Category Archive: Finance, No picture
This Short Squeeze Could Make Our Entire Month
Image Source: Unsplash Final Day of May… Let’s Do This!! Markets just completed a 2-leg pullback on the 60min chart – the perfect spot for a Short Squeeze to finish the month!Tomorrow’s the final day of the month, and we have another BIG inflation report coming out…Combine that with this beautiful 2-leg pullback on the hourly […]
Nasdaq 100 & S&P 500 Elliott Wave Update – Thursday, May 30
Image Source: UnsplashBoth the NQ and ES continued lower for most of Thursday’s sessions – which aligns with some minor cycles heading into their respective “troughs” – between now and the beginning of June. I discuss the potential for the minuet 4th waves in both the NQ and ES may have completed at this afternoon’s lows, […]
How To Relax And Enjoy A Profitable Crypto Summer
Image Source: UnsplashAside from gold and the gold bugs, I can’t think of another asset class that fires up and drives those “animal spirits” the way cryptocurrency does. It’s been around 15 years since Bitcoin made its “Pizza Day” debut on markets, but it wasn’t until the mid-2010s that it started to gain some mainstream popularity. […]
Gold Price Advances Modestly, All Eyes On US PCE Data
Image Source: Unsplash Gold price trades with a mild positive bias on Friday. The weaker USD and decline of US yields support the yellow metal. Investors will take more cues from the US April PCE inflation data, which is due on Friday. Gold price (XAU/USD) rises modestly on Friday on the back of the softer US dollar […]
Asia Morning Bites For Friday, May 31
Image Source: Unsplash Global Macro and Markets Global Markets: US Treasury yields took a break from their upward trajectory, and unwound some of their recent increase yesterday. 2Y yields fell 4.9 basis points and 10Y yields fell 6.6bp to 4.546%. This drop in yields allowed EURUSD to move higher again, and it is now 1.0832 after briefly […]
US Market Rollercoaster: Between A Rock And A Hard Place
Image Source: Unsplash MARKETS This week, the US market felt more like a wild rollercoaster ride than a smooth cruise, as sentiment took a beating from various factors, mainly those pesky rising bond yields. A lacklustre bond auction and some hawkish whispers from the Fed had investors second-guessing their dreams of rate cuts.Sure, yields dropped after […]
3 Highly Ranked Stocks To Buy After Crushing Q1 Earnings Expectations
Image Source: UnsplashBelonging to the coveted Zacks Rank #1 (Strong Buy) list, several stocks are standing out after these companies were able to impressively exceed their first quarter top and bottom-line expectations on Wednesday.Here’s a look at three of these highly-ranked stocks that investors will certainly want to pay attention to following their strong Q1 results.Abercrombie […]
Dell Q1 Earnings: ‘No Company Is Better Positioned To Bring AI To Enterprise’
Image Source: Unsplash Dell Technologies reported its financial results for the first quarter today. Here’s what its CFO Yvonne McGill said in a press release on Thursday. Dell stock is now up roughly 100% versus the start of this year (2024). Dell Technologies Inc (DELL) is trading down in extended hours on Thursday even though it […]
Tug-Of-War In The Market
Image Source: UnsplashThe tug-of-war is plain as day: on the one hand, rational, logical, discerning truth-seekers, and on the other, unhinged, empty-headed, permabull nutjobs. We can see this play out by the way of the Dow 30 ETF (symbol DIA) as it has been hurled down, then up, then down again, by thousands of points. I […]
Trump meme coins down as NY jury finds former president guilty of felony charges
A New York jury found Donald Trump guilty on all 34 counts of falsifying business records to conceal a hush-money payment to adult-film actress Stormy Daniels just before the 2016 election. This verdict makes Trump the first former US president to be convicted of crimes as he faces current US President Joe Biden in November […]
