S&P 500 Trying To Power Past Tech Weakness
Stocks are a mixed bag this afternoon. The Dow Jones Industrial Average (DJI) boasts a 168-point gain and is heading for a fourth straight win. The S&P 500 Index (SPX) and Nasdaq Composite Index (IXIC), on the other hand, are struggling for direction. The former is testing a four-day win streak despite hitting another intraday […]
Unlocking ASX Trading Success: Coles Group Limited – Thursday, Jan. 23
COLES GROUP LIMITED – COL Elliott Wave Technical Analysis TradingLoungeGreetings, our latest Elliott Wave analysis for the Australian Stock Exchange (ASX) highlights COLES GROUP LIMITED – COL. The current outlook suggests that ASX:COL may advance within the (5)-orange wave.There exists some ambiguity between the two primary perspectives. However, readers can rely on key indicators to determine whether a bullish trend is commencing […]
Asian Stock – Central Retail Corporation
TM Editors’ note: This article discusses a penny stock and/or microcap. Such stocks are easily manipulated; do your own careful due diligence.Company: Central Retail Corporation Public Company LimitedBloomberg ticker: CRC TBMarket cap: US$5,978mBackground: Central Retail Corporation Public Company Limited is the retail arm of Central Group and divides its operations into four segments: fashion, food, hardline, and property. In […]
Bond Market Awaits News On Inflation, Tariffs And The Deficit
Is this the calm before the storm? Or has the danger passed? The bond market is focused on news and data in the days and weeks ahead that will provide context for answering these key questions. Meanwhile, Treasury yields have taken a break from the sharp upswing that’s dominated trading in recent months. In short, […]
Sensex Today Ends 115 Points Higher; Nifty Above 23,200
After opening the day higher, the Indian benchmark gained further as the session progressed, eventually closing more than 400 points higher.Benchmark equity indices BSE Sensex and Nifty50 were traded higher on Monday, amid positive global cues.At the closing bell, the BSE Sensex closed higher by 115 points (up 0.2%).Meanwhile, the NSE Nifty closed 50 points higher (up 0.2%).Wipro, Eicher […]
Jobless Claims: Seasonality And Neutrality Continue
The week’s first meaningful data is jobless claims. These have been trending higher YoY, but with lots of seasonal noise. And that trend continued this week.Initial claims increased 6,000 to 223,000. The four week moving average (especially more important right now to filter out seasonal noise) increased 750 to 213,500. With the typical one week […]
Initial Jobless Claims Jump To One-Month High
After exploding to its highest since Jan 2022, unadjusted jobless claims crashed lower last week while ‘seasonally-adjusted’ initial jobless claims rose to 223k (its highest since the first week of December)…Source: BloombergContinuing jobless claims jumped higher to 1.899 million Americans, just shy of its highest since Nov 2021…Source: BloombergCertainly nothing new here and nothing that […]
USD/JPY Analysis: Bulls Ready To Take Off
The US Dollar against the Japanese Yen has been trading in a narrow range and a neutral position in recent trading sessions, but there have been attempts by bulls to move higher, with gains not exceeding the resistance level of 156.70 before stabilizing around the 156.50 level at the time of writing this analysis. The […]
Nasdaq 100: Tech Stocks In Focus After Trump-Fueled Rally
Image Source: Pixabay While US futures were trading in the negative in early London trade, European stock averages were all in the black, suggesting that sentiment remains upbeat. Technology stocks have been riding a wave of enthusiasm around artificial intelligence and robust earnings reports from corporate giants. The S&P 500 has outshone its peers, fuelled by […]
The Tariff Rollercoaster
With Donald Trump now officially President, we will learn which campaign promises were rhetoric and negotiating tactics and which he plans to enact. For many economists and nations, tariffs are at the top of the list of importance. China, in particular, closely followed by Canada and Mexico, appears to be at the most risk of […]
