On Tuesday, US equities declined as the S&P 500 and Nasdaq ended their five-session winning streaks. Retailers faced losses due to disappointing outlooks, and technology shares also fell. The decline continued as minutes from the latest Federal Reserve meeting revealed a consensus among officials to approach raising US interest rates cautiously. The central bank indicated Read More…
IntroductionThe E-mini Dow Jones (YM) Futures have been exhibiting a consolidation and breakout pattern, as observed in the weekly and daily charts. We must closely monitor these fluctuations to gauge the market’s course as we approach the end of the year. Do you think we will reach all-time highs in equities before year’s end? Let’s Read More…
On Monday, equities on Wall Street closed higher, with the Nasdaq leading the charge with a 1% rally, reaching its highest closing level since July 31. The S&P 500 also registered its highest close since Aug. 1. The Nasdaq rose because Microsoft hit a record high after hiring prominent artificial intelligence executives. Microsoft CEO Satya Read More…
The last time we looked at RTY was almost a month ago as the price just broke below a support trend line. Now, the market for small caps has lagged behind the large cap stocks. Let’s do some technical analysis and see if we expect this gap to close or grow wider. Support and Resistance Read More…
Currency futures rose on Friday while the dollar experienced its second-largest weekly decline against major currencies this year. Concerns about the global economic outlook are growing. At the same time, cooler-than-expected US inflation data on Tuesday and Wednesday increased market expectations for an earlier Fed rate cut. This potential move, expected as early as the Read More…
Introduction The S&P 500 Futures (ES) exhibit strong bullish signals both on the technical side and on the fundamental side. Price is hovering around $4531, with last week closing up 2.1%. ES is only 6.2% away from all-time highs now, and the question is whether we see new highs before the year’s end? Weekly Chart Read More…
