Risk-On: SP500, Nasdaq, And Tech Stocks Show Bullish Momentum
Image Source: Pexels Risk-On Sentiment for Stocks and Indices The SP500 is holding support at 6000, and the Nasdaq finds support at 20,000, with many stocks rebounding from recent lows, showing Impulse structures. Elliott Wave Analysis – NASDAQ Tech Stocks: SP500 (SPX): Wave (iii) of iii) of 5 of (5) of 3 NASDAQ 100 (NDX): Wave (iii) […]
Technical Monday: Novo Nordisk, A Love Story
Novo Nordisk (NVO), the company behind Ozempic and Wegovy, is now Europe’s largest company as global demand for its drugs have soared. However, the Danish pharmaceutical began because of more personal reasons. In the early 1920s, Nobel laureate August Krogh and his wife Marie, a doctor living with diabetes met at the Danish Medical School, where August was […]
Rally In SPX Should Continue
Image Source: Pixabay SPX Monitoring purposes; Long SPX on 10-29-24 at 5832.92Our Gain 1/1/23 to 12/31/23 SPX= 28.12%; SPX gain 23.38%Monitoring purposes GOLD: Long GDX on 10/9/20 at 40.78. We are up 36%; SPX up 27% so far this year. November 26 marked 7 days up in a row and suggests the market will be higher in […]
Presidential Election Cycle And Markets
Image Source: Pixabay Market uncertainty around tariffs, debt, inflation, immigration, antitrust and other policies from new administration poised to shape returns in 2025.Video Length: 00:17:37More By This Author:Question Time: Making Sense Of Crypto Speculative Mania In Markets Dollar Breaks Out
Top 3 U.S. Steel Stocks That Will Benefit From Trump 2.0
Image source: United States Steel Goldman Sachs analyst Mike Harris expects the US steel industry to flourish under Donald Trump as the President of the United States.Lower interest rates and steady demand will benefit the domestic steel industry next year, he told clients in a research note today.Structural factors like fiscal stimulus and favourable trade policy […]
Rates Spark: French Politics And The Trump Vacuum
Spreads on French government bonds are touching new highs again as Le Pen and the opposition are threatening to topple the government (again). Spillovers to other markets remain limited, but the uncertainty ahead does help support the prevalent dovish sentiment. Meanwhile, US Treasury yields are finding their own valid excuses to test lower.Image source: Pixabay No-one can predict […]
Banks Continue Covering Gold And Silver Shorts
Image Source: Pixabay The banks have been significantly short both gold and silver as the prices have rallied this year, with historic peaks for the positions in both metals towards the end of the summer.Although there’s been a big change since then, which we cover in today’s show.Video Length: 00:04:26More By This Author:Silver’s 2024 In Review, […]
Tech Powers Nasdaq, S&P 500 To Record Closes
Tech was the story to start December, with the Nasdaq nabbing a record close and sixth win in the last seven sessions. The S&P 500 followed suit with a record close of its own, and has now rattled off nine wins in the last 10 trading days. The Dow sat out today’s rally, shrugging off November […]
Primed For The Fabled ‘Santa Melt Up’
Image Source: Pixabay MARKETSThe S&P 500 soared to a fresh intraday peak on Monday, igniting December’s trading with a spark after riding the wave of November’s blistering rally.On the economic front, investors sifted through a slew of new data. The Institute for Supply Management’s manufacturing index signalled ongoing softness in factory demand, yet the numbers slightly […]
ISM Manufacturing Contracts 8th Month And The 24th Time In Last 25 Months
ISM chart and excerpts below by permission from the Institute for Supply Management® ISM® Please consider the November 2024 Manufacturing ISM® Report On Business® emphasis in bold by ISM, italics mine. The report was issued today by Timothy R. Fiore, CPSM, C.P.M., Chair of the Institute for Supply Management® (ISM®) Manufacturing Business Survey Committee. “U.S. manufacturing activity contracted […]
