Meta Platforms Inc. Stocks Elliott Wave Technical Analysis

Attention turns this week to the nonfarm payrolls report on Friday.

Chinese equities, as proxied by the MSCI China ETF MCHI, are now up close to 26% since September 13th.

The biggest market moving story for the S&P 500 in the final full trading week of September 2024 continued to be the stimulus measures the Chinese government will use to boost China's troubled economy.

The bullish thesis leans on historical data, particularly the cyclical nature of the Bitcoin price.

When October begins in a bull market like today, the first five days are super strong, averaging more than 0.50%.

UK shares began the week on a negative note, as a sell-off in Aston Martin and gains in commodity stocks were counterbalanced by the carmaker's descent to the bottom of mid-cap stocks following a profit warning.

The resonance of summer warnings that the US economy is on the precipice of recession continue to fade from the perspective of the upcoming third-quarter GDP report.

Corn and Oats closed higher and just off the highs of the day and the week.

The Dow Jones Elliott Wave Analysis for the daily chart signals a bullish trend, indicating upward movement in the market.

ARC maintains corn exists in a longer term bull market as demand is shifted from the Black Sea to the US, but rallies above 44.25 Dec will struggle until US crop size is known and harvest nears 50% complete.

Wall Street is hovering near breakeven for the session, but looking to close out September and the third quarter with big gains after the Federal Reserve cut interest rates by a half point earlier this month.

Headline inflation in Germany dropped again in September, giving ECB doves additional reasons to consider reintroducing the rate cut option at the October meeting.

The copper market is in a structural shortage looking years out, but a China slowdown kept prices under wraps.

Boeing faces deepening crisis as ongoing strike, regulatory issues, and financial struggles send shockwaves through its supply chain and drive its stock to new lows.

Inflation in Germany eased more than expected. Estimates show that Eurozone price pressures might fall from 2.2% to 1.9%. The US core PCE price index increased by 0.1% which is below estimates.

On Friday I highlighted the sharp positive revision to the personal saving rate. 

BYD Company Limited, Warren Buffet's favorite Chinese auto stock, has shown strong technical buy signals and consistent price appreciation, gaining 16.46% since 9/5. The company operates in automobiles, batteries, and mobile handset components,

The AUD/USD pair climbed to 0.6922 on Monday, marking its highest point since February 2023.

Gold is experiencing bullish momentum fueled by geopolitical tensions and a weakening US Dollar. China’s stimulus, Fed rate cut expectations, and rising Middle East tensions support gold’s outlook. A short-term dip may present buying opportunities.