Category Archive: Finance, No picture
The Bar To Hike Again Is Exceptionally High, While The Bar To Cut Is Relatively Low
Image Source: UnsplashMARKETSAmid a lack of Tier 1 economic data, U.S. investors found momentum Tuesday afternoon as they eagerly anticipated Nvidia Corp.’s (NVDA) earnings report. Nvidia, a key player in the artificial intelligence boom, has been central to the current bull market. Additionally, traders were looking ahead to the release of the Federal Open Market Committee […]
US Dollar Breaks Out Against Swiss Franc, Further Upside Targeted
Image Source: UnsplashThe USDCHF currency pair has broken out above the key 0.9101 resistance level in recent trading sessions. This bullish breakout has opened the door for a potential continuation of the pair’s upside move. Further Gains Likely After Consolidation While some near-term consolidation may unfold following the breakout above 0.9101, further upside follow-through in the […]
VanEck’s Ethereum spot ETF listed on DTCC under ticker $ETHV
VanEck’s proposed spot Ethereum ETF has appeared on the Depository Trust and Clearing Corporation’s (DTCC) new securities list with the ticker $ETHV. This development comes shortly after Cboe released amended 19b-4 forms. ETHV: VanEck’s Ethereum ETF Awaits SEC Approval, Listed on DTCC While the DTCC listing is a crucial step for the ETF, it does not guarantee […]
Nasdaq 100 & S&P 500 Elliott Wave Update – Tue, May 21
Image Source: UnsplashBoth the Nasdaq and S&P 500 continued to make progress to the upside albeit within a “choppier” environment trading-wise. New highs within the current sequences continue to suggest an additional smaller price trough is likely before a stronger upside move. From the high should it complete the sequences on a minute, minute, Minor and […]
Tesla’s Fall From Grace: Down 55% From Its Peak
Image Source: PexelsThere was a time when Tesla (TSLA) was the Nvidia (NVDA) of its day. Its stock did nothing but go up, and its earnings calls were intensely anticipated.For a full 30 months now, Tesla has been a dog. It is down 55% from its peak, and for an ostensibly high-tech company to be worth less than half its peak value in this complete joke of […]
Top Analyst Reports For AMD, PepsiCo & SAP
Image Source: UnsplashThe Zacks Research Daily presents the best research output of our analyst team. Today’s Research Daily features new research reports on 16 major stocks, including Advanced Micro Devices, Inc. (AMD), PepsiCo, Inc. (PEP), and SAP SE (SAP), as well as two micro-cap stocks FitLife Brands, Inc. (FTLF) and National Presto Industries, Inc. (NPK). The […]
Wait… Interest Rates Cuts Will Be More Restrictive Than Hikes?
Image Source: Pexels After a blowout Q1, stocks swooned in April, raising concerns the bull rally had ended.Nope.The bulls returned in May and as of this recording, the S&P, the Dow and the Nasdaq are all trading at all-time-highs.Wall Street is confident, the financial media is downright gleeful, and the market momentum has a lot of tailwinds […]
“It’s happening”: Ethereum ETF approval is imminent as issuers amend 19b-4 filings
Bloomberg analyst James Seyffart shared on X that the movement to approve spot Ethereum exchange-traded funds (ETF) in the US “is happening.” According to Seyffart, at least five of the potential Ethereum ETF issuers have submitted their Amended 19b-4s in a 25-minute timespan. UPDATE: It’s happening. We have at least 5 of the potential #Ethereum […]
Stocks Hit New All-Time Highs… But Utilities Are Telling Us Something
Image Source: Pexels The tape doesn’t lie: The bullish thesis I’ve developed over the past few weeks has been vindicated. Ever since late April, I’ve been pounding the table about it. The way higher is wide open.Although, I’m a bit concerned as we move deeper into summer. What is it that makes me uneasy? Utilities, and […]
WTI Extends Losses After API Reports Unexpected Crude Build
Image Source: Unsplash Oil (and gasoline) prices were lower today (WTI sliding back near two-month lows) as the Biden administration said Tuesday it is releasing 1 million barrels of gasoline from a Northeast reserve established after Superstorm Sandy in a bid to lower prices at the pump this summer.However, the main driver for oil prices right now is “worry […]
