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4 Hour Chart Elliott Wave Technical Analysis: USDCHF – Friday, December 1

4 Hour Chart Elliott Wave Technical Analysis: USDCHF – Friday, December 1

Image Source: UnsplashUSDCHF Elliott Wave Analysis Trading Lounge 4 Hour  Chart, 1 December 23  U.S.Dollar/Swiss Franc(USDCHF) 4 Hour ChartUSDCHF Elliott Wave Technical AnalysisFunction: TrendMode: impulsive  Structure: blue wave 1Position:  Black wave 3Direction Next Higher Degrees: Blue wave 1(may started)Details:  red wave 5 blue wave C of 2 looking completed between fib level 61.80 to 78.60. Now […]
SPDR ETF Report For Thursday, November 30

SPDR ETF Report For Thursday, November 30

Image Source: PixabayIn this video, Ira Epstein reviews the day’s trading in various SPDR-ETF markets for the trading day just ended, Thursday, November 30.Video Length: 00:17:14More By This Author:Financial Markets Report For Thursday, November 30Metals Report For Thursday, November 30SPDR ETF Report For Wednesday, November 29
Gold Futures: Further Rebound Likely

Gold Futures: Further Rebound Likely

Image Source: PixabayOpen interest in gold futures markets dropped by nearly 8.7K contracts after two consecutive daily builds on Thursday, according to preliminary readings from CME Group. Volume followed suit and shrank for the third straight session, now by almost 65K contracts.  Gold: Next on the upside comes $2070Thursday’s knee-jerk in gold prices was on the back of […]
Gold Nears All Time High, Silver Records A Major Breakout

Gold Nears All Time High, Silver Records A Major Breakout

Image Source: UnsplashAfter falling into the mid-$1,800s this fall, the Gold price has taken off and is once again threatening its All Time High. As it does, the significance of this recent move is clear in the broader context, as price is on the verge of breaking out of its pink Bull Flag as well as a very […]
QQQY ETF Inflows Slow Despite Zero-Day Options Boom

QQQY ETF Inflows Slow Despite Zero-Day Options Boom

Image Source: Pixabay The Nasdaq 100 Enhanced Option ETF has grown to have over $194 million in assets. It is a leading fund in the growing zero-day-to-expiration (0DTE) industry. Investors are attracted to the fund because of its 11% yield. The Nasdaq 100 Enhanced Options Income ETF (QQQY) fund has done well in the past three […]
IBM, V: Large Cap US Stocks With Leverage To AI, Global Growth

IBM, V: Large Cap US Stocks With Leverage To AI, Global Growth

Image Source: PexelsThe main reason for the stock rally earlier in November was the sharp decline of long-term interest rates. The yield on the 10-year Treasury note plunged from almost 5% to 4.5%, a big move from bond markets. Meanwhile, I continue to like two large-cap names with leverage to a handful of powerful trends.Start with International Business […]
Macro: Chicago Business Barometer For November 2023

Macro: Chicago Business Barometer For November 2023

This number was truly stunning and almost unbelievable. Chi-palm as we used to call in back in the day jumped from a recessionary level of 44 to 55.8. The index has done this when exiting recession and also acted this way just before going into a recession. After sitting in recessionary territory for a year, […]
3 Stocks That Should Be On Your Radar In December

3 Stocks That Should Be On Your Radar In December

Image Source: UnsplashNovember was a very strong month for stocks as the S&P 500 rose +8% while the Nasdaq climbed +10%. Investors will certainly be looking for stocks that can keep this momentum going and several top-rated Zacks stocks look attractive as their quarterly results approach next week.Rounding out a favorable month for equities here is […]
Asia Morning Bites For Friday, December 1

Asia Morning Bites For Friday, December 1

Image Source: UnsplashGlobal macro and markets Global markets: Treasury yields continued their slow march higher on Thursday. 2Y Treasury yields rose 3.5bp to 4.68% and 10Y yields rose 7.1bp to 4.326%. Jerome Powell is slated to speak at an event in Atlanta today, which will be watched closely for any hints of rate cut timing. We suspect […]
Elliott Wave Technical Analysis: DOTUSD – Friday, December 1

Elliott Wave Technical Analysis: DOTUSD – Friday, December 1

Image Source: PexelsElliott Wave Analysis TradingLounge Daily Chart, 1 December 23,Polkadot / U.S. dollar(DOTUSD)DOTUSD Elliott Wave Technical AnalysisFunction: Follow TrendMode: MotiveStructure: ImpulsePosition: Wave 1Direction Next higher Degrees: wave (1) of ImpulseWave Cancel invalid level:Details: Wave 1 may have ended and prices are entering. Correction in Wave 2Polkadot / U.S. dollar(DOTUSD)Trading Strategy: The rise in wave (1) […]