Category Archive: Finance, No picture
Elliott Wave Technical Analysis & Forecast: AAVEUSD
Image Source: Upsplash AAVE/ U.S. dollar(AAVEUSD)AAVEUSD Elliott Wave Technical AnalysisFunction: Counter TrendMode: CorrectiveStructure: ZigzagPosition: Wave CDirection Next higher Degrees: Wave ((2)) of ImpulseWave Cancel invalid Level: 81.238Details: Wave ((2)) maybe is complete and the price increase in wave ((3))AAVE/ U.S. dollar(AAVEUSD)Trading Strategy:Overall AAVE is moving in an uptrend with the Impulse pattern entering its third wave. […]
ASX 200 Falls To Near 7,750, Despite Higher Wall Street Overnight
Image Source: Pexels ASX 200 Index snaps its winning streak, following losses in energy and consumer stocks. The shutdown of South32’s GEMCO led to Jupiter Mines share rallying almost 20% in the last two sessions. Apple’s stock declined by 4.1% following news of a lawsuit from the US Department of Justice for alleged monopolistic practices. The […]
AXT, Inc. Positioned For Growth From Increase In AI Computing
TM Editors’ note: This article discusses a penny stock and/or microcap. Such stocks are easily manipulated; do your own careful due diligence. Image Source: UnsplashAXT, Inc. (AXTI) reported Q4-2023 back on February 22nd and its stock price rallied 150% on news of its 2024 outlook. The company expects higher revenues for its semiconductor wafers due to increased […]
Russell 2000 Looking For Short Term Pullback Soon
Image Source: PexelsShort Term Elliott Wave view in Russell 2000 (RTY) suggests that rally to 2146 ended wave 1. Pullback in wave 2 unfolded as a zigzag Elliott Wave structure. Down from wave 1, wave ((a)) ended at 2073.2 and wave ((b)) ended at 2109.30. Down from there, wave (i) ended at 2075.3 and wave (ii) ended […]
Home Depot: Soaring To New Heights
Image Source: PexelsThe biggest holding of my late father’s portfolio was Home Depot (HD) which matched its lifetime high today. The big box retailer is sporting a P/E of a little more than 25, and it has been one of the most successful stocks in U.S. history, having come public at a split-adjusted price of about […]
Current Analysis: Veolia Environnement
Image Source: UnsplashVeolia (VEOEY) is the largest water company globally and a leading player in France. It is also involved in waste management with significant exposure to France, the United Kingdom, Germany, the United States, and Australia.The third pillar of the group is energy services, giving the group significant exposure to Central Europe. Veolia started to […]
Nasdaq Financial-100 Index Surpassing Important Resistance
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.The chart below shows the performance of the Nasdaq Financial-100 Index […]
This Bull Trap Could Make Our Entire Week
Image Source: UnsplashWow, charts look amazing tonight!Markets are trading sideways going into Friday, and I see (3) clues telling me this BULL TRAP might be our biggest win of the week!Have you seen the 60min chart today? How about this range on the tick chart?Those 2 charts tell me we might be able to “double-dip” and […]
Are You Better Off Than You Were 4 Years Ago
Image Source: PexelsPer capita GDP relative to 1st quarter of new administration:Figure 1: GDP relative to 2021Q1 (blue), and GDP four years ago relative to 2017Q1 (orange), in logs. 2024Q1 value is GDPNow implied level based on 3/19 release and GDP estimate as of 3/21. Source: BEA 2023Q4 2nd release, Atlanta Fed, and author’s calculations.The cumulative growth […]
Don’t Stop The Music
Image Source: Pexels MARKETSStocks continued their climb on Thursday, extending the gains from the previous session. However, profit-taking emerged in the afternoon New York session, reversing intraday gains after all three major stock indexes on Wall Street reached record highs. The rally was initially driven by chip stock gains following Micron Technology’s optimistic forecast.Today, there is […]
