Category Archive: Finance, No picture
This Breakout Pullback Could Be Our Biggest Win Of This Week
Image Source: Unsplash One Day Left… Let’s Make It Count! Markets are range-bound after today’s massive jump higher, and this Breakout Pullback could make our entire week!Wow, what a move today… but don’t forget where we came from…That big range from earlier in the week is BEGGING for a Breakout Pullback and I want to make […]
3 Top Large Cap Stocks For A Stable Approach: ETN, DECK, UNH
Image Source: PexelsLarge-cap stocks are present in almost every portfolio. They carry a well-established nature, have greater analyst coverage, and commonly pay dividends, all of which make them so popular.Of course, their steady nature may not appeal to all. Still, the decreased volatility large-caps possess is well worth it in the eyes of more conservative investors. For […]
Asia Morning Bites For Friday, Sept 20
Image Source: Unsplash Global Macro and Markets Global Markets: Treasuries were fairly quiet on Thursday following all the FOMC excitement the day before. The 2Y yield was slightly lower by the end of the session, though falling only about 3.6 basis points, it is only about 2bp lower than pre-FOMC at 3.581%. The 10Y yield declined […]
Bitcoin enters ‘bull pennant’ breakout as S&P 500 hits all-time high
Key Takeaways Bitcoin’s bull pennant pattern suggests a potential rally with a target of $158,000 by 2025. The S&P 500 reaching a record high coincides with bullish signals for Bitcoin. Share this article Bitcoin has formed a bull pennant pattern on its monthly chart, suggesting a potential uptrend continuation, according to analyst Titan of Crypto. […]
The Ominous Reason Continued Unemployment Claims Have Improved
Image Source: PexelsContinued weekly unemployment claims have fallen from 1.87 million on July 20 to 1.83 million on September 7. Why?The level of 27 week or longer unemployment hit 1.533 million in August of 2024. That is up from 1.203 million in February and 1.050 million in January of 2023.Expiring Unemployment Benefits Most states offer 26 […]
Absolutely, Positively
Image Source: PexelsAs the sanity and calm of the evening hours are upon us, we can reflect on our economic data instead of the cocaine-induced lunacy of Thursday’s session. I present to you FedEx (FDX) which is plunging to the same price it was in…………… December 2020. Yep, almost four years of revenue and profits rendered moot.Under […]
The Overnight Stock Market Futures Party Magically Fizzled Midday
Image Source: UnsplashStocks finished the day higher, embarrassingly invalidating the 2b top pattern I thought had formed yesterday. It was a somewhat questionable move higher, with most gains occurring overnight during a low-volume, low-liquidity session. Once regular trading resumed, the gains were minimal, with the market only advancing by 13 basis points.The sad thing is that […]
Stocks And Precious Metals Charts – Deceitful Children And Their Illusions
Image Source: UnsplashAnd so we see a strong rally in stocks, based on no new information that triggered the sharp sell off from the day before.Gold and silver, which had sold off sharply the day before, rallied strongly.Gold has held its short term breakout fairly well so far. It needs to regain some momentum to take […]
Nasdaq 100 & S&P 500 – Elliott Wave Daily Update
Image Source: Unsplash Interesting, delayed reaction/response to the rate cut – I would say. With the buying starting in Asian markets and flowing through European markets but the time it got back to the U.S., the cash markets gapped higher with the futures and ETF’s adding to strong upside moves. It was interesting to watch the […]
Play Solana unveils first-ever crypto gaming handheld
Key Takeaways Play Solana Gen1 is the first web3 gaming handheld on the Solana blockchain. Details about the PSG1 preorder announcement, scheduled for tomorrow at the Solana Breakpoint Conference in Singapore. Share this article The first handheld web3 gaming device built on the Solana blockchain, Play Solana Gen1 (PSG1), has been officially announced today. The […]
