Category Archive: Finance, No picture
Bank Of America Near Support Area
Image Source: PexelsBACUp from there, wave (1) ended at 35.1 and dips in wave (2) ended at 32.35. The stock extends higher again in wave (3). Up from wave (2), wave 1 ended at 36.45 and pullback in wave 2 ended at 35.24. The stock extended higher again in wave 3 towards 37.64 and pullback in […]
WTI Rises To Near $86.20 On Reports Of Threats Against Israeli Embassy
Image Source: Unsplash WTI price appreciated after Iran vowed retaliation for Israel’s attack on Iran’s embassy. NATO officials said that Ukrainian drone attacks on Russian refineries may have disrupted over 15% of capacity. The US has imposed sanctions on Oceanlink Maritime DMCC for its role in shipping commodities intended for the Iranian military. West Texas Intermediate (WTI) […]
Gold Price Extends Losses Amid Hawkish Fedspeak Ahead Of US NFP
Image Source: Unsplash Gold price corrects further from the all-time high amid hawkish remarks by Fed officials. Persistent geopolitical tensions should limit the downside for the safe-haven XAU/USD. Traders might also refrain from placing aggressive bets ahead of the crucial US jobs data. Gold price (XAU/USD) extends the previous day’s modest pullback from the record peak and […]
Stock Analysis & Elliott Wave Technical Forecast: ASX: BLOCK INC. – SQ2
Image Source: UnsplashUnlocking ASX Trading Success: BLOCK INC. – SQ2 Stock Analysis & Elliott Wave Technical ForecastGreetings, Our Elliott Wave analysis today updates the Australian Stock Exchange (ASX) with BLOCK INC. – SQ2 . We’ve identified a countertrend move (ABC) with Wave 2-red unfolding, which also presents a good trading opportunity with Wave 3-red to follow once Wave 2-red completes. Therefore, we’ll closely […]
‘Cocoa Could Double From Here’ – Oil-Bull Andurand Gets Greedy On Chocolate
Image Source: UnsplashOil trader Pierre Andurand suffered record losses last year in the commodities world, though the money manager has so far crushed it on the cocoa trade. Bloomberg reports Andurand opened a “small, long position” in cocoa futures in early March. Since then, prices have soared as much as 73%. People familiar with the trade did not […]
These Traps Could Earn Monster Profits On Non-Farm Friday
Image Source: PexelsHoly Smokes…What a Move This Afternoon!Tomorrow is Non-Farm Payrolls. Combine that with today’s big move down and TRAPS are likely where the BIG MONEY is made on Friday!You might be checking the news right about now, trying to make sense of what happened this afternoon…But the only thing we need to make money tomorrow, is […]
Ford To “Re-Time” New EV Production, Expand Hybrid Production
Image Source: UnsplashToday Ford (F) announces a two-year delay, “retiming” until 2027, on new EV models scheduled for 2025. In addition. Ford will focus on a full line of hybrids.Retiming Press AnnouncementPlease consider Ford’s Press Announcement on retiming and hybrid production. Ford Motor Company said today it is retiming the launch of upcoming electric vehicles at its Oakville, […]
Stocks Plunge As The VIX Spikes Ahead Of Big Jobs Report
Image Source: UnsplashStocks finished the day sharply lower today, with the S&P 500 dropping by about 1.25%. The index was up today by around 80 bps, only for all that to be returned starting mid-afternoon. The reason for the reversal was blamed on rising geopolitical tension between Israel and Iran. I’m not sure that was the case, […]
Big Bearish Engulfing Patterns As Positive Start Negated
Image Source: UnsplashIt was a setting up to be a low key day, but come the afternoon, sellers pounced and drove markets down hard after doubts raised on future rate cuts. Fed news wasn’t the key takeaway, but the loss of support was. The S&P was hardest hit, not because of the percentage loss, but because […]
Perfect Reversal
Image Source: UnsplashLast night, I did a special post for our beloved Gold and Platinum members called Index Points, whose main point was that we were beautifully positioned for a hard reversal, since we had snapped supporting trendlines so perfectly. Well, this morning it wasn’t looking so good, but a couple of hours before the close, we got some action, Jackson.Honestly, these are […]
