On Tuesday, US equities gained modestly as investors analyzed mixed remarks from Federal Reserve officials. Upbeat consumer data added to the positive sentiment. The three major US stock indexes initially lost momentum but closed in positive territory after a range-bound session. Market participants are closely examining comments from monetary policymakers ahead of the FOMC meeting Read More…
Equities drifted lower on Monday as investors paused after Thanksgiving, anticipating crucial economic data during the bustling holiday shopping season. According to Adobe Analytics, Cyber Monday is projected to drive record spending of $12 billion, enticing shoppers with online deals. This upbeat sign reflects the strength of the American consumer, who contributes about 70% to Read More…
Weekly Chart Analysis:The weekly chart gives us a broader perspective and a longer-term view that we use for our trend analysis which means the weekly doesn’t necessarily have to be a chart we look at taking positions. The noteworthy psychological $100 level stands out, but before we get there, let’s focus on the more immediate Read More…
Last week, we analyzed the price action in Gold and maintained a bullish stance on the yellow metal. As we look at the updated price discovery, nothing has changed with GC now moving into a price level to test an important resistance level at $2019. The Gold chart shows a significant recovery from a support Read More…
Introduction Today, we take a technical view of the NASDAQ 100 E-mini Futures (NQ) using both weekly and daily charts to identify critical price levels and trends. Equities are targeting all-time highs, and NQ is no different. Let’s see what the charts tell us and if we see all-time highs being hit by year’s end. Read More…
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…
