Category Archive: Finance, No picture
Cisco Pullback Is Not Over Further Downside To Come
Image Source: UnsplashCisco Systems, Inc., commonly known as Cisco (CSCO), is an American-based multinational digital communications technology conglomerate corporation headquartered in San Jose, California. Cisco develops, manufactures, and sells networking hardware, software, telecommunications equipment and other high-technology services and products.CSCO Daily Chart October 2023Last October, we talked about an alternative view on CSCO. That was wave (II) has not finished and it could do a double correction. After 3 waves […]
Commodity: Bitcoin, USD, Gold, Silver, Copper, Uranium, Oil, Gas, Grains – Elliott Wave Analysis
Image Source: UnsplashElliott Wave Analysis Update for Commodity Markets: Bitcoin, Bonds, Yields, USD/DXY, Gold, Silver, Iron Ore, Copper, Uranium, Crude Oil, Natural GasIn the latest update on Elliott Wave analysis for commodity markets, there’s positive momentum for the Dollar, Yields, and Bonds, though they haven’t yet solidified their trends through Impulse waves. Conversely, Gold, Silver, and […]
Nasdaq 100 & S&P 500: Elliott Wave Update For Tuesday, March 12
Image Source: UnsplashAfter a wild ride once the CPI data was released and digested both the NQ and ES picked up the rally again to continue to build within “c” waves of 3rd waves. I have updated the labeling and added Fibonacci extensions to expand on resistance levels for the 3rd waves. Expectations remain for the […]
This Is How AI Destroys A Company
Image Source: UnsplashI give unto you LivePerson (LPSN), which might as well make buggy whips:More By This Author:Utilities On Deck TSLA DownshiftRight Answer, Wrong Result
Stocks And Precious Metals Charts – Creatures Of The Plutocracy
Image Source: UnsplashThe Consumer Price Index came in higher than forecast this morning, but the details of the composition of the number suggest it was ‘warm’ rather than ‘hot.’So stocks rallied back hard into the close.Did I mention that there is a stock option expiration on Friday.Gold and silver got nailed, because it was a risk on rally […]
Asia Open: It Could Have Been Worse
Image Source: Unsplash Despite February’s hotter-than-expected inflation data, investors’ expectations for rate cuts this year remained on track, which buoyed stocks on Tuesday.The consumer-price index rose 3.2% in February compared to a year earlier, surpassing economists’ expectations of 3.1%. Core inflation, which excludes volatile food and energy costs, also exceeded projections.January’s inflation reading had already been […]
WTI Turns Green After API Reports Across-The-Board Inventory Draws
Image Source: Unsplash Oil prices slipped lower today after uglier than expected inflation sent yields higher (whipsawed wider markets) and perhaps more notably, OPEC said its latest supply cuts had stalled as Iraq and Libya produced more than their quota.Slightly higher-than-expected CPI numbers are not likely to “rock the boat,” said Ole Hansen, a commodity strategist at […]
Utilities On Deck
Image Source: Unsplash As boring as the Utilities are, it is just about the only symbol around that has been steadfastly following the rules. The diamond pattern is still absolutely intact, and the series of lower lows and lower highs has been in place for years. This might not be a bad place to get short […]
Ethereum Dencun Upgrade Causes Excitement Among Layer 2 Tokens
Image Source: Unsplash As Ethereum gears up for the highly anticipated Dencun upgrade on Wednesday, March 13, the blockchain community is abuzz with excitement.The update aims to revolutionize Ethereum by reducing layer 2 (L2) transaction fees and bolstering scalability. Ethereum’s evolution: from Beacon Chain to Dencun upgrade Ethereum has undergone a transformative journey, setting the stage […]
