The Ord Oracle January 10, 2023 | Top Advisors Corner
Yesterday, we said, “The week of December 19 tested the week of December 12’s low on at least 10% lighter volume, then closed above the December 12 low generating a bullish signal. If a market can’t take out the previous low on higher volume, it will reverse and attempt to take out the previous high; in […]
European equity close: Another strong day for stocks
<p>The great start to the year in Europe continues. It was the most-hated spot in the world coming into the year and a dose of good weather has really turned the tide.</p><ul><li>Stoxx 600 +0.4%</li><li>German Dax +1.1%</li><li>France's CAC +0.8%</li><li>UK's FTSE 100 +0.5%</li><li>Spain's Ibex +0.2%</li><li>Italy's FTSE MIB +0.5%</li></ul><p>The DAX chart right now is hard to dislike.</p> This […]
Is This Light Switch Turning On? | The Canadian Technician
As a chartist, there are lots of charts to choose from to make a point about how bullish or bearish the market is. However, when you pick broad market charts, there is very little to argue a point. Composite exchange ( all the stocks in a group) charts reach a broad swath of the economy, […]
USDNOK Can Break Lower When US Stocks Finds A Support
In today’s advanced #ElliottWave analysis, Gregor dives into the five most interesting opportunities for the week ahead! Watch how he analyses #equities, #FXMajors, and #Commodities and discover how he applies EW principles to come up with his amazing forecasts! Timestamps USDNOK 02:30 EURUSD 06:00 EURGBP 07:10 DAX 08:05 XAGUSD 09:40 The post USDNOK Can Break […]
Sector Spotlight: Reverse Engineering a Price Target for SPY | RRG Charts
In this year’s first episode of StockCharts TV’s Sector Spotlight, I look at the current state of sector rotation, then walk through all 11 sector charts to make an assessment on their individual (relative) trends and their near-term support and resistance levels. Next, I use all this information to “reverse engineer” support and resistance levels and […]
Mother of All Debt Bombs & 9 Other Megathreats Are Looming, Gold May Be Best Protection: Roubini
Nouriel Roubini, CEO of Roubini Macro Associates and Professor Emeritus at NYU Stern School of Business, discusses his latest book, ‘Megathreats,’ as well as his outlook for 2023 and beyond. He discusses how investors can hedge against looming ‘megathreats,’ using commodities like gold. Source link
Mish’s Daily: The Spot Where the US Dollar Still Stands | Mish’s Market Minute
You don’t want to miss Mish’s 2023 Market Outlook, E-available now!Despite the debate about the strength or weakness of the US Dollar, it will remain one of the most important currencies in the world for decades, and will continue to cause trouble for some. Still, new monetary paradigms are shifting in the global oil market, […]
DP Trading Room: Top Sectors & Industry Groups | DecisionPoint
On this week’s edition of The DecisionPoint Trading Room, Carl opens the show with a reprise of his Tesla (TSLA) vs. Bitcoin discussion and the uncanny similarities as far as gains, losses, and price pattern, in spite of not really being related at all. Erin teases out the most bullish sectors and walks through their […]
The Halftime Show: Predicting Recessions and Bullish Names | Chaikin Analytics
The 2022 year-end came with plenty of volatility in the market, and that’s what bear market rallies and turning points look like. However, we don’t know where the turning point really is. In this week’s edition of StockCharts TV’s Halftime, Pete takes a look at the current market, and discusses economist Campbell Harvey’s outlook on the possibility […]
Sector Spotlight: Keep An Eye; This Could Be A Massive Multiyear Breakout | Analyzing India
There is no debate when it comes to concluding that 2022 has been a choppy year for equities globally. The markets had to deal with all sorts of things; rising inflation, fear of recession, geopolitical tensions, and a slew of rate highs from the central banks all over the world. Having said this, these situations […]