US equities made gains on Tuesday, partly fueled by strong bank earnings. The Dow was on track for its longest streak of daily gains in over two years. Morgan Stanley shares surged by 6.45%, marking their largest one-day percentage increase since November 9, 2020. The bank exceeded expectations, with growth in its wealth management business Read More…
RTY stats The Russell is up 10% YTD and up 21% since the recent low made in October of last year. For the daily chart, technicals overall are bullish and are calling for buys only. The chart appears overbought, however, and the long trade might be a bit exhausted at this point, so let’s take Read More…
On Monday, financial and technology shares boosted US equities, resulting in a higher closing for the day. Investors were eager for the upcoming quarterly results, marking the acceleration of the earnings season. This week, Tesla and Netflix are scheduled to report their earnings. Additionally, Bank of America, Morgan Stanley, and Goldman Sachs will post their Read More…
Introduction As the Dollar’s slump continues, we have seen the majority of currencies rally. 6J is no exception and has rallied 4.3% in July. This has formed a symmetrical triangle pattern on the daily chart, which we can monitor for the next few weeks and months. There are also other technical patterns we can look Read More…
Recap It has been two months since we did the analysis on ES breaking out of the neckline. Since then, ES has rallied 10%, and that trade has been in profit ever since. Let’s take a look at where we see ES going in the near future, but before we do, take a look at Read More…
The US dollar rebounded on Friday after experiencing significant declines in the previous sessions. Investors were consolidating their losses before the weekend. However, the overall trend of the dollar remained negative. The Fed contributed to this downward trajectory as it is near the end of its rate hike cycle due to weakening inflation. Bloomberg dollar Read More…
