Day of Indecision for Indices
Yesterday was a day where either the glass was half-full or half-empty - depending on your point of view. Starting with the Nasdaq, a potential bearish 'harami cross' - usually...
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Yesterday was a day where either the glass was half-full or half-empty - depending on your point of view. Starting with the Nasdaq, a potential bearish 'harami cross' - usually...
US CPI increased 7.7% year on year (yoy) in October, the lowest rise this year and half a percentage point lower than the 8.2% registered in September. Core prices—excluding...
Friday's star was the Nasdaq as it managed to break past resistance marked by swing highs in September and October. There wasn't any accumulation volume to go with the breakout,...
Earnings season for the third quarter was better than expected for the S&P 500, with earnings and revenue both surprising to the upside. However, it is what comes next that is...
Yesterday's gains reversed what was looking like a new leg lower, and the degree of the advance was no doubt supported by short covering coming off Wednesday's preferred strategy....
Over the last two months, I have been tracking a possible ideal impulse move down for the NASDAQ 100, i.e., five waves lower as per the Elliott Wave Principle (EWP), to ideally...
Markets gained yesterday, but it was hardly convincing. The Russell 2000 is the best example as it posted its fourth day of doji/spinning top candlesticks - which post a net gain -...
Amazon is facing considerable weakness in its core e-commerce sales The company's cloud and advertising businesses may come to rescue as growth in these areas still remains strong...
Alphabet, Microsoft could be precursor of what’s to come Rebounds of 10% or more for Nasdaq have consistently evaporated this year Slumping Chinese equities raise red...
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...