Category Archive: Finance, No picture
Nasdaq 100 & S&P 500 Elliott Wave Update – Wed, May 1
Image Source: UnsplashWild and crazy day to say the least! Both the ES and NQ gave a nod and a push towards both the “A” and “B” versions of the preferred count(s). Neither came out the winner and I again am not handing out the winning ticket — so again I lay out possible limitations which […]
Tesla Is Scaling Back Superchargers, Rescinding Offers, Firing More Workers
Image Source: PexelsThings are going so well for Tesla that Elon Musk is scaling back charger plans, rescinding offers made to interns, and firing a lot of people including the entire supercharger team.Hello Elon, What’s Going On?The Wall Street Journal reports Tesla Is Pulling Back From EV Charging, and People Are Freaking Out Tesla’s move this week […]
Silver Price Analysis: XAG/USD’s Uptrend Remains Intact, As Bullish Harami Looms
Image Source: Pixabay Silver stable at $26.64 after Fed holds rates steady, per Chair Powell’s data-driven stance. Technicals: Silver rebounds from $26.27 low, eyes $27.00 resistance. Silver hints at bullish trend; breakout above $27.14 could reinforce this. Bearish shift requires silver below $26.13, targeting lower supports. Silver’s price stayed firm at around $26.64 after the Fed decided to […]
Crude Oil Recedes Post-Fed, WTI Tumbles Below $80
Image Source: Unsplash WTI slips back below $80 per barrel. Crude Oil markets unsettled by latest Fed rate call. Supplies continue to overwhelm Crude Oil demand. West Texas Intermediate (WTI) US Crude Oil fell below $80.00 per barrel on Wednesday as US Crude Oil supply continues to overwhelm demand, and the US Federal Reserve (Fed) remains hobbled on […]
Yen Soars After Japan Intervenes To Prop It Up For Second Time In 3 Days
Image Source: PixabayTwo days after the yen soared after crashing to a 34 year low of 160 against the US, when the Japanese Ministry of Finance reportedly spent around 5 trillion yen, or just over $30 billion, to push the imploding Japanese currency to levels not seen in … about 48 hours, moments ago with much of the […]
Investors Should Be Glad About Gladstone Capital’s 9% Yield
Image Source: PixabayGladstone Capital (GLAD) is a business development company (BDC) that has invested more than $2.5 billion in over 260 deals since it was founded in 2001.The company lends money to growth-oriented or recession-proof businesses that can’t get loans from banks.Gladstone currently has more than 100 investments in a variety of industries. Its portfolio includes… An […]
Risk On, Risk Off, Or Risk Who Knows?
Now that the FOMC is behind us,And the result was exactly what we expected-stay the course,And most sectors of the market found the obvious as a relief,And the metals rallied, right after I wrote that they would in the last Daily,And Jerome Powell said that most likely the next move won’t be a rate hike,And […]
Something Else Is Driving Gold
Image Source: UnsplashThis analysis attempts to look at different metrics to understand the current momentum in the gold and silver markets. It is meant as an analysis of potential price direction in the very short term (1-2 weeks).In the analysis below, the price indicators suggest the correction has more to go, but some of the less-watched metrics indicate the correction could be much […]
Large “Inverse Hammers” Kill Rally In Indices May 01, 2024
Image Source: PexelsToday was not a great day for bulls; what looked promising for all indices intraday, was cooked by the close. The percentage loss for the day was not the issue, it was the intraday spread that caused the problem. In the case of the S&P and Nasdaq, current action since April lows has the […]
Asia Open: The FOMC Whipsaw And More Yen Intervention In Focus
Image Source: PexelsMARKETSMarket participants clung to every word uttered by Chair Powell as risk assets whipped around in a frenetic fashion during the afternoon US trading session.Ultimately, U.S. stocks finished mixed after Powell stated that the interest rate cuts Wall Street desires are still likely, albeit potentially delayed due to stubbornly high inflation. The S&P 500 […]
