Category Archive: Finance, No picture
This Range Reversal Could Crash The Entire Market
Image Source: Pexels We have a lot to talk about tonight! We got the breakout pullback to finish week last Friday, which was awesome…But buyers failed to hold above last week’s range, and price is now rotating down off the highs… a nightmare scenario for the bulls!The 60min chart is screaming reversal right now… are you […]
UNH: A Solid Healthcare Play In A Rotational Market
Image Source: UnsplashThe blistering hot theme in markets right now is obviously the China trade, and this means investor capital is being allocated towards the Hang Seng, China ADRs, and for institutions that have access, the Onshore A-Shares market. As for other rotational activity shared as opportunities, UnitedHealth Group Inc. (UNH) just saw a nice 2% bump.US markets […]
FTT jumps 50% after FTX gets court approval to repay customers in full
Key Takeaways FTX’s Chapter 11 reorganization plan was approved by a US bankruptcy court on Monday. FTX creditors will receive 119% of approved claims in cash following court approval. Share this article FTX’s native token, FTT, soared over 50% to $3.23 on Monday after FTX received court approval for its bankruptcy plan. The plan will […]
Top Analyst Reports For Meta Platforms, Cisco & Philip Morris
Image Source: PexelsThe Zacks Research Daily presents the best research output of our analyst team. Today’s Research Daily features new research reports on 16 major stocks, including Meta Platforms, Inc. (META), Cisco Systems, Inc. (CSCO), and Philip Morris International Inc. (PM), as well as two micro-cap stocks Earth Science Tech, Inc. (ETST) and Frequency Electronics, Inc. […]
Asia Morning Bites For Tuesday, Oct 8
Image Source: Unsplash Global Macro and Markets Global Markets: Despite a lack of macro data on Monday, US Treasury yields continued to move higher. The 2Y US Treasury yield rose 7.3 basis points and is now at 3.995%. The St Louis Fed President, Alberto Musalem, remarked that he did not think the Fed should ease too […]
Stocks Drop On October 7, And Are Poised To Move Lower
Image Source: UnsplashThe S&P 500 fell 90 bps today, closing at 5695, bringing the zero gamma level back into focus. This area has strong support, primarily because it separates the post-FOMC gap higher from the current island we’re sitting on. If the index gaps lower today, it could create an island reversal top, initiating a move […]
Supreme Court clears path for US to sell $4.4 billion in seized Silk Road Bitcoin
Key Takeaways Supreme Court paves way for US to sell $4.4 billion in Silk Road Bitcoin. Battle Born loses appeal as US preps for largest seized Bitcoin auction in history. Share this article The US Supreme Court has declined to hear an appeal regarding the ownership of 69,370 Bitcoin seized from the infamous Silk Road […]
Utilities Break As The S&P 500 Holds Its Range
Image Source: Unsplash The S&P 500 has been drifting for a few weeks in a 100-point range that has yet to be broken. Even today, S&P 500 futures (ES) finished down 0.90%… on light volume.The market as a whole has held up, but interest-rate-sensitive parts of the market are starting to break. Utilities, for instance, were […]
A Turbulent Monday For Markets
Image Source: Pexels MARKETSIn what can only be described as a turbulent Monday for markets, investors grappled with the “toxic trio”—rising inflation jitters, shifting interest rate expectations, and persistent volatility out of the Middle East. Throw in a healthy dose of skepticism surrounding Friday’s so-called blockbuster jobs report, and you’ve got a recipe for risk-off sentiment.With […]
Stocks To Avoid As EU Slaps Chinese EVs With Tariffs
Image Source: Pexels The European Union has officially voted to impose tariffs of up to 45% on electric vehicles (EVs) built in China.The EU’s long-awaited decision could significantly dent the bottom-line results of China-based carmakers such as Nio (NYSE: NIO), BYD (OTC: BYDDY), Li Auto (Nasdaq: LI) and XPeng (NYSE: XPEV).China-listed stocks got a huge boost in September when the nation’s central bank, the […]
