Quick Look At The Economic Modern Family
While I am extremely focused on commodities as outlined in Monday’s Daily, my viewpoint for most equities remains cautious to neutral.What might turn us to be more bullish?I love these weekly charts.Let’s analyze.Going from the top row left to right we start with Granny Retail.3 weeks ago, XRT failed the weekly channel giving us a […]
Financial Markets Report For Tuesday, April 23
Image Source: PixabayIn this video, Ira Epstein reviews the activity in the Financial Markets after the day that just ended, Tuesday, April 23.Video Length: 00:12:45More By This Author:SPDR ETF Report For Monday, April 22Metals Report For Monday, April 22Financial Markets Report For Monday, April 22
EUR/USD Holds Above 1.0700 On Weaker US Dollar, Upbeat Eurozone PMI
Image Source: Pixabay EUR/USD hovers around 1.0700 on Wednesday amid the weaker US Dollar. The Eurozone flash PMI showed the economy gained recovery momentum in April. S&P Global suggested US business activity continue to expand in April, albeit at a softer pace than in March. The EUR/USD pair holds above the 1.0700 psychological barrier during the […]
Stocks Rally Again As Rates And The Dollar Stay On Vacation
Image Source: PixabayStocks finished the day higher, with the S&P 500 up 1.2%, following yesterday’s advance. So far, the rally has been relatively ordinary and boring. It appears to be bouncing in ordinary negative gamma fashion, with these rallies emerging out of thin air. However, that will likely start changing as we go through the rest […]
WTI Holds Gains After API Reports Unexpected Crude Inventory Draw
Photo by Timothy Newman on UnsplashOil prices ended notably higher today after recovering strongly from overnight weakness (driven by a Bloomberg report that said fresh U.S. sanctions targeting vessels and refineries handling Iranian oil shipments were having a muted impact on crude supply).If implemented and enforced, the new sanctions could add as much as $8.40 to global prices, according to ClearView Energy […]
Stocks And Precious Metals Charts – Hiding Out
Stocks continued moving higher in a relief rally from a short-term oversold condition.Without a fresh fundamental reason to continue to rise higher, the correction in the market is probably coming quickly to an end.Non-Farm Payrolls report for April on next Friday, May 3rd will likely affect the markets.Gold and silver were hit hard early on, […]
The VIX May Soon Start To Turn Higher Again
Image Source: Pixabay The stock market rally has been driven by implied volatility melting and rates and the dollar stalling out ahead of a big week of data to come.Video Length: 00:07:06More By This Author:Stocks Rally As Rates Stall Ahead Of Treasury Auctions And Data Dump Economic Data Could Send Rates Soaring And Stocks Lower The […]
Market Talk – Tuesday, April 23
ASIA:The major Asian stock markets had a mixed day today: NIKKEI 225 increased 113.55 points or 0.30% to 37,552.16 Shanghai decreased 22.62 points or -0.74% to 3,021.98 Hang Seng increased 317.24 points or 1.92% to 16,828.93 ASX 200 increased 34.30 points or 0.45% to 7,683.50 Kospi decreased 6.42 points or -0.24% to 2,623.02 SENSEX increased […]
ARK Destroyed More Wealth Than Any Asset Manager Over The Previous Decade
ARKK ARK Innovation Fund courtesy of StockCharts/Com annotations by MishCathie Wood Investors Jumping ShipThe Wall Street Journal reports Cathie Wood’s Popular ARK Funds Are Sinking Fast Cathie Wood’s investors are jumping ship. They rushed into her funds and won big during the pandemic, when the star fund manager became a social-media sensation by making bold bets […]
Apple AI Rumors Get Better
Image created using Midjourney with this prompt: a huge crowd of people at wwdc 2024, each with an iphone in their hand, all excited to hear what tim cook has to say about AI features in iOS 18. art reminiscent of the apple 1984 tv commercial. You can’t discuss the future of generative AI copilots […]
