The U.S. stock market continued to surge last week. The Dow Jones Industrial Average, S&P 500, and Nasdaq Composite all hit new highs again. On Thursday, the Dow increased by approximately 0.57%, while the S&P 500 rallied 1.8% and the Nasdaq saw gains of 3.57% (Nasdaq) (Investopedia). What is driving this rally besides free money? Read More…
OneUp Trader has just hit a major milestone as we reached 1,000 reviews on Trustpilot! Join us as we celebrate this achievement and tell you a little more about the traders who have succeeded in our funded trader program. Over 1,000 Reviews on Trustpilot Our stellar 4.7-star rating shows the quality and reliability of the Read More…
Introduction Gold Futures (GC) are still performing well in 2024, up 14.2% YTD and 22% for the past 365 days. The main observations we can look at is the huge divergence between the 50 and 200 SMA. The 200 is steadily rising so long term investments and trades point bullish. At the moment, GC is Read More…
Introduction Crude Oil Futures (CL) for the most part are trading in a consolidation phase. YTD CL is up 15%. However, the performance has been mixed, influenced by a stronger dollar and global economic concerns, such as the rebound in Russian crude exports (Barchart.com) (Barchart.com). Weekly Chart Analysis The weekly chart shows CL recently had Read More…
Introduction The S&P 500 e-mini futures (ES) have painted two bearish candles for the past two weeks trade. This was overdue as ES and other US equity markets have soared for 2024. The pullback we expect is likely to be a short-term outlook and by no means a trend reversal, so keep that in mind Read More…
Equities were mixed on Monday as investors shifted from AI to more stable financials, utilities, and energy stocks. As a result, the Dow soared while the Nasdaq and the S&P 500 fell. At the same time, market participants were gearing up for more data from the US that could give insight into the Fed’s policy Read More…
