Market Default: Buy Tech
Image Source: Pexels — Bulletproof tech–the Nasdaq composite and QQQ’s made new all-time highs Friday 13, 2024. — The heavily “Magnificent Seven”-weighted S&P 500 (approx. 36% of the index’s total market value in “Mag Seven names”) is down less than 1% from its record high recorded a week ago.— Everything else seems to be in for liquidation … the Dow (minus 3% in the […]
Softs Report – Monday, Dec. 16
COTTON General Comments: Cotton was lower last week and the trends are still turning down. Selling has come from news that Trump will impose some big tariffs on China, but the tariffs posted were not as high as he had threatened before during the campaign. China has big problems with its domestic economy with consumer […]
Extreme Levels Of Work-For-Gold Ratio
Image Source: Pixabay How many hours of work would it take to purchase one ounce of gold? Now you’ll know. Interesting, right?Gold price truly peaked in the 1980, and while it moved to new nominal highs in 2011, this wasn’t the case in terms of how much one would have to work for it. In 2011, […]
FTSE Starts The Week On The Backfoot Ahead Of Central Bank Bonanza
Image Source: Pexels U.K. stocks dipped on Monday, while the pound strengthened in anticipation of the flash PMI data set to be released later in the day. The Bank of England is scheduled to meet on December 19, with analysts expecting interest rates to remain unchanged. The FTSE 100 index fell by 0.3% following a 0.1% […]
XRP Price Holds Steady: What’s Next After Consolidation?
Image by WorldSpectrum from Pixabay XRP price started a downside correction from the $2.50 zone. The price is now consolidating gains and might aim for a move above the $2.4650 resistance zone. XRP price started a fresh increase above the $2.425 zone. The price is now trading above $2.350 and the 100-hourly Simple Moving Average. There is a […]
Crypto Trading Volume At Robinhood Surged In Nov As Exchange Added 420k New Users
Image courtesy of 123rf.com Robinhood Markets, Inc. (Nasdaq: HOOD), based in Menlo Park, California, released its November 2024 data on December 11, highlighting notable growth across multiple metrics. The company reported increased funded customers, assets under custody, and trading volumes, underscoring a period of substantial expansion. With a focus on cryptocurrencies and increased customer engagement, Robinhood positions itself […]
Dow Eyes Worst Losing Streak Since 2018
The Nasdaq Composite (IXIC) is up triple digits midday, hitting fresh record highs as it looks to build off a fourth-straight weekly win. The S&P 500 Index (SPX) is modestly higher, while the Dow Jones Industrial Average (DJI) pulls back from its premarket gains to drop quietly into the red, eyeing its eighth and longest daily losing […]
Unlocking ASX Trading Success: Aristocrat Leisure Limited
ASX: ARISTOCRAT LEISURE LIMITED – ALL Elliott Elliott Wave Technical Analysis TradingLoungeGreetings, Our Elliott Wave analysis today updates the Australian Stock Exchange (ASX) ARISTOCRAT LEISURE LIMITED – ALL. We see that in the short term ASX:ALL is close to completing a Triangle, and we should have another push up after that.ASX: ARISTOCRAT LEISURE LIMITED – […]
Asian Stock: LT Group Incorporated
TM Editors’ note: This article discusses a penny stock and/or microcap. Such stocks are easily manipulated; do your own careful due diligence.Company: LT Group IncorporatedBloomberg ticker: LTG PMMarket cap: US$1,890mBackground: LT Group Incorporated is one of the largest conglomerates in the Philippines and was founded in 1937. LTG invests in the banking industry with PNB bank; in tobacco, with […]
How Germany Destroyed Its Economy And How To Fix It
Image Source: Pexels The German economy was once a global industrial powerhouse, showing strong resilience in times of crisis as well as significant productive growth in periods of expansion.Germany displayed robust industrial activity, solid productivity, and enviably low unemployment levels, which added to real high wages. However, in the past five years, the economy has stagnated, and its […]
