Category Archive: Finance, No picture
3 Key Upcoming Quarterly Releases Investors Can’t Ignore: NKE, PGR, DPZ
Image Source: UnsplashThe Q3 earnings season looks to be positive, with earnings growth expected to be strong and again underpinned by a robust showing from the Tech sector.Three notable companies – Progressive (PGR – Free Report), Nike (NKE – Free Report), and Domino’s Pizza (DPZ – Free Report) – are all on the reporting docket in the upcoming weeks.Let’s take a closer […]
US Bitcoin ETFs net $365 million in a single day as Bitcoin rallies above $65,000
Key Takeaways US spot Bitcoin ETFs have garnered over $600 million so far this week. ARK Invest’s ARKB led with $114 million in new capital on Thursday. Share this article US investors poured around $365 million into the group of spot Bitcoin ETFs on Thursday, bringing the total net buying to over $600 million so […]
Elliott Wave Technical Analysis: Bitcoin Crypto Price News For Friday, Sept 27
Image Source: UnsplashElliott Wave Analysis TradingLounge Daily ChartBitcoin/ U.S. dollar(BTCUSD)BTCUSD Elliott Wave Technical AnalysisFunction: Counter TrendMode: CorrectiveStructure: Double Correctiveposition: Wave ((Y))Direction Next higher Degrees: wave IVWave Cancel invalid level: Details: The decline of wave IV is likely to end and the price is re-entering the uptrend.Bitcoin/ U.S. dollar(BTCUSD)Trading Strategy: It looks like the wave IV correction is complete and the […]
SMH Semiconductor ETF Should Continue Pushing To The Upside
Image Source: UnsplashThe VanEck Semiconductor ETF (SMH) is an exchange-traded fund that tracks a market-cap-weighted index composed of 25 of the largest U.S.-listed semiconductor companies. The top holdings of SMH include companies like NVIDIA, Taiwan Semiconductor Manufacturing, Broadcom Inc., Texas Instruments, QUALCOMM, ASML Holding N.V., Applied Materials, Inc., Lam Research Corporation, Micron Technology, Inc., and Advanced Micro Devices, Inc. SMH 4 Hour Chart May 23th In May, we showed how […]
Australian Dollar Remains Tepid As US Dollar Advances Ahead Of PCE Price Index For August
Image Source: Unsplash The Australian Dollar may regain ground due to improved market sentiment amid China’s stimulus measures. Australian Treasurer Jim Chalmers views China’s new stimulus measures as a “really welcome development.” Higher US Treasury yields contribute to the support of the US Dollar. The Australian Dollar (AUD) edges lower against the US Dollar (USD) on […]
Apple’s $3.3 Trillion “Self-Destructive” Secret…
Image Source: UnsplashWhat if you built a whole business around killing your most successful product?Seriously.What if you spent years of your time and billions of dollars to revolutionize personal computing…What if you built an unprecedented new platform for business, art, self-expression, and software development…Then, as soon as your breakout product took over the world — you […]
This Bear Trap Could Make Us A Fortune This Friday
Image Source: Pexels Woah, what a wild session today! These markets might seem impossible to trade right now…But look closely, and you’ll see 2 easy trades for tomorrow – my favorite is this Bear Trap. Are you seeing it too?Emini and Nasdaq made big moves higher AND lower today…That’s an important clue because big moves in BOTH […]
S&P Sets New Closing High; COST Mixed In Fiscal Q4
Image Source: UnsplashThe S&P 500 notched a new all-time closing high Thursday, rising by +23 points or +0.40%, to 5745. And it was the laggard among major stock market indexes for the session: the Dow grew +260 points, +0.62%, while the Nasdaq gained +108, +0.60%, and the small-cap Russell 2000 +0.57% on the day. China Stimulus […]
Monetary Policy Was Even Worse Than We Thought
Image Source: PexelsIn a recent post, I made the following claim: So why wasn’t the overall inflation rate transitory, as many had predicted? The answer is simple. All of the cumulative inflation since 2019 is demand side, and demand side inflation is permanent. PCE inflation over the past 5 years has exceeded the Fed’s 2% target by […]
Asia Morning Bites For Friday, Sept 27
Image Source: Unsplash Global Macro and Markets Global Markets: US Treasuries continued to move higher yesterday, though unlike yesterday when auction indigestion was the obvious culprit, there are no obvious new drivers for this latest move. 2Y Treasury yields rose 6.9 basis points, though there was a smaller increase for 10Y yields which rose only 1.1bp, […]
