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S&P 500 And Nasdaq 100 Elliott Wave Update

S&P 500 And Nasdaq 100 Elliott Wave Update

  ↵Image Source: Unsplash The markets did finally bring some clarity as to direction and EW labeling. I updated the EW counts for both the ES and NQ and add the appropriate Fibonacci retracements and extensions.Wednesday is Fed decision day – which will be reported at 2 PM EDT with the all important Press Conference from Powell coming […]
Ahead Of The Fed – Eyes On Long Bonds TLT

Ahead Of The Fed – Eyes On Long Bonds TLT

Over the weekend Geoff Bysshe wrote an Outlook. “Long-Term Interest Rate Tipping Points While most investors consider the level of interest rates to be the source of the “tipping points” that move stocks… We’ve found that the velocity of interest rate changes is equally as reliable as absolute levels at identifying “tipping point” effects on other […]
Here’s When Silver Outperforms Gold

Here’s When Silver Outperforms Gold

Image Source: Pixabay First Gold breaks out and then after a period of months, Silver breaks out. Historically, Silver begins to strongly outperform Gold around the time it breaks out.The major resistance for Silver is at $26 and $28. A break above $26 or $28 should lead to Silver outperforming Gold.Video Length: 00:07:38More By This Author:Gold […]
The VIX Falls Ahead Of OpEx And The FOMC Meeting

The VIX Falls Ahead Of OpEx And The FOMC Meeting

It was an implied volatility day, so it felt like it was ahead of Vixperation tomorrow morning. The important level for the VIX is 14, and as of today, the VIX closed at 13.8. Vixperiation officially isn’t until the morning, so the VIX may manage to climb back above 14, but there is clearly an […]
The Worst Stock In The World

The Worst Stock In The World

Image source: Pixabay Earlier this morning, I was live in The Oxford Clubroom discussing what I believe is the worst stock in the world.The stock is MicroStrategy (Nasdaq: MSTR).I first criticized MicroStrategy in early 2021. I was quoted in The New York Times, Bloomberg, Fox Business, and other financial media about what I thought was “the most irresponsible action [I’d] ever seen […]
Review Of Recent Stock Recommendations

Review Of Recent Stock Recommendations

Image Source: Pexels Market Overview: The market is in a confirmed uptrend. We’re starting to see more distribution days, so that is worth watching. Recent Stock Recommendations: Ultimately, my goal is to find true stock gems capable of exceptional performance. Stocks capable of gaining 700% over 3 Years.Some picks have performed quite well. Some have been […]
Stocks And Precious Metals Charts – The Big Squeeze

Stocks And Precious Metals Charts – The Big Squeeze

It was a wobbly day, with a slight risk on bias. Stocks ended higher on the day.Gold and silver were lower.The VIX fell.The Dollar rose.The FOMC rate decision tomorrow is a pivotal moment for the markets.Have a pleasant evening. More By This Author:Stocks And Precious Metals Charts – Fed On Wednesday Stocks And Precious Metals Charts […]
Rates Spark: Data And Not Dot Plots Will Decide Fed Cuts

Rates Spark: Data And Not Dot Plots Will Decide Fed Cuts

Bonds were in a good mood on Tuesday, but the mood from Wednesday on will be set by the FOMC outcome. Any fiddling with the dot plot will have an impact. Beyond that we’re still in this inflation pop period that continues to pressure yields higher. It likely won’t last, but it’s the dominant driver […]
Market Talk – Tuesday, March 19

Market Talk – Tuesday, March 19

ASIA:The major Asian stock markets had a mixed day today: NIKKEI 225 increased 263.16 points or 0.66% to 40,003.60 Shanghai decreased 22.17 points or -0.72% to 3,062.76 Hang Seng decreased 207.64 points or -1.24% to 16,529.48 ASX 200 increased 27.40 points or 0.36% to 7,703.20 Kospi decreased 29.67 points or -1.10% to 2,656.17 SENSEX decreased […]
WTI Slips After Small Crude Draw But Pump-Prices Hit 5-Month Highs

WTI Slips After Small Crude Draw But Pump-Prices Hit 5-Month Highs

Photo by Timothy Newman on Unsplash Oil prices extended gains today to fresh cycle highs (5-month highs) as the demand/supply/geopolitical-premium balance appears to have shifted. “Oil benchmarks have been restored to multi-month highs as supply-side risks grab hold of market’s attention once more,” said Han Tan, chief market analyst at Exinity. “Oil prices were given a bullish impulse […]