Category Archive: Finance, No picture
America Needs To Go Cold Turkey On Debt
Image Source: UnsplashPeter recently appeared on the Bald Guy Money show for a conversation on gold’s role in American and global politics, the influence of the BRICS coalition on metals markets, and, as always these days, the disastrous monetary policy coming out of the Fed. Peter and Roger start their conversation by discussing how unlikely it is that the […]
This Perfect Pullback Could Be Our Biggest Win Of All Week
Image Source: Unsplash Wow, what a move today! We had a big move higher today, and a retest of all-time highs…Put those 2 clues together and this PERFECT PULLBACK could be our easiest money all week!Anytime I see a big move higher into all-time highs, there are (3) trades I look for the following day…#3 is […]
Asia Morning Bites For Thursday, May 16
Image Source: Unsplash Global Macro and Markets Global Markets: US Treasury yields tumbled after what was, objectively viewed, only a very modest undershoot of April’s inflation forecasts. The 2Y yield fell 9.1 basis points while the 10Y fell 9.9bp and is now just 4.34%. There was also some help from the retail sales release, and for […]
Elliott Wave Analysis For Major Indices S&P 500, SPY, Nasdaq 100, QQQ
Image Source: UnsplashS&P 500, SPY, Nasdaq 100, QQQ, DAX, FTSE 100, ASX 200: Elliott Wave Trading StrategiesElliott Wave Analysis Indices: SP 500 & NASDAQWave v of (v) of iii) of 1 of (5) of 3) of IToday, I will bring this count into the QQQ, SPY, DAX, FTSE, and ASX200. We’ll examine both the bigger picture […]
Current Analysis: MediPal Holdings Corporation
MediPal Holdings Corp (MAHLY) distributes pharmaceuticals and health and beauty products to medical institutions and retailers.The firm operates in three segments: (1) prescription pharmaceutical wholesale; (2) cosmetics, daily necessities, and OTC pharmaceutical wholesale; and (3) animal health products wholesale.The prescription pharmaceutical business generates the majority of revenue and distributes products to hospitals, clinics, and pharmacies.The […]
GBP/USD Extends Its Upside Above 1.2680 On Weaker US Dollar
Image Source: Unsplash GBP/USD gains momentum around 1.2688 amid the weaker USD on Thursday. The US CPI inflation eased to 3.4% YoY in April from 3.5% in March, as estimated. Steady UK wage growth raised fears of persistent inflationary pressures. The GBP/USD pair extends its upside near 1.2688 on Thursday during the early Asian session. The uptick of the major pair […]
Nasdaq 100 & S&P 500 Elliott Wave Update – Wed, May 15
Image Source: UnsplashVIX expiration today, once completed it was back to business which was to sell the VIX and buy the underlying volatility. Implementing the trade is a self-fulfilling trade. Nonetheless, the NQ and ES went parabolic at times both reaching existing highs (NQ) and new highs (ES). I have turned my focus to the 4-hour […]
Canadian authorities arrest self-proclaimed ‘Crypto King’ for $30M fraud
Aiden Pleterski, the self-proclaimed “Crypto King” from Whitby, Ontario, has been arrested on charges of fraud and laundering the proceeds of crime in Canada.The arrest follows Pleterski’s collection of millions of dollars from investors, which he allegedly spent on luxury goods instead of investing in digital assets. During the crypto boom between 2021 and early […]
Stocks End Higher As Implied Volatility Drops Following CPI Report
Image Source: UnsplashStocks finished higher on the day, no surprise, given that implied volatility levels fell sharply from yesterday’s closing once the CPI report was released. The CPI report itself seemed pretty much as expected, and the inflation trends we have talked about remained unchanged. If there was a slowing in the overall trend, it wasn’t […]
Fresh Breakouts For S&P And Nasdaq
Image Source: UnsplashBit by bit, the bearish thesis I had outlined in April is no more. Today delivered strong breakouts for the Nasdaq and S&P, although the Russell 2000 (IWM) still has some work to do.The S&P delivered a clean breakout on higher volume accumulation. A technician couldn’t ask for a better move. Now it’s up to the […]
