Introduction On July 24, the S&P 500 closed at 5,427.13; this marks almost a 5% drop from the previous high. This drop follows a series of mixed performances over the last week. The volatility is attributed to significant losses in major tech stocks and companies within the utilities sector. Notably, shares of Vistra Corp. and Read More…
Equities ended higher on Monday as risk appetite improved and demand for mega-cap growth stocks increased. Shares of big companies like Alphabet, Tesla, and Nvidia led gains. At the same time, investors were preparing for this week’s US inflation report, which could reshape the outlook for Fed rate cuts. Nvidia rose by 4.8% after Reuters Read More…
Introduction We are excited to celebrate a big milestone this week at OneUp Trader! This marks the 100th newsletter hitting your inbox! Our Goal With The Newsletters From the very first newsletter, our mission has been clear: to provide educational trading content on recent market news, OneUp Trader updates, and a platform traders can trust. Read More…
Introduction What if you are long stocks and the price only went up? What if the RSI was overbought ALL THE TIME? Would you think its time for a retracement? No, you wouldn’t because euphoria is striking, and that is dangerous. It is even difficult to do technical analysis because the price only goes up Read More…
Equities rose on Monday as investors priced in a higher likelihood of a Trump win after the attempted murder. At the same time, optimism about rate cuts in the US after Powell’s dovish comments remained. On Saturday, an assassination attempt against Trump raised the chances that he would win the November election. A Trump win Read More…
The decline in DXY: The DXY index has seen a recent decline, trading at around 105.125, primarily due to the strengthening of the euro and a weaker yen. The euro’s rise was driven by the results of France’s parliamentary elections, which alleviated concerns over aggressive fiscal policies and boosted European stocks and bonds (FX Empire). Read More…
