Category Archive: Finance, No picture
Elliott Wave Technical Analysis: KOSPI Composite Index
Image Source: Unsplash KOSPI Composite Elliott Wave Analysis Trading Lounge Day Chart, KOSPI Composite Elliott Wave Technical AnalysisFUNCTION: TrendMODE: impulsiveSTRUCTURE: gray wave 3POSITION: orange wave 3DIRECTION NEXT LOWER DEGREES: gray wave 4DETAILS gray wave 2 looking completed.Now gray wave 3 of 3 is in play.Wave Cancel invalid level: 2552.92The KOSPI Composite Elliott Wave Analysis for the […]
3 Highly Ranked Energy Stocks To Buy For Sound Growth & Value
Image Source: UnsplashAlthough crude oil prices have dropped over the last week several energy stocks are starting to stand out in terms of growth and valuation. To that point, many energy companies are reaping nice profits with crude prices still over $70 a barrel despite the recent dip.Coinciding with their increased profitability, several Zacks Oils and Energy […]
Pending Home Sales Slump Amid Higher Rates, High Prices
Image Source: UnsplashThe National Association of Realtors stated the obvious reason: “The impact of escalating interest rates throughout April dampened home buying, even with more inventory in the market.” They should have added: “and escalating interest rates on top of record high home prices that keep on rising.”Pending Home Sales IndexBottom line, we have the pace […]
Elliott Wave Technical Analysis: NEO Crypto Price News For Tuesday, June 4
Image Source: PexelsElliott Wave Analysis TradingLounge Daily ChartNEO/ U.S. dollar(NEOUSD)NEOUSD Elliott Wave Technical AnalysisFunction: Counter TrendMode: CorrectiveStructure: Double CorrectivePosition: Wave YDirection Next higher Degrees: Wave (II) of ImpulseWave Cancel invalid Level: 9.85Details: Wave (II) is equal to 61.8% of Wave (I) at 10.71 LevelNEO/ U.S. dollar(NEOUSD)Trading Strategy: The second wave corrects before rising again in the third […]
Bad News Is Good News?
Image Source: UnsplashRemember that global pandemic back in 2020 called COVID-19 that killed over 350,000 people in the U.S.? That same year, the unemployment rate reached a sky-high level of 14.9% (vs. 3.9% most recently) and the economy went into recession with GDP (Gross Domestic Product) declining by -2.2%. With the whole population locked in their homes and 9.4 […]
This Bear Trap Could Be Easy Money On Tuesday
Image Source: Unsplash Weekend’s over, let’s make some money! Markets have been wild lately – big short squeeze last Friday and a V-bottom reversal this afternoon.Put those (2) clues together and it’s easy to see why this BEAR TRAP might be the easiest money we make all week!Emini and Nasdaq are bullish after a V-bottom reversal […]
Nasdaq 100 & S&P 500 Elliott Wave Update – Monday, June 3
Image Source: UnsplashBoth the ES and the NQ continued to churn for much of Monday’s trade. I focused on the hourly chart to update the picture. Expectations remain for the current preferred count to move higher before completing. I update the EW labeling to include today’s action – also add Fibonacci extensions for a possible path […]
Crude Oil Downtrend Resumes After Breaking Key Support
Image Source: UnsplashThe WTI crude oil futures contract has broken below the key 76.01 support level, plunging as low as 73.65 in recent trading sessions. This technical breakdown suggests that the broader downtrend from the 87.07 high on April 5th has resumed. Further Downside Risks Emerge Following the break of the 76.01 support, the next key […]
Asia Morning Bites For Tuesday, June 4
Image Source: Unsplash Global Macro and Markets Global Markets: US Treasury yields continued to slide on Monday. 2Y yields fell 6.5 basis points and 10Y yields dropped 11bp taking them all the way down to 4.388%. The catalyst for this appears to have been the much weaker-than-expected manufacturing ISM survey which adds to the list of […]
Current Analysis: Telefonaktiebolaget L M Ericsson
Image Source: PexelsTM Editors’ note: This article discusses a penny stock and/or microcap. Such stocks are easily manipulated; do your own careful due diligence.Ericsson (ERIC) provides telecom equipment and services that are primarily used to build and facilitate mobile networks through operations in three segments: networks, cloud and software services, and enterprises.The firm’s customers have historically […]
