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Hardly inspiring, but it was a price breakout. The Nasdaq edged itself above resistance, but it will need to do more to confirm. There was a MACD trigger 'buy' with generally improved technicals -...
Last week, see here, we warned using the Elliott Wave Principle (EWP) that the S&P 500 (SPX) was approaching a larger top once, ideally, $4200-4285 would be reached.The index reached $4187 the...
The sense of deja vu strikes once more as we consider yet another attempt at a resistance breakout for the Nasdaq, and potentially the S&P 500 too.The Nasdaq shows solid price action in...
May is expected to be another volatile month on Wall Street. Investor focus will be on the Federal Reserve’s policy meeting, the monthly jobs report, inflation data, more earnings, and the U.S....
The stock market bounce off last fall’s low has kept investors hopeful that the worst is over.But a recent sell signal on the Dow Jones Industrial Average could upend those hopes… if...
Q1 earnings season unofficially kicks off on Friday The S&P 500 is projected to suffer its first earnings recession since 2020 Analysts expect a -6.8% yearly profit decline and sales growth of...
It’s been a decade since gold outperformed the stock market on a steady basis.2018-2019 was strong, but precious metals couldn’t keep the momentum going. Today’s chart looks at...
For readers, new and returning, allow me to refresh your memory. Since Mid-October last year, see here; we were starting to look for the possibility of a multi-month rally. Here’s what we found...
This will certainly be an interesting week, especially with the Federal Reserve meeting scheduled for Wednesday. I anticipate that Jay Powell will raise interest rates on Wednesday, indicating that...
Fed rate decision, Powell comments, bank crisis developments will drive markets in the week ahead. Nvidia stock is set to shine amid AI buzz ahead of ‘GTC 2023’ event. ExxonMobil shares...
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