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The Nasdaq 100 index is set to undergo its third rebalancing in history It will reduce the weight of the top seven stocks in the index Could that induce selling pressure from ETFs that track the...
This is one of the most popular and yet misleading charts in macro.People like simple narratives: the Fed is ''pumping money'' into the ''system,'' and that's why equity markets go up. That’s...
There is just no sugarcoating it: Technology stocks are the hottest sector on the planet.And if the broader stock market wants to keep its upside momentum, it will need tech stocks to remain a market...
Microsoft, Alphabet, Meta Platforms, and Amazon report earnings next week, with Apple scheduled for the following week. ‘FAAMG’ profit, revenue growth, guidance updates will be the next...
Two weeks ago, see here; our primary expectation based on our interpretation of the price action for the Nasdaq 100 using the Elliott Wave Principle (EWP) was to drop to $14000 before rallying to...
A bright start to the week has given bulls a vital advantage, although trading volume remained light overall. Since the breakouts happened in early July, I would now be looking for a more substantial...
The tech-heavy Nasdaq 100 has been the top-performing index on Wall Street in 2023. Receding inflation worries and easing fears about further Fed rate hikes will likely continue to boost companies in...
The Russell 2000 made its move, but today it was Nasdaq and S&P 500's turn. Technically, the breakouts for both of these indexes occurred yesterday, but doji doesn't really qualify because of the...
Two weeks ago, we used the Elliott Wave Principle (EWP) to determine where the NASDAQ 100 (NDX) could potentially bottom.We expected: “The market is…in a counter-trend rally: green W-b/2....
Global markets have remained relatively calm over the past week even as Fed Chair Jerome Powell reiterated a hawkish stance, signaling a possibility of additional rate hikes.However, as we conclude...
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