Category Archive: Finance, No picture
SPDR ETF Report For Wednesday, June 5
Image Source: PixabayIn this video, Ira Epstein reviews the day’s trading in various SPDR-ETF markets for the trading day that ended, Wednesday, June 5.Video Length: 00:13:13More By This Author:Financial Markets Report For Wednesday, June 5SPDR ETF Report For Tuesday, June 4Financial Markets Report For Tuesday, June 4
Investors Are Getting Rate Cut Giddy Again
Image Source: PexelsMARKETSThe S&P 500 and Nasdaq indexes skyrocketed to record closing highs on Wednesday, buoyed by tech stocks. Markets eagerly gobbled up economic data, suggesting the Federal Reserve might finally loosen its grip on monetary policy. The May private payrolls report hinted at a softening labour market, potentially nudging the Fed toward rate cuts this […]
This Perfect Pullback Could Make Us A Fortune Tomorrow
Image Source: Unsplash Holy Smokes, What a Move Today! Everyone’s looking to buy pullbacks after today’s big move higher today, but picking the best entry isn’t always easy, right?Don’t worry – this *Perfect Pullback* is the only strategy you need tomorrow!NVIDIA ran to the moon today and brought everyone along for the ride!The good news is, […]
Wall Street Admits The Biggest Economic Shocker: All Jobs In The Past Year Have Gone To Illegal Aliens
Image Source: PixabayFor much of the past year we had been pounding the table on two very simple facts: not only has the US labor market been appallingly weak, with most of the jobs “gained” in 2023 and meant to signal how strong the Biden “recovery” has been, about to be revised away (as first the Philly Fed and now Bloomberg both […]
Nasdaq 100 & S&P 500 Elliott Wave Update – Wednesday, June 5
Image Source: UnsplashPowerhouse rallies in the markets today with both the ES and NQ moving to multiple new ATH’s. Also, both markets managed to exceed Fibonacci resistance levels on several degrees. This delivers a stronger message in that the highs are not in yet and the upside resistance levels that we may have not been looking […]
Bitcoin DeFi security concerns still lurk, says Fireblocks executive
A Bitcoin (BTC) decentralized ecosystem has been in rapid development in 2024, with its total value locked (TVL) jumping 263% so far and surpassing $1 billion, according to data aggregator DefiLlama. Nevertheless, as a nascent sector where builders try to create applications compatible with other blockchains, new security issues might surface while it grows. Shahar Madar, […]
The Nvidia Rally Continues To Overwhelm
Image Source: UnsplashStocks finished mostly higher as the Nvidia craze continued to drive a bigger wedge between the indexes with and without Nvidia. As of today, Nvidia accounts for about 42% of the gains in the Nasdaq 100, and what is surprising is the split between the 62 advancers and the 42 decliners on the year. […]
The Next Big Breakout In Gold
Image Source: UnsplashA few months ago, Gold completed what, in time, will be viewed as the biggest Gold breakout in 50 years. It does not get any bigger or more significant than a breakout from a 13-year cup and handle pattern. The implications are incredibly bullish over the next few years and the next decade.Most have turned […]
Financial Markets Report For Wednesday, June 5
Image Source: PixabayIn this video, Ira Epstein reviews the activity in the Financial Markets after the day that just ended, Wednesday, June 5.Video Length: 00:14:42More By This Author:SPDR ETF Report For Tuesday, June 4Financial Markets Report For Tuesday, June 4Metals Report For Monday, June 3
Asia Morning Bites For Thursday, June 6
Image Source: Unsplash Global Macro and Markets Global Markets: US Treasury yields continued to fall overnight, despite what looked like a fairly positive services ISM (see more below), and perhaps taking their cue from the weaker ADP survey ahead of tomorrow’s payrolls. The yield on 2Y US Treasuries fell a further 4.8 basis points, while the 10Y yield […]
