Category Archive: Finance, No picture
C3 AI Inc. Elliott Wave Structure Favors More Downside
Image Source: PexelsIn this technical blog we are going to take a look at the Elliott Wave path in C3 AI Inc. (AI) and explain why the stock should see more downside in a Zig-Zag correction towards a Blue Box area.C3 AI Inc, founded in 2009, is an American technology company specializing in enterprise artificial intelligence. Based in Redwood […]
US Stocks Plunge As Tech Shares, Including Nvidia And AMD, Decline Amid Economic Concerns
Image Source: Unsplash US stocks fell sharply on Tuesday, with the Dow down 480 points and Nasdaq dropping 1.8%. Semiconductor stocks, led by Nvidia’s 6% drop, were among the biggest losers, affecting the tech sector. September is historically a weak month for stocks; investors are cautious ahead of the August jobs report. US stocks faced a […]
The Dollar Is Bid But Ueda Lends Support To The Yen
Image Source: UnsplashOverview: The dollar is bid as the upside correction that began last week continues today. The greenback is trading above last week’s highs against most of the G10 currencies. The yen is the notable exception. Comments by BOJ Governor Ueda has reiterated his intention to raise rates further provided the economy continues to perform as […]
Manufacturing And Construction Together Suggest Weak But Still Expanding Leading Sectors
Image Source: PexelsAs usual we start the month with two important reports on the leading sectors of manufacturing and construction.First, the ISM manufacturing index showed contraction yet again, with the headline number “less negative” by way of increasing from 46.8 to 47.2, and the more leading new orders subindex declining sharply by -2.8 from 47.4 to […]
SEC charges Galois Capital for FTX-linked custody violations
Key Takeaways Galois Capital failed to use a qualified custodian for crypto assets, violating the Custody Rule. The firm misled investors about redemption policies, favoring some over others. Share this article The US Securities and Exchange Commission (SEC) has charged Galois Capital Management, a former registered investment adviser, with violations of the Investment Advisers Act. […]
Semis Set For A Historic Crash
Image Source: UnsplashSemis could be one of the greatest wipeouts of the decade, led by the laughably overvalued NVDA (which has been on fire due to the even more laughably overvalued AI nonsense). This stock peaked months ago. In 2026, people will look back and laugh at these prices.This is, naturally, all bleeding into semiconductors as a whole, […]
Second Quarter Contraction In Hungary Confirmed
Image Source: Pexels Economic momentum lost again The Hungarian Central Statistical Office (HCSO) did not make any significant changes to the preliminary 2Q GDP data. On a quarterly basis, the Hungarian economy contracted by 0.2% in the April-June period. At the same time, the seasonally and calendar-adjusted year-on-year index remained at 1.3%, as indicated in the […]
Analysts weigh in: will Bitcoin’s September slump repeat this year?
Key Takeaways Bitcoin historically faces volatility in September, with an average 7% drawdown. Potential Fed rate cut adds complexity to Bitcoin’s September performance forecast. Share this article September is a traditionally volatile month for Bitcoin (BTC) that usually results in monthly losses, according to analysts. The projection is that BTC could fall to $55,000 if […]
Elliott Wave Technical Analysis: Soybean Commodity For Tuesday, Sept 3
Image Source: Unsplash Soybean Elliott Wave Analysis The long-term bearish cycle for soybeans, which began in June 2022, continues to push prices lower, currently trading near a four-year low. The downtrend shows no signs of a major reversal, and investors are likely to continue selling on rallies until a definitive bottom is reached. Technically, no significant reversal signals have been […]
Tesla Reports Best Sales Month In China; Stock Sees Slight Gains
Image Source: PexelsTesla, Inc. (TSLA) reported its best sales month of the year in China for August 2024, while its stock continues to show volatility in the market. The EV firm sold 37% more cars than in August, making it the company’s best sales month in China so far in 2024. Tesla’s China Sales Rebound from July, Numbers […]
