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The day before yesterday's weak finish set a precedent as to what to expect yesterday. Premarket action had offered some cause for optimism, but strong economic data sent markets packing and it will...
• U.S. jobs report, Fed FOMC Meeting minutes will be in focus this week. • AMD is a buy as it gets ready to showcase its next-gen GPU at CES 2025. • Constellation Brands is a sell with downbeat...
Traders brace for a cautious start to the year as markets look for direction post-holidays. Key technical levels on major indices could signal the next big move amid subdued volatility. Economic...
For those new to our Elliott Wave-based analyses and as a reminder to our regular readers, we have been tracking an ending diagonal (ED) pattern for the Nasdaq 100 for over a month. In our previous...
The S&P 500 rallied by about 75 basis points yesterday, but it remains a market with weak breadth. Breadth was notably weak in the morning, though it improved slightly as the day progressed....
I never thought someone would label me a “Permabull.” This is particularly true of the numerous articles I wrote over the years about the risks of excess valuations, monetary interventions, and...
The Fed's hawkish tone has rattled markets, setting a cautious tone for year-end trading. Key support levels on the Nasdaq 100 and S&P 500 could dictate the next big moves. Reduced holiday...
The US Dollar Index is up over 6% this year, almost all attributable to a post-election surge. As many developed nations show stagnant economic growth or even contraction, the U.S. economy continues...
The loss of the 20-day MA in the Russell 2000 (IWM) is playing towards a test of the 50-day MA. Friday's premarket had suggested a recovery was possible but the reality was something different....
• Fed rate cut, FOMC dot-plot, Powell comments will be in focus this week. • Micron offers significant upside potential backed by robust earnings growth and strong demand for its AI-related...
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