Category Archive: Finance, No picture
After Gold, Silver Rally, Attention Shifts To The Miners
Image Source: PexelsWith gold and silver prices stabilizing after a furious 2-month rally, the market’s shifting its attention to the earnings out of the miners.In today’s show, Vince mentions how the banks are talking about the mining stocks, which means their clients are asking about the mining stocks. Vince walks through the message the banks are […]
These 3 Companies Recently Lifted Guidance
Image Source: UnsplashGuidance lifts commonly inject positivity into shares, with investors scrambling to get in and ride the momentum. Companies raise their outlooks when business is fruitful, sending a bullish message to shareholders.Recently, several companies, including Coca-Cola (KO – Free Report), Eaton (ETN – Free Report), and Eli Lilly (LLY- Free Report), have raised their outlooks, with shares moving higher following […]
This Perfect Pullback Could Double Our Profits On FOMC
Image Source: UnsplashFOMC tomorrow – let’s do this!We’re still bullish overall, and today’s big move lower gives us a very unique opportunity…Anytime I see “conflicting signals” like this, there are (2) specific trades I look for tomorrow!The 60minute is still bullish, but the tick charts got crushed today…Put those clues together and we have an easy […]
Markets Close April Lower Ahead Of Fed, Q1 Earnings
Image Source: PexelsMarkets closed at their lowest levels in more than a week today. This is thanks to a session that ends the month of April profoundly down: the Dow lost -570 points, -1.49%, the Nasdaq -325 points or -2%, the S&P 500 fell -1.57% and the small-cap Russell 2000 was down -1.76%. All four indices […]
Market Weakness: A Bear’s Delight
Image Source: PexelsDuring the after-hours session, far and away the most boring non-event was, ironically, the one everyone was watching: Amazon. The US Treasury market is about fifty times more exciting than this former dynamo, and you’ve got to feel sorry (well, not really……….) for all the goofballs who YOLO’d their way into aggressive short-dated options positions, hoping for some […]
Nasdaq Financial 100 Index Has Surpassed An Important Swing High
Image Source: UnsplashThe Nasdaq Financial 100 Index consists of the stocks of the 100 largest financial companies based on market capitalization that are listed on the Nasdaq Stock Market. It is lesser known than its sister index, the Nasdaq 100, which excludes stocks of companies in the financial sector.Below is a weekly chart of the Nasdaq Financial […]
Bitcoin price wobbles ahead of Fed’s rate decision
Bitcoin (BTC) dipped as low as $59,500 on Binance ahead of tomorrow’s Federal Open Market Committee (FOMC) meeting. Market participants are bracing for a hawkish stance from the Federal Reserve (Fed), with expectations set for unchanged interest rates.The CME FedWatch Tool indicates a mere 4.4% of economists predict a rate cut—the first in over a […]
Nasdaq 100 & S&P 500 Elliott Wave Update – Tue, April 30
Image Source: UnsplashI’m still presenting both the “A” and “B” versions of my preferred count. Tonight I move back over and work with version “A” which is the more bearish view. Earnings after the close in SMCI, AMZN, and AMD failed to get a sustained boost in any of the major reports. I discuss the earnings and […]
Current Analysis: International Paper
Image Source: UnsplashInternational Paper (IP) manufactures packaging products and cellulose fibers. It accounts for roughly one-third of the North American corrugated packaging market.Though it has operations in Brazil, India, and China, more than three-fourths of its sales come from North America.International Paper serves a variety of end markets, including industrial, consumer products, and manufacturing.The company was […]
“Buy The Dip” Could Become “Sell The Rip”
Image Source: Pexels I’m a little concerned with the bullish trend we’ve seen shaping up lately. Lower highs are starting to creep into the equities picture.The trouble in Japan with the yen and the lack of change in policy there could be starting to spill over across financial markets; global capital is seeking refuge in the […]
