Category Archive: Finance, No picture
Gold Will Go Higher Then Even Higher
Image Source: UnsplashPatrick Vierra from SBTV spoke with CMT, MFTA Jordan Roy-Byrne from The Daily Gold. Jordan goes over the new support levels for gold and how the 50-day moving average plays a role in the recent pullback with precious metals.However, despite the pullback, Jordan lets us know how gold is going to go higher, then […]
Stocks, Rates, And The Dollar Rise On May 6, 2024
Image Source: UnsplashThis is probably going to be a dull week in terms of newsflow. Today, we had Barkin and Williams from the Fed talking, and Barkin was more Hawksih on the rate outlook than Williams, although Williams wasn’t as dovish as he has been in the past. Tomorrow will be Kashkari’s, and he has undoubtedly been […]
The Canadian Cannabis Report- Monday, May, 6
Image source: UnsplashFor the trading week ended May 3, 2024, my proprietary Canadian Cannabis Company Index (MCCCI) increased by 8.6% compared to the prior week when it decreased by 2.1%. The index consists of 14 stocks, many of which are among the most widely held holdings of the 3 ETFs (MJ, CNBS, and THCX) that I […]
Nasdaq 100 & S&P 500 Elliott Wave Update – Mon, May 6
Image Source: UnsplashBoth the S&P and Nasdaq followed through on the current analysis. The upside swing continued with 5200 in view in the SPX and 18200 in the NDX. I updated the near-term picture and included some Fibonacci levels. I continue to feel the market will not waste time in getting back to new ATHs. My […]
Current Analysis: ChipMOS TECHNOLOGIES
Image Source: UnsplashChipMOS TECHNOLOGIES Inc (IMOS) is engaged in the research, development, manufacturing, and sale of high-integration and high-precision integrated circuits and related assembly and testing services.The company’s segments include Testing, Assembly, Testing, and Assembly for LCD, OLED, and other Display Panel Driver Semiconductors (LCDD), Bumping, and others.The Company derives a majority of its revenue from […]
Was High Inflation Inevitable?
Image Source: PexelsDuring the period following the 2020 Covid pandemic, many countries experienced relatively high inflation. This reflects two factors: 1. All countries were hit by shocks such as Covid-related supply chain disruptions and the Ukraine war. 2. Most countries enacted very extensive stimulus programs, which had similar effects in each case.It was appropriate to allow […]
Kenya taps US Bitcoin mining giant Marathon Digital for crypto regime and mining consultation
Kenya’s President William Ruto has appointed Marathon Digital, a prominent US Bitcoin mining firm, to provide consultancy services on the nation’s crypto policies and the energy requirements associated with crypto mining, according to Kenyan Wall Street, a local digital-first media house that focuses on business and finance.With this appointment, Marathon Digital and Kenya’s National Treasury […]
The Option Market Shows The Way Through This Low-Volume, Fed-Driven Melt-Up
The S&P 500 ended today’s session a little more than 1% higher than where it started.Not bad… but before you get too giddy, consider that gold equaled the market’s one-session gain and silver, the “junior metal,” blew them both clean out of the water.At the same time, trading volume in equities has been very light.And […]
Indices Look To Escape ‘Bear Flags’ As Resistance Levels Get Chalked Off
Image Source: PexelsWhile I was (still am?) looking for zig-zag measured moves lower for the S&P, Nasdaq, and Russell 2000 (IWM). All of these indices did a good job of pushing out of bearish patterns and setting up for challenges of highs. It was impressive, as the easier option was probably to move lower, particularly for […]
The Coming Days Might See Market Bears In Hibernation Allowing Bulls To Run Free
Image Source: UnsplashMARKETSMonday saw stocks continue their advance, buoyed by Wall Street’s optimism from the previous session. This optimism was fueled by traders’ heightened expectations of Federal Reserve rate cuts. Chair Powell’s dovish stance post-FOMC injected fresh life into the rate cut narrative. As market participants digested the news that rate hikes were off the table […]
