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Why You Should Invest In Gold – The Simple Truth

Why You Should Invest In Gold – The Simple Truth

Image Source: PixabayWith 2024 looking like another turbulent year for investments, this is a reminder why gold is still the smartest guy in the room. These are the compelling reasons why you should consider adding more gold to your precious metals’ holdings:With 2024 looking like another turbulent year for investments, this is a reminder why gold […]
Nvidia Breaks To New All-Time High, What’s Next?

Nvidia Breaks To New All-Time High, What’s Next?

Image Source: PixabayNvidia (NVDA) broke to a new all-time high as we start 2024. The stock shows an incomplete impulsive structure from the last significant low on October 31, 2023 low. The rally from October 31 is unfolding as a 5 waves impulse Elliott Wave structure. Up from October 31, wave ((1)) ended at 505.48, and dips […]
Markets Trade Higher Ahead Of Thursday’s CPI

Markets Trade Higher Ahead Of Thursday’s CPI

Image Source: PexelsAnother healthy day for market indices today is always a welcome sight. We’re operating with little data to this stage in the week, but we won’t turn our nose up at modest bullish sentiment. The Dow was just off session highs, +170 points, +0.45%, while the S&P 500 moved back above 4780: +0.57%. Both […]
EUR/USD Edges Higher To Near 1.0980 Ahead Of US CPI Data

EUR/USD Edges Higher To Near 1.0980 Ahead Of US CPI Data

Image Source: Pixabay EUR/USD gains upward traction as the US Dollar declines on improved risk appetite. The breakthrough above the barrier at 1.1000 could lead the pair to revisit the previous week’s high at 1.1038. The major support at 1.0950 could be retested as MACD suggests tepid momentum. EUR/USD extends its gains on the second consecutive […]
Bullish Continuation In ’24? 3 Market Areas To Watch

Bullish Continuation In ’24? 3 Market Areas To Watch

Image Source: PexelsAs 2022 came to a close, investors were skeptical – to say the least. As inflation soared to 40-year highs, war broke out in Europe, a regional banking crisis gained steam, and tech stocks got hammered, few Wall Street “experts” or talking heads predicted that stocks would have the bullish year they had. However, […]
This CPI Reversal Could Make Your Entire Week

This CPI Reversal Could Make Your Entire Week

Image Source: UnsplashHere we go… CPI tomorrow!!We’re expecting lots of volatility tomorrow morning, and everyone’s waiting for a pullback…But my favorite trade is this reversal – time this entry correctly and take the rest of the week off!Everyone’s expecting a bullish report tomorrow morning, and that’s exactly why you better be ready for the reversal!E-Mini S&P […]
Asia Morning Bites For Thursday, January 11

Asia Morning Bites For Thursday, January 11

Image Source: PixabayGlobal Macro and Markets Global markets: Wednesday was another really quiet day for US Treasuries, perhaps again reflecting the absence of any major macro releases ahead of today’s US CPI release. 10Y US Treasuries traded in a 6bp range, and are just 1.5bp higher than this time yesterday at 4.028% currently. 2Y yields managed to […]
SPDR ETF Report For Wednesday, January 10

SPDR ETF Report For Wednesday, January 10

Image Source: PixabayIn this video, Ira Epstein reviews the day’s trading in various SPDR-ETF markets for the trading day just ended, Wednesday, January 10.Video Length: 00:17:47More By This Author:Financial Markets Report For Wednesday, January 10Metals Report For Tuesday, January 9SPDR ETF Report For Tuesday, January 9
Rising Stocks And A Falling VIX Will Need To Combat A Potential Breakout In Rates

Rising Stocks And A Falling VIX Will Need To Combat A Potential Breakout In Rates

Image Source: PixabayThe S&P 500 finished the day higher by about 60 bps, while the S&P 500 equal weight ETF finished the day higher by just 17 bps. It again shows how the indexes are diverging and returning to their ways of mid-summer and December.The movement in this week’s markets has led me to conclude that […]
The CPI Effect On Stocks

The CPI Effect On Stocks

Image Source: UnsplashHere is a chart I put together of the SPY with a vertical line denoting each monthly CPI report. This is all thanks to our spiffy Event Markers feature! The green tint indicates reports that led to a generally bullish month, the magenta for bearish, and grey for neither. As you can see, the last two reports simply egged on the bulls. Let’s see what Thursday morning holds, […]