Category Archive: Finance, No picture
Oil Prices Surge On Supply Disruptions, But Contango Hints At Short-Lived Rally
Image Source: Unsplash Norway’s Johan Sverdrup oilfield halted production of oil, pushing prices higher. WTI market flipped to contango, indicating that there was adequate supply in spot markets. Russia-Ukraine war and a weaker dollar had pushed Brent and WTI prices higher on Monday. Oil prices edged up slightly on Tuesday, extending steep gains from the […]
These 2 Companies Shattered Quarterly Records
Image Source: UnsplashThe Q3 earnings season is slowly grinding to a halt, with just a small chunk of S&P 500 companies yet to reveal their quarterly results. We’ll hear from a few more members this week, with the retail sector primarily dominating the docket.And throughout the period, several popular companies, including Advanced Micro Devices (AMD – Free Report) […]
Gold Miners Junior Looking For Correction To End Soon
Image Source: UnsplashThe VanEck Junior Gold Miners ETF (GDXJ) is an exchange-traded fund that tracks the overall performance of small-cap companies primarily involved in gold and silver mining. GDXJ includes a diverse portfolio of junior miners, which are smaller, often early-stage companies with significant growth potential. GDXJ Monthly Elliott Wave View Monthly Elliott Wave view in […]
MicroStrategy stock soars to record high following $4.6 billion Bitcoin buy
Key Takeaways MicroStrategy shares ended at a fresh record high after a $4.6 billion Bitcoin purchase. The company aims to raise $1.75 billion through zero-interest convertible notes to buy more Bitcoin. Share this article Shares of MicroStrategy (MSTR) soared approximately 13% to a record closing high on Monday after the company disclosed it had acquired […]
Nasdaq 100 & S&P 500 Elliott Wave Update – Monday, Nov 18
Image Source: UnsplashAgain, the markets are not providing much additional information after today’s trade. I discuss the ETFs again today as they continue to IMHO take center stage with regard to the “options flows” with both the SPY and QQQ initially breaking above the volatility triggers and also in the case of the QQQ above the […]
The Canadian Cannabis Report – Monday, Nov 18
Image Source: UnsplashFor the trading week ended November 15, 2024 my proprietary Canadian Cannabis Company Index (MCCCI) decreased by 5.9% compared to the prior week when it decreased by 9.5 %. The index consists of 14 stocks, many of which are among the most widely held holdings of the 3 ETFs (MJ, CNBS, and THCX) that I consider […]
Wave Technical Analysis: Bitcoin Crypto Price News For Tuesday, Nov 19
Image Source: UnsplashElliott Wave Analysis TradingLounge Daily ChartBitcoin/ U.S. dollar(BTCUSD)BTCUSD Elliott Wave Technical AnalysisFunction: Follow TrendMode: MotiveStructure: Impulseposition: Wave VDirection Next higher Degrees: wave (I)Wave Cancel invalid level:Details: The five-wave rise of wave V is likely equivalent to wave I at the 98360 level. Bitcoin/ U.S. dollar(BTCUSD)Trading Strategy: The correction in wave 2 seems to be over so […]
Australian Dollar Holds Steady After The Release Of The RBA Meeting Minutes
Image Source: Unsplash The Australian Dollar holds its position as the RBA Minutes highlight the need for restrictive monetary policy. RBA Board members also emphasized that “nothing can be ruled in or out” regarding future monetary policy adjustments. The US Dollar may appreciate as the incoming Trump administration is expected to prioritize tax cuts and impose higher […]
Stocks Manage To Rise As The Dollar And Rates Retreat – For Now
Image Source: UnsplashRates dipped slightly today, with the 10-year Treasury falling by about two basis points and the dollar index declining by 40 basis points, providing some relief to risk assets. Given the significant movements in rates and the dollar recently, a pause to consolidate these gains seems natural.The dollar index remains well above the 10-day […]
This Big Move Strategy Could Double Our Profits This Week
Image Source: Unsplash Weekend’s over – let’s make some money! Markets made a BIG MOVE lower last Friday…Combine that with the overall bull market and this *Big Move* Strategy gives us plenty of ways to make money!Wow… the 60-minute chart is giving us a lot of clues right now!Big move higher into a range after the […]
