Reading time: 3 minutes The S&P 500 is testing the all-time high once more, and now the bulls need to follow through and push the price above 7,906. The trend is bullish. There is not much to look at in the chart, but let’s see what important levels are to note and if there are Read More…
Gold prices eased on Wednesday as elevated yields hurt demand for the yellow metal. Treasury yields have remained near multi-decade highs despite a decline in Fed rate hike expectations. A poor employment report on Wednesday increased chances that the Fed will keep interest rates unchanged in October. Spot gold (Source: Bloomberg) Bullion has collapsed in Read More…
A $50,000 evaluation does not give you $50,000 of room to trade with. That is just your buying power; the drawdown is something different, and it is important you know how it works before you start trading. This guide shows how OneUp Trader’s trailing drawdown works, when it locks, and how to size trades so Read More…
Reading time: 3 minutes Euro futures have extended their decline since our September 30 analysis. We noted that bulls needed to hold the 1.14 level or we could see selling pressure accelerate. The buyers were not able to hold the level, and the price is now turning even more bearish than it was before. The Read More…
Equities soared on Monday, continuing Friday’s move as investors cheered a decline in Fed rate hike expectations. The tech sector shone with stocks like Nvidia and Micron leading the rally. Market participants are now looking forward to the FOMC meeting minutes due on Wednesday for more cues on future policy moves. S&P 500 (Source: Bloomberg) Read More…
Reading time: 3 minutes In our September 23 analysis, we were watching whether crude oil could hold $89–$90 and recover above $92–$93. Buyers have repeatedly come back into the market near support, but those rebounds have not ended the correction just yet. The market is still making lower highs beneath September’s peak. This is not Read More…
