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Markets Up To Start The Week: PLTR, MCHP Meet Earnings

Mon, 05/06/2024 - 23:15
Markets start the week in the green. It’s the third-straight up-day for both the S&P 500 and the Nasdaq, fourth straight for the blue-chip Dow. We’re just about back to break even over the past month.

Elliott Wave Technical Analysis: BTCUSD Crypto Price News

Mon, 05/06/2024 - 22:55
Overall, Bitcoin is still in an uptrend. But it is a period of correction in the fourth wave, which appears to be complete. Therefore, it is an opportunity for us to join the trend once again. Look for opportunities to open long positions.

USD/JPY Extends Recovery Above 154.00, Focus On Fedspeak

Mon, 05/06/2024 - 22:37
The USD/JPY pair trades on a stronger note around 154.10 on Tuesday during the early Asian trading hours. The recovery of the pair is supported by the modest rebound of US Dollar (USD) to 105.1o after bouncing off three-week lows.

Asia Morning Bites For Tuesday, May 7

Mon, 05/06/2024 - 22:15
RBA rates decision today as markets price out cuts this year. Inflation reports out from Taiwan and the Philippines are also due.

Financial Markets Report For Monday, May 6

Mon, 05/06/2024 - 21:55
In this video, Ira Epstein reviews the activity in the Financial Markets after the day that just ended, Monday, May 6.

Gold Will Go Higher Then Even Higher

Mon, 05/06/2024 - 21:35
In this article, Jordan goes over the new support levels for gold and how the 50-day moving average plays a role in the recent pullback with precious metals.

Stocks, Rates, And The Dollar Rise On May 6, 2024

Mon, 05/06/2024 - 21:15
This is probably going to be a dull week in terms of newsflow. Today, we had Barkin and Williams from the Fed talking, and Barkin was more Hawksih on the rate outlook than Williams, although Williams wasn’t as dovish as he has been in the past.

The Canadian Cannabis Report- Monday, May, 6

Mon, 05/06/2024 - 21:05
The past, present and future of the Canadian cannabis sector based on the performance of the MCCCI, which is a proprietary index of 14 stocks.

AUD/USD Stalls Ahead Of Reserve Bank Of Australia’s Decision

Mon, 05/06/2024 - 20:55
The Australian Dollar registered minuscule gains compared to the US Dollar as traders braced for the Reserve Bank of Australia (RBA) monetary policy meeting.

Nasdaq 100 & S&P 500 Elliott Wave Update - Mon, May 6

Mon, 05/06/2024 - 20:35
Both the S&P and Nasdaq followed through on the current analysis. The upside swing continued with 5200 in view in the SPX and 18200 in the NDX.

EUR/USD Propped Up Near 1.0750 Ahead Of European Retail Sales

Mon, 05/06/2024 - 20:15
EUR/USD hovered around 1.0770, edging up post PMI data, before stabilizing above 1.0750. Eyes on Tuesday's pan-European Retail Sales figures.

Three Tech Stocks To Buy For Passive Income

Mon, 05/06/2024 - 19:55
Several tech stocks—Microsoft, Dell Technologies, and Apple — reward their shareholders with quarterly payouts.

Microsoft Trendline

Mon, 05/06/2024 - 19:15
We’re approaching the underbelly of a medium-term broken trendline on MSFT, which to my mind means powerful resistance at $413.

Current Analysis: ChipMOS TECHNOLOGIES

Mon, 05/06/2024 - 19:10
ChipMOS TECHNOLOGIES Inc. is engaged in the research, development, manufacturing, and sale of high-integration and high-precision integrated circuits and related assembly and testing services. ChipMOS's share price rose over 12.4%.

Was High Inflation Inevitable?

Mon, 05/06/2024 - 18:55
Not all countries experience extremely high inflation. China and Switzerland experienced some increase in inflation, but much less than in the US.

The Option Market Shows The Way Through This Low-Volume, Fed-Driven Melt-Up

Mon, 05/06/2024 - 18:35
The S&P 500 ended today’s session a little more than 1% higher than where it started. At the same time, trading volume in equities has been very light.

Indices Look To Escape 'Bear Flags' As Resistance Levels Get Chalked Off

Mon, 05/06/2024 - 18:20
S&P, Nasdaq, and Russell 2000, all of these indices did a good job of pushing out of bearish patterns and setting up for challenges of highs.

The Coming Days Might See Market Bears In Hibernation Allowing Bulls To Run Free

Mon, 05/06/2024 - 18:05
Too many” textbook” economists still adhere to the conventional belief that higher rates stifle economic growth.

Stocks And Precious Metals Charts - Myths And Illusions

Mon, 05/06/2024 - 17:50
Stocks were off to the races today, squeezing the shorts and piling up those gains, going out near the highs.

Crude Oil Continues To Soften On Middle East Ceasefire Talks, WTI Falls To $78

Mon, 05/06/2024 - 17:35
West Texas Intermediate (WTI) US Crude Oil futures fell on Monday after headlines of a possible ceasefire in the ongoing conflict between Israel and Palestinian Hamas.

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