Category Archive: Finance, No picture
Elliott Wave Analysis On Tesla Suggests A Double Correction
Image Source: PexelsShort Term Elliott Wave in Tesla (TSLA) suggests the rally from 4.22.2024 low is in progress as an impulse. Up from 4.22.2024 low, wave (1) ended at 198.90 as the 45-minute chart below shows. Wave (2) pullback is currently in progress. The internal subdivision of wave (2) takes the form of a double three Elliott […]
Australian Dollar Extends Losses Due To Risk Aversion After Stronger US PMI
Image Source: Unsplash The Australian Dollar continues to lose ground after the release of higher-than-expected US PMI data. Australian equities faced pressure due to the lower commodity prices amid hawkish sentiment surrounding the Fed. US Dollar gained ground after FOMC Minutes suggested a lack of progress on inflation. The Australian Dollar (AUD) continues its losing streak […]
Stocks See Big Swings Now That Rate Hikes Have A Pulse Again
Image Source: UnsplashStocks moved sharply lower today after opening sharply higher. It was, as expected, a reasonably volatile day, with many surprise turns, given that Nvidia (NVDA) was up nearly 10%, and the S&P 500 finished lower by around 75 bps. There was a 1.4% reversal in the S&P 500 overall intraday, while the Nasdaq 100 […]
Nasdaq 100 & S&P 500 Elliott Wave Update – Thu, May 23
Image Source: UnsplashBoth the NQ and the ES reached new ATH’s on the opening today with those highs being the completion points for the current 3rd waves within the ongoing sequences up. The sell-off that ensued I am tracking as the expected 4th waves with the ongoing 5 waves up sequences. I updated the labeling and […]
BlackRock’s Ethereum spot ETF listed on DTCC under ticker $ETHA
BlackRock’s spot Ethereum ETF has been listed on the Depository Trust and Clearing Corporation (DTCC) with the ticker symbol $ETHA. The listing follows the US Securities and Exchange Commission’s (SEC) approval of eight spot Ethereum exchange-traded funds (ETFs).BlackRock’s spot Ethereum ETF on DTCCThe SEC filings list eight Ethereum ETFs from VanEck, Fidelity, Franklin, Grayscale, Bitwise, […]
AUD/USD Tumbles To Six-Day Low And Hovers Around 0.6600
Image Source: Unsplash AUD/USD falls 0.20% to 0.6605, continuing its third day of losses. US economic resurgence evident with S&P Global Composite PMI at a 12-month high of 54.4. Strong US Services PMI at 54.8 and Manufacturing PMI at 50.9 dampen hopes for a Fed rate cut. The Australian Dollar lost 0.20% against the US Dollar […]
Markets Take Profits Ahead Of Long Weekend
Image Source: UnsplashMarket participants took the opportunity to cash in a few chips today. We’re just one trading day out from Memorial Day weekend, which brings us to unofficial summer and the lower trading volume that often takes place over this period of time. The Dow, S&P 500 and the small-cap Russell 2000 are all now […]
Zeta Markets unveils appchain ZX built on Solana infrastructure
Derivatives decentralized exchange Zeta Markets today announced the launch of Zeta X (ZX), a layer-2 solution aimed at transforming decentralized derivatives trading. According to the announcement, the blockchain will be launched in early 2025. “Our goal with Zeta X is to redefine the performance standards of decentralized trading. It is Zeta Markets’ next milestone to […]
Stretched Risk Indicators Leave Investors Prone To Even Mildly Bad News
Image Source: PexelsStocks and bonds retreated after data indicated that US business activity accelerated alongside a rise in inflation, reinforcing expectations that the Federal Reserve will maintain its current policy stance.Following a solid performance by Nvidia (NVDA) and stretched market positioning, investors were particularly vulnerable to negative news. The S&P Global US PMIs release delivered just that, […]
About My Buy Alert On NVDA Before Earnings
Image Source: Pexels I’m sure by now you’ve seen a headline or two about Nvidia’s latest earnings, and their massive beat. The company reported a 600% profit explosion, largely due to AI-driven segments of their business. In response, the stock gapped up and is now trading at new all-time highs. The company is now worth more than […]
