Unlocking ASX Trading Success: Computershare Limited
ASX: COMPUTERSHARE LIMITED. – CPU Elliott Elliott Wave Technical Analysis TradingLoungeGreetings, Our Elliott Wave analysis today updates the Australian Stock Exchange (ASX) with COMPUTERSHARE LIMITED. – CPU. We see ASX:CPU nearing the completion of wave ((i))-navy and a pullback to wave ((ii))-navy is expected in the near term.ASX: COMPUTERSHARE LIMITED. – CPU 1D Chart (Semilog Scale) […]
Asian Stock: Sino-American Silicon Products
TM Editors’ note: This article discusses a penny stock and/or microcap. Such stocks are easily manipulated; do your own careful due diligence.Company: Sino-American Silicon Products IncorporatedBloomberg ticker: 5483 TTMarket cap: US$3,396mBackground: Sino-American Silicon Products Incorporated is a Taiwanese supplier of medium- and small-diameter silicon wafers that are used in the semiconductor and solar power industries worldwide. World Class Benchmarking […]
Communications Services Leads US Equity Sectors In 2024
The neck-and-neck horse race for first place among equity sectors has recently given way to a decisive lead for communications services stocks year to date, based on a set of ETFs through Tuesday’s close (Dec. 10).As previously reported, communications (XLC) and financial (XLF) had been essentially tied for first place this year. But the competition turned into […]
Sensex Today Ends Flat; PNC Infratech Rallies 12%
After opening the day flat, the Indian benchmark remained range bound as the session progressed and ended the day flat.Benchmark equity indices BSE Sensex and Nifty 50 were trading on a flat note on Wednesday.At the closing bell, the BSE Sensex closed higher by 16 points.Meanwhile, the NSE Nifty closed higher by 31 points (up 0.1%).Trent, Britannia, and […]
Pullback! Bears Get More To Chew On
Two straight down days for the stock market. We haven’t seen that since mid-November. The mid and small caps have pulled back more. Seasonally, this is a mild soft patch that lasts into the 20th. Some things I am thinking about into January. Is this just another mild pullback that will lead to new highs […]
Sticky US Inflation Points To A More Cautious Fed In 2025
Image Source: Pexels US core inflation posted a fourth consecutive 0.3% print, showing that progress towards the Fed inflation goal has clearly stalled. Nonetheless, the Fed’s favored measure of inflation is doing a little better and the jobs market is cooling. We look for another 25bp Fed cut next week, but new Fed forecasts should show a […]
BTC Report: XRP Outshines Bitcoin With A 10% Rally Amid Regulatory Wins
Image Source: Pexels Bitcoin’s (BITCOMP) value surged past the $98,000 mark, reflecting a notable uptick amidst fluctuating market dynamics. Meanwhile, XRP has emerged as a standout performer, overshadowing Bitcoin in recent trading sessions.The broader crypto scene is also abuzz with regulatory news, including Italy’s decision to scale back a proposed tax increase on crypto capital gains. Additionally, strategic […]
Re-Inflation Continues – November Consumer Prices Surge Most Since April
Having accelerated MoM for the past four months, analysts expected today’s CPI print (for November) will rise once again to +0.3% MoM and they were dead on (the biggest MoM rise since April). The 0.3% MoM rise pushed headline CPI up 2.7% YoY – the highest since July…Source: BloombergCore CPI also rose 0.3% MoM (as […]
GBP/JPY Price Forecast: Recovers Past 194.00, Traders Eye 200-Day SMA
The Pound Sterling registered decent gains of over 0.20% against the Japanese Yen in early trading during Wednesday’s North American session despite the lack of a catalyst boosting the former. The GBP/JPY trades at 194.46 after bouncing off daily lows of 192.49.Price action remains slightly muted. Traders are awaiting the release of Gross Domestic Product (GDP) figures […]
CPI Right On Target
Equity futures and international markets were little changed headed into the November CPI report. The STOXX 600 was unchanged, and overnight the Nikkei was also unchanged. The CPI report continued the narrative that inflation remains sticky, but it wasn’t any worse than expected. For both the headline and core readings, the m/m and y/y readings […]
