Category Archive: Finance, No picture
Crude Oil Forecast: Chops Around
Crude oil markets experienced an interesting start to the trading session on Tuesday as they gapped higher, only to later encounter significant volatility.Unsplash The West Texas Intermediate Crude Oil market initially displayed strength with a gap higher at the beginning of Tuesday’s session. However, it soon retraced, falling towards the 50-Day Exponential Moving Average. This market continues to […]
Day Chart Elliott Wave Technical Analysis: EURUSD, Wednesday, October 25
EURUSD Elliott Wave Analysis Trading Lounge Day Chart, 25 October 23Euro/U.S.Dollar(EURUSD) Day ChartEURUSD Elliott Wave Technical AnalysisFunction: Counter TrendMode: impulsive Structure:5 of APosition: wave 2Direction Next Higher Degrees: red wave BDetails: black wave 4 completed at 1.06943 .Now wave 5 of A is in play . Wave Cancel invalid level: 1.07636The EUR/USD Elliott Wave Analysis for […]
Elliott Wave Technical Analysis: Amazon Inc., Wednesday, Oct. 25
Amazon Inc., Elliott Wave Technical AnalysisUnsplashAmazon Inc., (AMZN): 4H Chart, Wednesday, Oct. 25AMZN Stock Market Analysis: We are monitoring the possibility of a wave {iv} to be in the making as we have been moving sideways ever since we topped in August of this year. As we keep moving higher and lower in three wave structures […]
Commodity Markets: Bitcoin Bonds Yields, Elliott Wave Analysis
TradingLounge’s Commodity Report:Bitcoin, US Bond Yields, USD, DXY, US Gold XAU, GDX, Silver XAG, Gold Stocks, Iron Ore, Copper, Uranium, Crude Oil, Natural Gas. Commodities Market Summary: Best trades are gold / silver see video as these are not set up as yet. Bitcoin Wave 3 trend is strong and will see 40k. Uranium trend […]
Bitcoin Looking To Extend Higher As Impulse
Image Source: UnsplashShort Term view of Bitcoin (BTCUSD) suggests that cycle from 9.11.2023 low is in progress as an impulse Elliott Wave structure. Up from 9.11.2023 low, wave 1 ended at 27493.1 and pullback in wave 2 ended at 25994.2. The crypto currency then extended higher again in wave 3. Up from wave 2, wave ((i)) at […]
Current Analysis: Mullen Group (MLLGF)
Photo by Maxim Hopman on UnsplashMullen Group Ltd (MLLGF) is a logistics provider with a network of independently operated businesses providing a wide range of service offerings including less-than-truckload, truckload, Specialized & Industrial Services warehousing and logistics, U..S. and International Logistics, and Corporate.The company also provides a diverse set of specialized services related to the […]
Key Market Relationships For Next Big Move
Image Source: UnsplashFirst off, we are heading out of town to New York where I will be visiting in studio several media channels and hosts.Then, we are off to Orlando for the Money Show.November 1st, Keith and I go on vacation until the middle of the month.This is the last Daily I will be writing for […]
S&P 500 Gains Ground, Snapping Losing Streak To Hang On Near $4,245 S&P 500 Technical Outlook
Image Source: Unsplash S&P 500 index climbs back into the 200-day SMA after declining for four straight trading days. US equities broadly reversed recent declines following a data beat for US PMI figures. US Treasuries saw an uptick in volatility but settled lower, 10-year T-note settled at 4.819% after cracking 5%. The Standard & Poor’s 500 […]
Micro/Small Cap AI Stocks Index Down 17% MTD; Still Up 101% YTD
TM Editors’ note: This article discusses a penny stock and/or microcap. Such stocks are easily manipulated; do your own careful due diligence.Image Source: Unsplash Most AI & related (AI&R) stocks trade for hundreds of dollars per share yet there are a number of less expensive micro/small cap AI&R stocks (i.e., stocks with market capitalizations above $50M […]
Visa Tops Q4 Earnings And Revenue Estimates
Image Source: Unsplash Visa (V – Free Report) came out with quarterly earnings of $2.33 per share, beating the Zacks Consensus Estimate of $2.23 per share. This compares to earnings of $1.93 per share a year ago. These figures are adjusted for non-recurring items.This quarterly report represents an earnings surprise of 4.48%. A quarter ago, it was expected […]
