Category Archive: Finance, No picture
FX Daily: Rate Spreads Widen To Late 22 Levels
Image Source: Unsplash Some better ISM manufacturing data in the US has pushed dollar interest rate differentials to the most supportive levels since late 2022. Momentum is with the dollar, but today’s US JOLTS job vacancy readings will be important too. Any lower numbers here suggesting better balance in the labor market could see the dollar hand […]
BTC/USD Forex Signal: Bitcoin Is Extremely Bullish Above $71,927
Image Source: UnsplashBullish view Buy the BTC/USD pair and set a take profit at 73,742. Add a stop-loss at 67,500. Timeline: 1-3 days. Bearish view Set a sell-stop at 69,000 and a take-profit at 68,000. Add a stop-loss at 72,000. Bitcoin joined American stocks in a deep dive on Monday as a risk-off sentiment prevailed in the market. […]
Chinese EV Makers Scramble To Offer Incentives To Compete With Tesla And “Disruptive” Xiaomi
Image Source: PexelsThe competition in China’s EV world continues to heat up, as the market becomes more and more saturated. The country’s automakers are aggressively trying to take advantage of Tesla’s recent price hikes by offering incentives, while at the same time gearing up to compete with the “disruptive” entry of Xiaomi into the market, Bloomberg reported this […]
Russell 2000 Index Best And Worst Performing Stocks Of 2024
Image Source: Pexels The Russell 2000 index has underperformed the S&P 500 and Nasdaq 100 indices. Biotech companies like Viking Therapeutics and Janux were the best performers. The top laggards in the index were firms like Weight Watchers, iRobot, and Bakkt. The Russell 2000 index continued to underperform the Dow Jones and Nasdaq 100 indices in the first […]
ADUS: A Home Health Care Provider With Solid Growth
Image Source: PexelsAddus HomeCare Corp. (ADUS) posted a strong close to fiscal 2023. In Q4, revenues grew 11.9% to $276.4 million, while EPS increased 31.9% to $1.20. Commenting on the results, Dirk Allison, Chairman and CEO, said, “We continued to benefit from robust demand for home-based care, especially for our personal care services, which accounted for 74% […]
Dow Knocking On The Door Of 40,000
Image Source: UnsplashThe stock market rang the doorbell of the New Year with a bang during the 1st quarter. The S&P 500 index built on last year’s +24% gain with another +10% advance during the first three months of the year. And as a result of these increases, the Dow Jones Industrial Average index is knocking […]
GBPUSD May See Support Soon From Inflection Area
Image Source: UnsplashShort Term Elliott Wave view in GBPUSD suggests that decline from 3.8.2024 high is unfolding as an impulse Elliott Wave structure. Down from 3.8.2024 high, wave (i) ended at 1.2745 and wave (ii) rally ended at 1.2823. Wave (iii) lower ended at 1.273 and wave (iv) ended at 1.2747. Final leg wave (v) ended at 1.2667 […]
Markets Pull Back To Start A Fresh Quarter
Image Source: PexelsMarket indices couldn’t hold onto their gains established in early morning trading to start the new week, after a three-day Easter holiday weekend that maybe gave some market participants time to re-think the broadening out of this rally we’ve seen since late October of last year. Sometimes a pause refreshes, but sometimes a pause […]
Getting Q2 Started
Image Source: UnsplashWhen I was a kid, April Fools’ Day was kind of fun, but as an adult, seriously, it’s really annoying to read every given news item and wonder if it’s a joke or not. Given the state of the world today, it’s harder than ever to tell.Mercifully, April Fools’ Day is just about over. Let’s look […]
These (2) Range Traps Could Double Our Profits On Tuesday
Image Source: UnsplashHoliday’s over… let’s make some money!Today’s strong move down into a range tells us these (2) RANGE TRAPS might be all we need to make a ton of money on Tuesday!Ranges love to “rotate” back and forth like a pendulum, which is why I’m looking for TRAPS on both sides of this range! E-Mini […]
