On Tuesday, equities rose thanks to strong corporate earnings and optimistic forecasts, boosting investor risk appetite and sparking a broad market rally. All three major US stock indexes moved higher, largely driven by large-cap companies sensitive to interest rates. Meanwhile, benchmark Treasury yields remained stable, comfortably below their recent peak at 5%. The third quarter Read More…
US equities fluctuated and closed with mixed results on Monday as benchmark US Treasury yields dropped from 5%. Investors turned their attention to high-profile earnings and closely watched economic data for the week ahead. The S&P 500 index finished modestly lower, while momentum stocks sensitive to interest rates lifted the tech-heavy Nasdaq Composite Index higher. Read More…
Introduction Bond buying has been going crazy since the start of the conflict in the Middle East, and anyone trying to catch a falling knife now has been burnt badly. Let’s take a look at all time frames to get an idea of how we can take advantage of these market moves. Monthly Chart The Read More…
Monthly chart The monthly chart is the most interesting to look at out of all the time frames because of the possibility of an enormous 1-2-3 reversal pattern that could send NQ tumbling to $6000. This seems unlikely at the moment but is still a possibility if price reverses from here and falls below $10513.25. Read More…
US equities ended mixed on Tuesday, with the Nasdaq closing lower, while the Dow and S&P 500 remained nearly unchanged. These moves were due to rising Treasury yields and a drop in the shares of chipmakers after the Biden administration announced it would halt shipments of advanced artificial intelligence chips to China. The Philadelphia SE Read More…
Introduction Crude Oil consolidated last week after a huge drop the week prior, where one barrel dropped almost $15 in that period. Let’s take a look at the technicals and price levels for both bears and bulls. Technical Analysis The upward-sloping trend line mentioned in the previous CL technical article is still intact but barely. Read More…
