Bullish Seasonality
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 over 27% this year so far; SPX up around 20%. Seasonality is very bullish this week. Above is a short term view. A “Selling climax” […]
No Matter Who Wins The Election, Expect The Cost Of Microchips To Soar
New Rules to Cut Out China The Wall Street Journal reports U.S. Chip Toolmakers Move to Cut China From Supply Chains The U.S. semiconductor industry is uprooting Chinese companies from supply chains, spurred by directives from Washington seeking to suppress China’s involvement in sensitive next-generation technology. Chip toolmakers are telling suppliers that they need to find […]
Copper Price Forecast: U.S. Election, China Stimulus In Focus
Image Source: Pixabay Copper price began the new week in green as bulls strive to break the resistance around $4.4000 per pound. At the time of writing, COMEX copper futures were at $4.4275, having been range-bound for close to three weeks. Optimism over China’s fresh stimulus package is a key driver for the red metal. More […]
How To Turn Market Moves Into Monthly Income With High-Yield Covered Call ETFs
Image Source: Pixabay The universe of high-yield, covered call option strategy ETFs continues to grow. Our ETF Income Edge service provides research and recommendations concerning this type of ETF.I review the investment strategies and historical returns for dozens of these funds for the newsletter. Since many of them are so new, I revisit them every few months to […]
Markets Price In 99% Chance Of A Rate Cut Amid Treasury Yields Surge, As Election Day Looms
Image courtesy of 123rf.com U.S. Treasury yields have become a critical indicator for retail investors as markets navigate shifting monetary policy expectations and economic signals ahead of the hyped presidential election. The benchmark 10-year Treasury yield has surged 60 basis points over the past two months, rising from approximately 3.7% to 4.3% at the time of writing, reflecting […]
NQ Price And Volume Analysis
If you follow me on X, you will know I’ve been focused on the NQ (Futures for the Nasdaq 100). What’s interesting about the NQ is that, unlike the ES (Futures for the S&P500 and the YM (Futures for the Dow Jones), the index has not only failed to regain its ATH of 24 July […]
As We Shift From FiveThirtyEight To Election Mode, Markets Remain Gridlocked
Image Source: Pixabay Weighted down by traders squaring up in pre-event positioning, Wall Street indexes wobbled through the New York session as investors steeled themselves for the high-stakes U.S. Election Day. Solid earnings and rate-cut optimism are holding the market’s floor steady, but seasoned players know the broader macroeconomic landscape dictates election-time market moves. The real […]
Stocks And Precious Metals Charts – Tumbling Dice
The markets pretty much stumbled around today, in the face of two important geopolitical and economic events.A very close national election will be held tomorrow in the US.And later this week, the Fed will meet once again, and make a decision and statement about interest rates.The magic eight ball says, ‘check again later’.So let’s see what […]
Chart Of The Day – Ignoring Political Noise
In a few short days/hours there will be a new President of the United States. Between now and then and long after you will hear biased stories about how the world is going to be transformed by political agendas. Some of it will be true, but most of it will be noise inside a system […]
Nasdaq Breadth Metrics Accelerate Losses
The Nasdaq had looked primed for a breakout but there was a trend breakdown last week. The index has returned to its base with a break in its 20-day MA; the 50-day MA is its next port of call. Technicals are mixed; On-Balance-Volume is still moving strongly in bulls favor, and I thought this would […]
