October 2023 - Page 3 of 71 -

Silver Price Analysis: XAG/USD Price Retreats Below $23.00 As Double-Top Looms

Oct 31, 2023 Jeremy Parkinson Finance 0

Image Source: Pixabay Silver price trips down and aims below the $23.00 mark, which was briefly visited by the grey metal and capped by a strong recovery from the Greenback. The XAG/USD is trading at $22.86, down 1.82%.A double-top in the daily chart is forming, suggesting that XAG/USD could retrace further, past the latest cycle low of […]

Market Talk – Tue., Oct. 31

Oct 31, 2023 Jeremy Parkinson Finance 0

ASIA:China’s economy faces instability post-lockdown, with slowed trade and a substantial $9 trillion debt burden. Additionally, there’s a concerning issue with employing young college graduates, as the youth unemployment rate for ages 16 to 24 reached a record 21% in May 2023, compared to the US rate of 7.4% in the same month. This high […]

AMD Tumbles On Disappointing Revenue Guidance, Drags Chip Names Lower

Oct 31, 2023 Jeremy Parkinson Finance, No picture 0

Image Source: Unsplash Ahead of Apple’s earnings later this week, and the all-important NVDA results next month, all eyes were on chip giant AMD for an advance look into what one may expect. The answer, as so often has been the case this earnings season, was one of two parts: the present situation… and the outlook.Starting […]

Russell 2000 Testing Critical Price Support After Rare 100-Week Decline

Oct 31, 2023 Jeremy Parkinson Finance, No picture 0

Image Source: Unsplash It’s been a dreadful past couple of years for the Russell 2000 and small-cap stocks.Only in 2009 have small caps performed worse over a 100-week period – point (1) on today’s chart.Below we look at a long-term “weekly” chart to highlight some important technical developments that active investors should keep an eye on right here, […]

Wall Street Logs 3rd-Straight Monthly Loss

Oct 31, 2023 Jeremy Parkinson Finance 0

Despite modest gains today, all three major benchmarks finished October with their third-straight monthly loss. For the Dow and S&P 500, this is the worst monthly losing streak since January to March of 2020, the onset of the coronavirus pandemic. And while the Cboe Volatility Index (VIX) closed at two-week lows today, Wall Street’s “fear gauge” […]

China’s Real Estate Bust Has Global Implications

Oct 31, 2023 Jeremy Parkinson Finance 0

The International Monetary Fund warned this month that the downdraft in China’s real estate sector has contagion implications globally: In the near term, the sharp adjustment in China’s heavily indebted property sector and the resulting slowdown in economic activity will likely spill over to the region, particularly to commodity exporters with close trade links to China. Beyond […]

Bitcoin Working Through Channels

Oct 31, 2023 Jeremy Parkinson Finance, No picture 0

Image Source: Unsplash There is no need for complicated indicators when simple price channels will do.The trick is to have software to draw the parallel price channels with great accuracy. We can see here (Chart 1) how two A-B-C channels are forecasting current price support and resistance levels. Chart 1 – Bitcoin More By This Author:The Dow […]

5 Top-Performing Stocks Of The Top ETF Of October

Oct 31, 2023 Jeremy Parkinson Finance 0

Image Source: Pexels First Trust SkyBridge Crypto Industry & Digital Economy ETF (CRPT – Free Report), which provides exposure to the crypto industry and digital economy companies, has gained about 9.2%, becoming the best-performing ETF of October.Bitcoin, the world’s largest cryptocurrency, surged to heights not seen in a year. The digital currency soared to $35,000 last week, more than […]

STOXX 600 Earnings Outlook 23Q3 – Tuesday, Oct. 31

Oct 31, 2023 Jeremy Parkinson Finance 0

Image Source: Pixabay European Aggregate Estimates and Revisions Third-quarter earnings are expected to decrease 8.8% from Q3 2022. Excluding the Energy sector, earnings are expected to increase 2.9%. Third-quarter revenue is expected to decrease 6.2% from Q3 2022. Excluding the Energy sector, revenues are expected to decrease 2.2%. 158 companies in the STOXX 600 have reported earnings to date for Q2 […]

Investing Rules To Navigate Volatile Markets

Oct 31, 2023 Jeremy Parkinson Finance 0

While often difficult, investing rules can help us maintain our focus and investment discipline in volatile or uncertain markets. This year, such has certainly been the case with surging interest rates, expectations of a recession, and geopolitical conflicts in two countries. In times like this, it is easy for us to imagine the worst of […]