Black Candlesticks Are Bearish, But Buyers Are Building An Advantage
Yesterday was a day when markets closed below their open, but above the close; this set-up is typically bearish and shows as a black candlestick in a chart. The problem is that...
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Yesterday was a day when markets closed below their open, but above the close; this set-up is typically bearish and shows as a black candlestick in a chart. The problem is that...
A week and a half ago, using the Elliott Wave Principle, I showed how the S&P 500 was at a crossroads: “The index can now decide if it wants to complete five (5) waves [lower] or...
Thursday’s rally was driven by short covering Several such bullish reversals have failed this year Strong CPI simply calls for more aggressive Fed hikes After a sharp rebound...
The latest Consumer Price Index print has revealed that inflation declined by ten basis points in September. Key Takeaways U.S. inflation declined from 8.3% to 8.2% on a yearly...
Apple has been the best-performing mega-cap technology company this year However, its momentum could be under threat due to slowing global consumer spending Bank of America...
EU and US Futures are in negative territory for the 4th consecutive session. The trade war between the US and China seems to have reemerged. Updates released Friday evening by the...
Two weeks ago, see here, I was tracking a possible impulse move down for the Nasdaq 100 (NDX) from the mid-August high (i.e., five waves lower as per the Elliott Wave Principle...
Unfortunately, large companies have begun to accelerate layoffs or freeze hiring because their forecasts about huge valuations went up in smoke. Amazon (NASDAQ:AMZN), Google...
Nasdaq 100 futures underperformed futures on the Dow, S&P and Russell 2000 and were the only index to trade in the red. Sharply rising Treasury yields have been a critical...
Powell’s Jackson Hole Speech Emphasizes Inflation Fight As Investors Realize Rates Must Head Higher In September, the Dow Jones Industrial Average fell 8.28 %, the S&P 500 dropped...