Category Archive: Finance, No picture
This Perfect Pullback Could Double Our Profits
Image Source: UnsplashOne day left – let’s finish strong!We made another big run higher today, and this *perfect pullback* could easily DOUBLE our profits on Friday!Everyone’s waiting for a pullback right now, but tomorrow’s Non-Farm Payrolls might not make our job easy…But don’t worry, this *perfect pullback* might be all we need to finish the week […]
Nasdaq 100 & S&P 500: Elliott Wave Update For Thursday, March 7
Image Source: UnsplashAdjusted the ES labeling – but the Minor 5th wave does remain out of the triangle pattern and a “normal” 5 waves up of minute degree. Wild ride today in both the ES and NQ — but then the markets do remain in a “topping process” and seem to be “blowing off” to finish […]
U.S. Weekly FundFlows Insight Report: Taxable Fixed Income Funds Attract $12.4 Billion, Marking The Eleventh Straight Weekly Inflow
Image Source: UnsplashThe data sourced in the article below is derived from Lipper’s Global Fund Flows application. GFF can be found on LSEG Workspace (“FundFlows”).During LSEG Lipper’s fund-flows week that ended March 6, 2024, investors were overall net purchasers of fund assets (including both conventional funds and ETFs) for the third week in four, adding a […]
‘Bull Traps’ Are Still In Play Although Today Registered Gains
Image Source: UnsplashToday was a bit of a mixed bag with all recording gains (good), but the Russell 2000 (IWM) finished with a ‘black’ candlestick (close lesss than open price) that leaves bulls pressured and vulnerable to additiona losses.In the case of the Russell 2000 ($IWM), the losses were not huge and selling volume was light […]
GBP/USD Clinches Fresh 2024 Highs Above 1.2800 Ahead Of US NFP Data
Image Source: Unsplash GBP/USD attracts some buyers to a fresh 2024 high above 1.2800 on the weaker USD. Fed Chair Powell said interest rate cuts may not be too far off if inflation signals cooperate. Investors expect the BoE to lower interest rates after the Fed, which boost the Pound Sterling. The US February labor market report […]
Broadcom Cites ‘Two Strong Drivers’ Of Revenue Growth In Q1 Earnings Report
Image Source: Unsplash Broadcom Inc (Nasdaq: AVGO) is trading down in extended hours on Thursday even though it reported market-beating financial results for its first quarter on continued AI demand. Broadcom stock down on muted guidance The stock is taking a hit primarily because investors are not entirely content with the future guidance. AVGO reiterated its […]
As Nvidia Stock Marches Towards $1,000, Buy This Underappreciated AI Stock
Image Source: Unsplash Nvidia Corp (Nasdaq: NVDA) is up another 4.0% on Thursday after a Mizuho analyst said it could hit $1,000 per share in the coming months. Micron stock has upside to $112 But if valuation is a concern that keeps you from taking a position in Nvidia stock – Toshiya Hari of Goldman Sachs […]
Softs Report – Thursday, March 7
Photo by Trisha Downing on Unsplash COTTON General Comments: Cotton closed higher yesterday on ideas of stronger demand and reports of wildfires in northern Texas. It is too early to plant but the heat and dry weather raises concerns about production potential later in the growing season and blackened soils might not permit much planting, anyway. The demand […]
Where Are We Now Directionally For The US 10yr?
We called the way up – it made sense to us. But the move on the way down has been a tad tougher. The pop in MoM inflation and risk-on are complications for the rate cut story. So, bonds need a weak payrolls report, else they’re vulnerable. Weakness would be a sub-150k headline and a […]
State Of The Union Address Today – Unemployment – USDA & WASDE Tomorrow. The Corn & Ethanol Report
We kicked off the day with Challenger Job Cuts at 6:30 A.M., Balance of Trade, Export Sales, Exports, Imports, Initial Jobless Claims, Continuing Jobless Claims, Jobless Claims 4-Week Average, Nonfarm Productivity QoQ Final, and Unit Labour Costa QoQ Final at 7:30 A.M., Fed Chair Powell Testimony & EIA Natural Gas Storage at 9:30 A.M., Fed […]
