Category Archive: Finance, No picture
3 Imminent Breakouts Gold Investors Should Not Miss
Image Source: UnsplashGold and Silver broke out again late last week. Gold closed above $2700 last Thursday, and Silver followed Gold’s breakout with one of its own. Last Friday, Silver closed above $33, surpassing resistance at $32.50, which had held Silver since the middle of May. The breakout from a rough inverted head-and-shoulders continuation pattern projects to a […]
Elliott Wave Technical Analysis: AAVE Crypto Price News For Tuesday, Oct 22
Image Source: UpsplashElliott Wave Analysis TradingLounge Daily ChartAAVE/ U.S. dollar(AAVEUSD)AAVEUSD Elliott Wave Technical AnalysisFunction: Follow TrendMode: MotiveStructure: ImpulsePosition: Wave (4)Direction Next higher Degrees: Wave I of ImpulseWave Cancel invalid Level: 81.238Details:: The Corrective of Wave (4) before the Increase in Wave (5)AAVE/ U.S. dollar(AAVEUSD)Trading Strategy: The fourth wave correction before another increase in the fifth wave, which […]
AI-driven meme coin SLOP rises 56,000% in just 24 hours
Share this article The AI-inspired meme coin called SLOP surged an astonishing 56,000% within just 24 hours of its creation, according to Dexscreener data.The story of SLOP begins with an artificial intelligence agent named Namshub, created by developer Fabian Stelzer, the founder of Glif, an AI bot platform funded by Andreessen Horowitz.Stelzer built Namshub to […]
WTI Flat Lines Below $70.00 Mark; Demand Concerns Continue To Cap The Upside
Image Source: Unsplash WTI lacks any firm intraday direction on Tuesday amid mixed fundamental cues. Concerns about slowing demand continue to act as a headwind for Oil prices. Middle East tensions warrant some caution before positioning for further losses. West Texas Intermediate (WTI) US Crude Oil prices struggle to capitalize on the previous day’s modest gains […]
BlackRock Bitcoin ETF records $329 million net inflows despite market retreat
Key Takeaways BlackRock’s iShares Bitcoin Trust saw a significant influx of $329 million despite a dip in Bitcoin prices. The fund has surpassed Vanguard’s Total Stock Market ETF in terms of year-to-date inflows. Share this article BlackRock’s iShares Bitcoin Trust (IBIT) recorded around $329 million in new investments on Monday, even as Bitcoin’s value fell […]
Australian Dollar Depreciates As US Dollar Remains Solid Following A Surge In US Yields
Image Source: Unsplash The Australian Dollar declines as the US Dollar gains ground due to rising risk aversion. The hawkish sentiment surrounding the RBA could limit the downside for the AUD. 2-year and 10-year US yields stand at 4.02% and 4.19%, respectively. The Australian Dollar (AUD) stayed weak against the US Dollar (USD) on Tuesday, as the AUD/USD […]
These Reversal Trades Could Double Our Profits Tomorrow
Image Source: Unsplash Wow, these markets have been wild lately! But “zoom out” on the chart, and there’s an obvious clue telling us WHY markets are moving this way, and HOW we can profit from it!Anytime I see markets behaving this way, I know exactly why…Ranges! They love to rotate back and forth, and they give […]
No Stock Market Crash Is On The Horizon
Image Source: PexelsCrash calls are a permanent fixture on social media which attract quite a bit of attention. None of them are even close to viable today.Crashes are rare and we just had one 4 years ago. Furthermore, secular bear markets do not end with crashes when bonds are in a secular bear as they are […]
The Canasian Cannabis Report – Monday, Oct 21
Image source: UnsplashFor the trading week ended October 18, 2024 my proprietary Canadian Cannabis Company Index MCCCI increased by 2.4% compared to the prior week when it decreased by 3.2 %. 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 […]
Earnings Take Center Stage As The Trump Trade Reignites
Image Source: UnsplashMonday’s market action had all the hallmarks of a mixed bag, with the Dow Jones Industrial Average and S&P 500 retreating, while the Nasdaq bucked the trend, climbing higher as Nvidia (NVDA) hit a new all-time high. But let’s not get too carried away by Nvidia’s surge—it masked a subtle bearish intraday undertone as […]
