Tesla Approaches Key Resistance Levels Ahead Of Anticipated Robotaxi Event
Yesterday, TSLA sealed up its price gap after months of effort, and today the momentum continues as it approaches not one but four resistance objects.
US Dollar Soft After Consumer Confidence Figures, Eyes On Fed Speakers
The US Dollar Index (DXY), which measures the value of the USD against a basket of six currencies, posted some losses on Tuesday after the release of the Conference Board’s Consumer Confidence data.
America At Risk
A recent bipartisan report highlights escalating geopolitical tensions that pose serious threats to global stability, which may drive demand for gold and silver.
China Policy Moves In Context
PBoC and financial regulators act, but even with fiscal measures underway, are unlikely to drastically change the path of the economy.
Boeing’s Labor Dispute Drags On As Stock Struggles
Boeing faces intensifying pressure as its largest union rejected the company's "best and final" offer, prolonging a strike that has lasted nearly two weeks.
Europe, Heading For Inevitable Decline?
Europe is moving backwards on many fronts, again and again, due to the striking divergences between its member states. In the 2000s, Europe accounted for 30% of global GDP; today, it's barely 20%.
The Fed's Quarterly Review Of Household Wealth
The conventional wisdom in investing suggests that individuals should reduce their exposure to equities as they age. This strategy is based on the principle that younger investors have a longer time horizon and can afford to take on more risk.
National Bank Of Hungary Review: Back In Business
After the shortest possible pause in the easing cycle, the NBH was back in business, cutting its key rate by 25bp in September.
Goldman Sachs Comments On Silver After The Fed Meeting
Goldman Sachs commented on the silver market prior to the Fed’s latest policy meeting, noting the surge in speculative futures and the inflows into the ETFs. Now that the meeting is over, where do they see the market now?
EUR/USD Price Analysis: Dismal EU PMIs Tone Down Bulls
The EUR/USD price analysis shows a transition from a bullish to a ranging market after PMI data in the Eurozone and the US. Business activity in the Eurozone deteriorated in September, sinking the euro. Meanwhile, it held steady in the US.
Precious Metals Market Update – America At Risk
A recent bipartisan report highlights escalating geopolitical tensions that pose serious threats to global stability, which may drive demand for gold and silver.
Coal India Ltd Stocks Elliott Wave Technical Analysis - Tuesday, September 24
If the above is correct, bears could continue to remain in control holding prices below 550 and drag towards 460 mark before giving up. Only a break above 550 ideally changes the structure for now.
MU Looks Interesting Ahead Of Earnings Wednesday Afternoon
Chip maker Micron was one of the best performing semiconductor stocks heading into its June earnings report – up 118% over the previous 12 months, trailing only NVDA among stocks in the Philadelphia Semiconductor Index over the period.
US Consumer Confidence Plunges Most In 3 Years As Labor Market Weakens Significantly
Thanks to a plunge in 'Present Situation', The Conference Board's Consumer Confidence index tumbled back near the lows of the last three years.
Pennant Finds Profits In Senior Healthcare And Hospice
Pennant Group (PNTG) has shown strong technical indicators with a 53.82% gain since Trend Seeker's buy signal on 7/1 and a 215.47% gain in the last year. The company operates in home health, hospice, and senior living services
WTI Crudeoil Commodity Elliott Wave Technical Analysis - Tuesday, September 24
The first leg of this pattern has completed a zigzag structure, labeled wave W (circled) of the primary degree. The second leg has formed a triangle structure, identified as wave X (circled) of the same degree.
SPY Readying A Push
S&P 500 produced a tight range day – no news or catalyst for breakout or breakdown. Sectoral view doesn‘t allow me to decisively favor either side in the very near term as stocks have weathered the rise in yields so far very well.
China Goes Big, And Market (Initially) Gives It The Benefit Of The Doubt
News of China's multifaceted support measures have bolstered risk appetites today. The dollar is mostly softer and only the yen and Swiss franc among the G10 currencies have been unable to find traction against the greenback.
Bull Of The Day: Axis Capital Holdings
Axis Capital Holdings' stock stands out among the Zacks Insurance-Property and Casualty Industry which is currently in the top 8% of over 250 Zacks industries.
The Coca-Cola Company Stocks Elliott Wave Technical Analysis - Tuesday, September 24
Looking for the last push up into wave {v} of 3 as we have been correcting around the middle of MG2 at 72$. Looking for 80$ as upside target for wave 3.