If This is a Bull Market, The Dip Buyers Will Reappear | Top Advisors Corner
There are loud voices on Wall Street who continue to talk about bear markets. In my opinion, that’s a good thing. That’s because bull markets climb walls of worry. And the higher this rally goes, the more the bears seem to growl.So, are we in a new bull market? A lot depends on what happens after the […]
History Tells Us We’re Going A LOT Higher | Trading Places with Tom Bowley
I’m a follower and believer of history when it comes to the stock market. After years of research, I understand that some aspects of U.S. equity performance are rather transparent and resulting technical signals generally can be relied upon. There were plenty of warning signals to open 2022 that suggested we were in short- to […]
Ryan Cohen’s stake helps AMC rally
Ryan Cohen has reportedly taken a large stake in the company. AMC stock is up 3% against a declining NASDAQ. US Dollar strength caused by a hot NFP figure is hurting equities. JWN stock has traded up as much as 35% in Friday’s premarket. As if there was not enough news this week, meme stock […]
Is the S&P 500 In Late Stage Accumulation? | Wyckoff Power Charting
Are the major stock indexes under Accumulation? If so, we Wyckoffians would expect an important Markup (uptrend) to follow. Accumulation is the process of large interests (known as Composite Operators) stealthily Absorbing shares of stocks they expect to appreciate during the subsequent Markup Phase. Accumulation can take an indeterminant period of time to form. The […]
Gold Breakdown | Top Advisors Corner
Last week, I wrote about how the Price Oscillator for gold futures had gotten up to a really high level and turned down, which was a bearish signal. It has taken a while for that signal to come to fruition, and gold prices even threw us a great head-fake just to see who could be fooled. But […]
Week Ahead: Markets Approaches Union Budget In A Bruised State; Expect Volatility To Remain High | Analyzing India
As the week came to an end, the equity markets left behind a very eventful week. Two important events were expected to infuse volatility into the markets. The first one was the Union Budget; this event is one of the most major external domestic events that the markets react to. The other one was the […]
WTI climbs above $77.00 and forms a bullish engulfing candle as bulls eye the 20-DMA around $78.40
WTI is set to finish the week with more than 2% losses. Factors like solid US jobs data and the EU’s embargo on Russian oil-related products underpin WTI. WTI Technical Analysis: Near-term shifted upward biased, and it might test $80.00. The US crude oil benchmark, known as Western Texas Intermediate (WTI)., jumped after the release […]
USD/CAD Price Analysis: Gains traction and tests the 100-day EMA at around 1.3410
USD/CAD climbs in the North American session after hitting a daily low of 1.3311 before Wall Street opened. Nevertheless, a strong US jobs report bols Source link
Rallies back above 0.9250 reclaim the 20-DMA as bull’s eye the 50-DMA
The US Dollar strengthens across the FX space, a tailwind for the USD/CHF. USD/CHF Price Analysis: Shifted to neutral biased once buyers hurdle the 20-DMA. The USD/CHF is surging sharply during Friday’s North American session, as Wall Street is set to finish the last trading day of the week with losses. Therefore, the USD/CHF is […]
Growth Stocks Roar Into The New Year. This FAANMG Stock Is Poised To Go Higher | The MEM Edge
The Nasdaq just booked its 5th consecutive weekly gain which is the longest winning streak in over a year. The rally has occurred amid strong earnings reports from some major tech companies. Also driving this Index higher is bottom fishing among investors looking for quality Software and Retail stocks that were crushed during a period […]