Category Archive: Finance, No picture
Will FTNT Bullish Sequence Attract Buyers From Pullbacks?
Image Source: UnsplashFortinet, Inc. (FTNT) is a leading cybersecurity company known for providing a wide range of security solutions, including firewalls, antivirus, intrusion prevention, and endpoint security. Founded in 2000 by Ken Xie, the company is headquartered in Sunnyvale, California. Fortinet’s flagship product is the FortiGate firewall, but it also offers a broad portfolio of products […]
Dow Jones Industrial Average Pares Recent Gains As Investors Take A Pause
Image Source: Pexels The Dow Jones shed half of a percent amid cautious market flows. The midweek market session has investors looking ahead to US PCE inflation. China GDP downgrade has investors concerned about physical trade. The Dow Jones Industrial Average (DJIA) trimmed near-term gains on Wednesday, backsliding 150 points in the midweek market session. A […]
The Not Affordable American Dream In Three Pictures
Image Source: UnsplashThe American dream, of buying a home and raising a family is all but dead for many Americans, especially generation Z.Case-Shiller Home Prices vs Average Hourly Earnings Since 2000 Home Prices: +49.1 Percent Average Hourly Earnings: +25.9 Percent Rent: +23.5 Percent CPI: +20.9 Percent Case-Shiller Home Price Index vs Mortgage PaymentThe above chart shows […]
A Price-Linked USD
Image Source: PexelsLet me introduce you, for those who aren’t already acquainted, to the Unidad de Fomento.The Unidad de Fomento (UF) is an almost-unique currency in the world.[1] It was established in 1967 by Chile as a non-circulating currency – I will get to that in a minute – and has survived a period of hyperinflation and […]
Elliott Wave Technical Analysis: Reliance Industries Stocks
Image Source: PexelsRELIANCE INDUSTRIES – RELIANCE (1D Chart) Elliott Wave / Technical Analysis: Function: Corrective Lower (Intermediate degree, orange.) Mode: Corrective Structure: Zigzag Position: Minute Wave ((ii)) Grey. Details: Minute Wave ((ii)) Grey could be complete around 3050. Minute Wave ((iii)) lower underway against 3220 Invalidation point: 3220Reliance Industries Daily Chart Technical Analysis and potential Elliott Wave Counts: Reliance Industries daily chart suggests a meaningful top is in place at 3220 in July 2024. Minute Wave ((v)) of […]
Domestic Factory Orders And Production Vs. Real Imports As Economic Forecasting Tools
Image Source: PexelsOver the past year, I have downgraded the importance of manufacturing indicators as a forecasting tool for the economy as a whole. This post explores why, and suggests a revised tool that may be a helpful short leading indicator.On Monday, durable goods orders rebounded sharply in July from their abrupt June decline. Still, as […]
AUD/USD Price Forecast: Uptrend Proceeds To Fresh Highs For August
Image Source: Unsplash AUD/USD continues rising in line with the dominant uptrend. The RSI is showing bearish divergence with price, however, warning of a possible pull back. AUD/USD extends its rally and makes higher highs as it continues the uptrend it began at the start of August. The pair reached a new monthly high of 0.6813 on […]
Super Short Success With Super Micro
Image Source: UnsplashWell, this was one of my greatest calls ever (or greatest puts, I suppose). If you’re curious if I ever mentioned SMCI as a short-sale candidate, you could drench yourself in the posts I wrote about it. It is collapsing under the weight of fraud accusations (which is the typical bull modus operandi; equity bulls are innately criminal). I have never shut up […]
Stocks To Watch Today: SJM, Berkshire Hathaway, And SMCI
Image Source: UnsplashIn a volatile day of trading, three notable stocks are making headlines for vastly different reasons. The J.M. Smucker Company (SJM) has slashed its annual outlook amid inflationary pressures, while Super Micro Computer (SMCI) is reeling from a short-seller report and delayed financial filing. Meanwhile, Warren Buffett’s Berkshire Hathaway (BRK-A) has achieved a historic milestone, becoming the […]
Subtle NVDA Earnings Hint
Image Source: UnsplashS&P 500 tried to break down early in the session, and so did Nasdaq – but the given 5,615 level held, and amid financials leadership (another up day with JPM up is as good as it gets), it‘s the SMH reversal and late session buying that reveal important signs about positioning for NVDA earnings after […]
