Category Archive: Finance, No picture
Asia Morning Bites For Tuesday, May 14
Image Source: Unsplash Global Macro and Markets Global Markets: US Treasury markets were unusually quiet on Monday, though with US PPI today and US CPI on Wednesday, that may not last long. The 10Y yield dropped just one basis point to 4.487%. 2Y yields were virtually unchanged. We’ve got Powell speaking today, along with Fed […]
Nasdaq 100 & S&P 500 Elliott Wave Update – Mon, May 13
Image Source: PexelsFair trading early in Monday’s session. All directions, up down, and sideways were met with equal enthusiasm. I’ve updated the labeling after today’s price action and discussed one possibility for a quick “downdraft” created by either PPI or CPI (Tuesday and Wednesday). Also, review resistance levels and the EW labeling for this week.Video Length: […]
Markets Stall At Friday’s Highs As Trade Volume Continues To Fall
Image Source: UnsplashFriday’s highs continue to play as a top but today’s losses didn’t undercut Friday’s lows, leaving things in a bit of a ‘No-Mans-Land’. The Nasdaq returned to a ‘buy’ trigger for On-Balance-Volume and kept its challenge of the ‘bull trap’ intact. This could still go either way.The Russell 2000 (IWM) has been running along […]
PPI To Test The Soft Landing Narrative
Image Source: UnsplashMARKETSAsian stocks are poised for a cautious opening, mirroring the wary sentiment observed on Wall Street as investors brace for key U.S. inflation data. These forthcoming reports are anticipated to play a crucial role in shaping the outlook for Federal Reserve policy, contributing to the market’s cautious stance. Investors are particularly sensitive to this […]
What Wall Street Experts Are Saying About Alibaba Ahead Of Earnings
Image Source: Unsplash Alibaba Group (BABA) is scheduled to report results of its fiscal fourth quarter of FY24 before the U.S. market opens on Tuesday, May 14, and will hold a conference call to discuss the results at 7:30 a.m. U.S. Eastern Time the same day. What to watch for: MORE AGGRESSIVE SPENDING: Last quarter, Alibaba reported Q3 adjusted […]
How To Find The Next GameStop “Squeeze” Play
Image Source: Pexels The S&P 500 faded today ahead of a looming raft of inflation data we’ll see over the next few days.In my view, given the recent strength of the market, traders seem to have bought the rumor… and are now poised to sell the news.The result, for the moment, is a flat market. That […]
Biden blocks Chinese crypto miner’s land purchase near US base in Wyoming
President Joe Biden has taken decisive action against a Chinese-backed crypto mining operation located near a key US military base in Wyoming, as reported by Associated Press News. The President’s order, announced on Monday, mandates the divestment of land owned by MineOne Partners Ltd., which operates a crypto mining facility in proximity to the Francis […]
Rates Spark: Key Data Tests To Bullish Sentiment Coming Up
The US PPI is the first key test for the bullish sentiment that had built in rates following the dovish Fed and weaker US jobs report. If this month’s data doesn’t show a decline, rates have room to drift higher again. In the eurozone, ECB cut expectations beyond June are pared back with that dynamic […]
Identifying Potential Short Squeeze Opportunities On The NYSE
Image Source: Unsplash Have you ever been in a situation where you’ve shorted a stock, only to witness a sudden surge, leading to an immediate scramble to close your position?What occurred is commonly referred to as a Short Squeeze. Even veteran traders have encountered this event. Yet, do they truly grasp what happened?A short squeeze occurs […]
U.S. Government Ran Big Surplus In April But Don’t Get Excited
Image Source: Unsplash The U.S. government ran a rare surplus in April, but don’t get too excited. The Biden administration hasn’t slowed down the spending train, and more budget shortfalls loom on the horizon. The Biden administration ran a $209.5 billion surplus in April thanks to an influx of revenue as people filed their tax returns.Tax receipts […]
