Category Archive: Finance, No picture
Chart Of The Day: Things Go Better With COKE
Image Source: Pixabay The Chart of the Day belongs to the independent Coca-Cola bottler and distributor Coca-Cola Consolidated (COKE). I found the stock by using Barchart’s powerful screening functions to find stocks with the highest technical buy signals, highest Weighted Alpha, superior current momentum and having a Trend Seeker buy signal then used the Flipchart feature to review […]
Sensex Today Ends 536 Points Lower
Image Source: Unsplash After opening the day lower, Indian share markets continued the downtrend as the session progressed and ended the day lower.Indian benchmark indices fell for the second straight session dragged by IT and financial stocks tracking a downfall in the global markets.At the closing bell, the BSE Sensex stood down by 535 points (down 0.8%).Meanwhile, the NSE Nifty closed […]
Crypto Market Slows Down For A Higher Degree Correction
The crypto market turned sharply down after Matrixport’s latest report claims that the SEC will reject all Bitcoin spot ETFs in January, and final approval may be achieved in Q2. Well, after we spotted the wedge pattern within wave »v« of 3, seems like a higher degree a-b-c corrective slowdown can be now in play […]
Trading Oil Amidst China’s Price Surge
Image Source: Unsplash In the dynamic world of global oil markets, recent developments in China are significantly influencing the industry. This article explores the impact of China’s decision to raise gasoline and diesel retail prices on oil trading. Fueling the Flames: China’s Price Adjustment StrategyAs a major player in the international oil market, China is initiating […]
3 Healthcare Mutual Funds For Remarkable Returns
Image source: Pexels Investors often rely on the healthcare sector to safeguard their investments. This is because healthcare services do not see their demand varying too much with respect to market conditions and thus offer sufficient protection to the capital invested. Many pharmaceutical companies also offer regular dividends. Companies that consistently pay out dividends are financially […]
SPY Reversed – What Now
S&P 500 couldn‘t make it above 4,825, and tanked – the two intraday rips failed at Dec 29 intraday lows of 4,797 – but swing trading profits were in for the clients already then for a total of +222 pts delivered during Dec, which brings the portfolio equity curve again nicely up (check all the explanations in the tweet […]
Turkish Inflation Rises In December
Image source: Pixabay Turkey’s annual inflation rose as expected in December, ending 2023 at 65.7%. It’s likely to remain elevated in the near term due to wage adjustments – particularly to the minimum wage – as well as slower normalisation in domestic demand and hikes in administrative pricesTurkey’s monthly inflation came in slightly below of consensus at 2.93% month-on-month, with […]
EUR/USD: Will The Dollar Resume Lower With Key Data On Tap?
Image Source: Pixabay The EURUSD’s sluggish start to the year continued in the first half of Wednesday’s session, with investors showing preference to the US dollar ahead of key data releases from the world’s largest economy. The EURUSD has also been hurt by a poor start to the year for equities, with major indices extending their […]
Why There Could Be More Bank Failures In The U.S. In 2024
Image Source: Pixabay In 2023, there were a few regional bank failures in the U.S. This took investors by surprise, which led them to flee bank stocks in a panic.Here’s something worrisome: more bank failures could follow in 2024. It’s hard to see the worst as being behind us.At the moment, no one seems to be […]
BTC Dips 5.6% To $42.5k After Analyst Comments On ETF Approval In January
Image Source: Unsplash Bitcoin fell more than 5.5% on Wednesday after a crypto financial service provider said the US SEC will likely reject all spot ETF proposals in January.Cryptocurrency financial services firm Matrixport said in a new research report that the U.S. Securities and Exchange Commission (SEC) will likely reject all spot Bitcoin exchange-traded fund (ETF) […]
