wave Technical AnalysisAnalog Devices Inc., (ADI:NASDAQ): 4H Chart, 31 October 23ADI Stock Market Analysis: We have been looking for a wave (2) to take place and we seem to be in the final stages of the correction. We seem to have had a complex correction as we continued to move in three wave […]
Bank Of Japan’s Slow Move To The Exit Keeps JPY Soft
Photo by Ibrahim Boran on UnsplashUSD/JPY is higher in Europe after the BoJ made the lightest of tweaks to its Yield Curve Control policy. At the same time, US Treasuries are slightly better bid as the Treasury announced a smaller borrowing requirement in the fourth quarter. Today’s highlights include the US Employment Cost Index and 3Q […]
Day Chart Elliott Wave Technical Analysis: USDCHF – Tuesday, October 31
USDCHF Elliott Wave Analysis Trading Lounge Day Chart, 31 October 23U.S.Dollar/Swiss Franc(USDCHF) Day ChartUSDCHF Elliott Wave Technical AnalysisFunction: TrendMode: impulsiveStructure: blue wave 1 of black wave 3Position: Black wave 3Direction Next Higher Degrees: blue wave 1 (continue)Details: black wave 2 completed at 0.88885 .Now blue wave 1 of black wave 3 is in play. Wave […]
Crude Oil Futures: Extra Weakness Appears Favoured
Image Source: UnsplashCME Group’s flash data for crude oil futures market noted traders increased their open interest positions for the third straight session on Monday, now by around 22.5K contracts. Volume followed suit and went up by nearly 91K contracts, setting aside two daily drops in a row.WTI: Next on the downside comes $80.00Monday’s marked retracement […]
Gold Breaking Out Vs. US Banks
Image Source: UnsplashThis week we will look at the performance of gold compared to the United States financial sector. When this relationship is rising, it can be said that investors are showing a preference for hard money. When it is falling, investors are showing more confidence in the paper money system. The first chart we’ll review is gold vs. […]
