Category Archive: Finance, No picture
Mag 7 Earnings Loom: What Can Investors Expect?
Image Source: Unsplash Total Q3 earnings for the 120 S&P 500 members that have reported results through Wednesday, October 23rd, are up +1.9% on +4.2% higher revenues, with 79.2% beating EPS estimates and 63.3% beating revenue estimates. The earnings growth pace for this group of 120 index members represents a deceleration from what we had seen […]
Australian Dollar Gains Ground Following Domestic PMI Release
Image Source: Unsplash The Australian Dollar remains stronger after the release of Purchasing Managers Index data on Thursday. Australia’s Judo Bank Services PMI inched up to 50.6 in October, marking its ninth consecutive month of expansion. Fed Beige Book report indicated that economic activity was “little changed in nearly all Districts.” The Australian Dollar (AUD) edges […]
Markets Up From Session Lows, Still Close In Red
Image Source: UnsplashMarkets closed off session lows today — which were -620 points on the Dow earlier this afternoon — but have rebounded somewhat. The Dow finished the day -409 points, -0.96%, while the S&P 500 nearly mirrored that output, -0.92%. The Nasdaq dropped the biggest percentage, -1.60%, while the small-cap Russell 2000 rolled off -0.79%.Economic […]
Michael Saylor says he supports Bitcoin self-custody for all amid community outrage
Key Takeaways Michael Saylor reverses his stance on Bitcoin self-custody, now supporting it as a fundamental right. Criticism from industry leaders influenced Saylor’s revised position. Share this article Michael Saylor said he advocates for Bitcoin self-custody as a fundamental right after his bank custody proposal sparked outrage among crypto community members.In an attempt to clarify […]
This Rug Pull Strategy Could Make Us A Fortune
Image Source: Unsplash Woah, what a move today! Markets got the “rug pulled” out from underneath them today…Big moves like these give us plenty of ways to make money – here are (3) “Rug Pull” trades on my radar!Emini and Nasdaq both made BIG MOVES lower today…We’re overall bullish on the 60min – combine that […]
Stocks Finally Break The Stalemate As Rates Climb
Image Source: PexelsStocks moved lower as Nvidia (NVDA) faced rising implied volatility and a bearish technical setup. More importantly, the S&P 500 broke the rising wedge pattern we’ve been monitoring for some time. As of now, we’re seeing the effects of last week’s bearish engulfing pattern. Remember, I mentioned last week that, based on past behavior, it can sometimes take a week for these patterns to […]
Wall Street Gripped By Election Anxiety
Image Source: PexelsMARKETSStocks continue to feel the pressure from the bond market sell-off as the hawkish repricing of the Fed curve forces investors to rethink their expectations for aggressive rate cuts. Over the past month, Treasury yields have steadily climbed, with traders recalibrating their outlook on the Fed’s policy trajectory. However, the recent spike in yields—driven […]
DJIA On Cusp Of Correction As 30-Year T Bond Yield Hits 4.52%
Image Source: PexelsThis article is a follow-up to my last article on TalkMarkets: Caution, DJIA Price At Premium To ValueOn Friday, October 19, 2024, the DJIA closed at a record 43,276, exactly 4,900 points or 12.8% above its Dividend Discount Value (DDV) of 38,376. On October 3, 2024, I cautioned that the DJIA price at 42,330 was at an 11.1% […]
Evening Aftermath
Image Source: PexelsThis is, at last, the first interesting evening of earnings in this cycle, and Tesla (TSLA) is knocking the doors off, with a lift-off of about 7% based on strong earnings. This would completely seal the gap from October 10th.Lam Research (LRCX) is likewise enjoying a rally.In sharp contrast to this, International Business Machines (IBM) is tumbling, presently down […]
Nasdaq 100 & S&P 500 Elliott Wave Update – Wednesday, Oct 24
Today’s trade was an excellent example of what happens in a market when the volatility triggers, put walls, and large gamma levels are broken. I’ve discussed it on several occasions and today we saw the effect in motion as wave after wave of selling brought the indexes down. Both the NQ and ES reached support […]
