Hello Traders,
The stock market seems to have entered a "TOC" or "Mania" phase of continued Success in what looks like a vertical climb since the 4th of July celebrations. The rate of change has shown that there is some acceleration in the trend, and is also reflected in the SPY ETF a reduction in trading volume and in part the increase in price is probably due...
- The market has registered higher highs and lows for 6-months ; the mid-term trend is then bullish
- Since the last market top, prices have registered another pull-back to $4.0774.
During this consolidation, the market has registered a rounding bottom pattern, highlighting the fact buyers remain powerful enough to switch market sentiment and lead prices to new...
Hello Traders
Jerome Powell has spoken and the economy seems to be not so "overheated" and the labor market seems calm after the "spikes" of 2020-2021. This could suggest that perhaps the much talked about interest rate cuts that have been mentioned may be coming. Powell spoke to the Senate informing them of the risks facing the economy. "risks on both sides" and...
- The market has been trading inside a bullish channel from November 2023 to May 2024, taking prices 6750pts to 8260pts ; the long-term trend was then bullish.
- As we approach the end of the trading season (Sell in May and go away), the market, which was already trading at an all-time high, started to consolidate inside a lateral rectangle.
This configuration...
- The market is trading inside a bullish channel started mid-june ; the short-term trend is then bullish.
- Over the last few days, we could notice a lack of strength as the market registered the last three tops.
This trend slowdown has been highlighted by a bearish divergence with the RSI indicator.
Both moving averages remain however bullish.
- Despite...
Hello Traders,
Today I want to pitch you a very interesting idea!
Baidu (Ticker AT:BIDU.US) the famous "Chinese Google" is going to die with the AI market and has launched its Ernier 4.0 model being cheaper than OpenAI's GPT4 model. $4.13/million vs $5/million.
Why might we be interested?
Although it is one of the Chinese companies with the highest risk premium...
September US bond futures have had a corrective spike this Friday following the non-farm payrolls (NFP) news. Since April it has been showing how the news of possible rate adjustments by the Fed have been consolidating the US bond to the upside. At the moment, if we look at the rise in gold and bonds, it tells us that it is becoming very interesting for the market...
- The market trades inside a slightly bearish channel, which took place following a 6-months bullish trend that sent prices to a new all-time high above $73K.
This consolidation started in March 2024, comes as a correction of the underlying bullish trend so far.
- However, with this week's new sell-off, Bitcoin is testing a key short-term support sell-off around...
Hello Trader,
The cloud enterprise sector is starting to anticipate a number of gray clouds and it is starting to look like there are several companies favored to get their act together or fall off the AI Boom list.
The Cloud services industry includes giants such as:
- Salesforce(NASDAQ:CRM)
- MongoDB(NASDAQ:MDB)
- WorkDay(NASDAQ:WDAY)
With BVP Nasdaq...
This day is Non-Farm Payrolls release day. U.S. employment growth has shown a slowdown with the unemployment rate holding steady at around 4% which gives the Fed room to control inflation without risk of recession. Today's Friday showing that annual wage growth is rising at its slowest pace in three years could put inflation on track to rise with Fed tightening....
Copper giant Codelco has reduced its production for another quarter, although it is expected to improve its data for the second quarter. Yesterday's close in the UK saw all metals mining companies close the market higher ahead of the parliamentary elections which look very much on track for a possible Labour victory. Precious metals and industrial metals mining...
- The market has been registering lower highs and lows for 6 weeks ; the short-term trend was then bearish.
- During that period, the market has evolved inside a bearish wedge pattern, a configuration that usually appears at the end of a bearish trend.
Indeed, this chart pattern is usually seen as the sign that sellers are becoming less and less powerful/numerous...
The Iberian spread closed yesterday down -1.30% marking the milestone of 1 month in decline. The best performing company was Repsol (BME:REP) which climbed +1.65% ending at 15.13 at the close. Merlin Properties SA (BME:MRL) closed up +0.48% at 10.50 and Sacyr (BME:SCYR) was up $0.42 at 3.34. The worst performers were Enagas (BME:ENAG) with -9.29% closing at 12.79,...
Hello Traders,
Will the S&P500 break through the support zone and approach 5,433 points?
The US market seems to be fighting inflation and the market giants seem to be holding their own with results that are accepted as being on target. With the negative exception of a few giants it appears that the Nasdaq giants are not faring well and Wall Street's...
Today will see the release of Eurozone inflation rates, short-term debt auctions for several European countries and the UK, and in the afternoon Jerome Powell will speak in Sintra (Portugal) at the ECB's speakers' panel on the US rate strategy. This may be the precursor to tomorrow's FOMC meeting with a possible rate cut signal. CME's FedWatchTool mark bets...
- The market is trading above a bullish trendline since February-2024 ; the long-term trend is then bullish.
- However, recently the upcoming general election has risen a lot of uncertainty in the UK.
And with such a blurry political outlook, many investors have chosen to readjust their portfolio's exposure, which led to a pull back in prices.
This pull-back led...
Boeing (NYSE:BA) is set to create a multibillion-dollar problem for Airbus (EPA:AIR) after buying back Spirit AeroSystems (NYSE:SPR), a key supplier to both companies in a $4.7 billion deal. The total value of the deal is close to $8.3 billion including debt. This decision follows the diversification of the business over the years into plants in the USA, Northern...
US futures yesterday closed higher having a positive start to the session as PCE inflation data which ended in positive despite other economic data not having been as good as expected. The unemployment data has been better than expected and the economic growth data has been as expected. Overall, there is a general sense of economic slowdown. Today's PCE price...
