US equities closed the holiday-shortened session on Monday with slight gains, aided by a surge in Tesla stock and the strength of bank shares as the second half of the year began on a subdued note. Tesla’s shares soared by 6.9% after the electric vehicle manufacturer announced a record number of vehicle deliveries during the Read More…
Introduction NQ has been surging for the majority of this year, now up 47% from the lows back in November 2022. Nasdaq is only 7% away from testing all-time highs, so the bull market is in full swing, no matter what the mainstream would like to call it. Technical analysis 100 & 50 MA: The 50 Read More…
Techncial recap Take a moment to review the analysis from June 12th here. The gap we analyzed has been filled perfectly, and an immediate bullish reversal followed. Now, bulls are pushing price up above the horizontal resistance line and attempting to break above the ascending triangle once more. Technical analysis Moving Averages: The 50 MA is sitting Read More…
Technical analysis MACD Divergence: This is the main focal point for our Gold analysis this week. It shows strong bullish divergence on the daily time frame. This is a signal that short trades are likely better to be ignored for now. It is not a direct signal to take longs though, we may see price Read More…
On Tuesday, US equities recovered from a losing streak due to positive economic data. This eased investor concerns about an impending recession caused by the Federal Reserve’s aggressive interest rate increases. US housing, factory orders and confidence data (Source: Commerce Department, Conference Board) In May, new orders for important US-manufactured capital goods unexpectedly increased, and Read More…
Recap On June 15th, we set our target for the Euro for a price of $1,104. This target was hit last Thursday as 6E rallied 3.6% from its recent low. The question is whether we see a higher chance this resistance zone will be broken to the upside or if the bears will push 6E Read More…
