Category Archive: Finance, No picture
Pairs In Focus – Sunday, Oct. 20
Image Source: Unsplash USD/MXN The US dollar continued to punish the Mexican peso throughout the past week. I think the market is in the process of trying to build up enough momentum to finally break out above the crucial 20 MXN level. If and when it does, there could be quite a big move in the currency pair.However, […]
Russell 2000 Drifts Off The Highs But Holds Onto Breakout
Image Source: PexelsWednesday delivered the long-awaited breakout in the Russell 2000 (IWM), and while we didn’t get the follow-through higher, we did see buyers maintain breakout support. Friday’s selling volume ranked as distribution, but it was not particularly heavy volume overall. Technicals didn’t lose much ground over the two days of selling and remained net bullish. […]
Friday’s Price Action Pushed The Market To New Highs
Image Source: PexelsLast Friday’s break out of a well-defined short-term consolidation was followed by a nice-looking push to new highs. This is a bullish indicator.The PMO index is back at the top of its range. When the PMO is at this level, I start to raise some cash in order to capture profits and to have some […]
How Taylor Swift’s Merch Could Give Target An Edge Over Costco
Image Source: Unsplash Costco (COST) may have gold bars, but Target (TGT) is banking on its own kind of gold: Taylor Swift merchandise.The retailer announced exclusive Taylor Swift products for release on Black Friday, including a vinyl, CD, and a special book chronicling the singer’s experiences during her blockbuster Eras Tour.The move is part of Target’s […]
RYLD Yields 12%, IWM 1.1%: Which Is The Better Russel 2000 ETF?
Image Source: Unsplash Small cap companies have underperformed their large-cap peers in the past few years as most of them have struggled in a high-interest-rate environment. For example, the S&P 500 index and the Nasdaq 100 have had total returns of over 72% in the last five years, while the Russell 2000 index has returned 57.8% […]
Equity Investors: ‘This Is Fine’
Image Source: Pexels The market environment has changed dramatically from that which defined the past two decades. Interest rates are significantly higher which should bring equity valuations down though that is clearly not the case today. However, this may be one reason insiders have little to no appetite for their own shares at present. Then again, […]
Bitcoin Price Holds Above $68,000, But TD Sequential Sounds Sell Alarm
Image Source: Unsplash The Bitcoin price has not quite been able to replicate its midweek form over the weekend, hovering around the $68,000 level. Despite the quiet performance in the past day, the premier cryptocurrency has managed to hold its own above $68,000.However, a prominent crypto pundit on social media platform X has said that the […]
The Home Depot Inc: Is It A Buy?
Image Source: Unsplash As part of our ongoing series here at The Acquirer’s Multiple, each week we focus on one of the stocks from our Stock Screeners, and why it’s a ‘buy’ based on key fundamentals.One of the cheapest stocks in our Stock Screeners is: The Home Depot Inc (HD) Home Depot is the world’s largest home improvement specialty retailer, […]
Is The Stock Market Detached From Reality?
Image Source: Unsplash Earnings are vital to setting the trend for the broader stock market…Video Length: 00:12:07More By This Author:The List Of Bearish Technical Patterns In The Market GrowsStrong Retail Sales Data And Nvidia Help To Lift Stocks For NowStocks Finish Mixed As Chip Stocks Struggle To Gain Traction
