Image Source: PixabayIn this video, Ira Epstein reviews the day’s trading in various SPDR-ETF markets for the trading day that ended, Thursday, April 25.Video Length: 00:15:32More By This Author:Financial Markets Report For Thursday, April 25Metals Report For Tuesday, April 23Financial Markets Report For Tuesday, April 23...
Image Source: PexelsThe S&P is currently in a range between 4950 and 5250. After blowout earnings from Google (GOOG/GOOG) and excellent earnings from Microsoft (MSFT) Thursday afternoon, the market is going to gap up at Friday’s open. The question is: What happens after that? I see three scenarios.The first scenario is a “gap and go”. The market gaps up at the open – and keeps melting up higher throughout the day. The level bulls want to see taken out – and bears want to see hold – is the 50 DMA at 5122 – about 75 points higher than Thursday’s close. In this first scenario, the S&P bursts through the 50 DMA, putting ...
Image Source: PixabayGlobal markets and macro Global Markets: Sticky prices indicated in the first quarter GDP deflator and PCE price numbers yesterday have pushed US Treasury yields higher, even though the GDP figure was a lot softer than expected. 2Y yields rose 7.1 basis points to 4.998%, and 10Y yields rose 6.2bp to 4.704%, their highest since November 2023. EURUSD dropped sharply on the data but recovered all those losses and is sitting at just over 1.07 now, slightly higher than yesterday at the same time. The AUD followed a similar path and has also made gains overall, rising to 0.6524. Cable also rose, but the JPY remains soft at ...
Image Source: PexelsToday’s GDP report implied a hotter-than-expected PCE report for tomorrow. GDP numbers came as a surprise on a lot of different metrics. The annualized rate of change on the quarter-over-quarter basis came in much lower than expected.Video Length: 00:11:19More By This Author:Stocks Stall Ahead Of Massive Data Dump And Earnings Stocks Rally Again As Rates And The Dollar Stay On Vacation The VIX May Soon Start To Turn Higher Again...
Image Source: PixabayHoly Smokes, What a Move!!Earnings are out, and markets are ripping higher!Anytime I see a big short-squeeze like this, there are (2) “squeeze” trades I look for tomorrow… the 2nd one is my favorite!What a wild 24 hours it’s been!Buyers are back in control again, and this massive run higher tells us exactly where to find the winners on Friday! E-Mini S&P (ES): Emini is bullish with a big move higher, telling us to look for a 2-leg pullback and a retest of the high tomorrow morning E-Mini Nasdaq (NQ): Nasdaq is bullish with a big move higher, and I’ll be watching for a sideways range to develop up here so w...
Image Source: PixabayI want to start with a quote from Bernard Baroo, one of the most famous investors of all time and he said that he made a fortune by selling too soon. So I’m going to apply this to the metals market right now.Video Length: 00:18:03More By This Author:Major Market Crash?Broken Dollar And The Next Phase Of Inflation Gold Is Setting Up For The Buy Of The Year And Maybe The Last Five Years...
Image Source: UnsplashXP Inc (XP) is a Cayman Island-based technology-driven financial services platform. It provides low-fee financial products and services in Brazil.The company evaluates its business through a single segment monitoring operations, making decisions on fund allocation, and evaluating performance. It generates revenue through brokerage commissions.XP Inc. products and services are available through its omnichannel distribution network and online portals. XP Inc. was founded in 2001 and is based in Grand Cayman, Cayman Islands.Three key data points gauge XP or any dividend-paying firm.The key three are:(1) Price(2) Dividends(...
Image Source: PixabayIn this video, Ira Epstein reviews the activity in the Financial Markets after the day that just ended, Thursday, April 25.Video Length: 00:16:43More By This Author:Metals Report For Tuesday, April 23Financial Markets Report For Tuesday, April 23SPDR ETF Report For Monday, April 22...
Image Source: DepositPhotosPatria Investments Ltd (PAX) is a private markets investment firm. It seeks to provide global and Latin American investors attractive investment products that allow portfolio diversification and consistent returns. Patria Investments Limited was founded in 1994 and is headquartered in Grand Cayman, the Cayman Islands.Three key data points gauge Patria or any dividend-paying firm.The key three are:(1) Price(2) Dividends(3) ReturnsThose three basic keys best tell whether any company has made, is making, and will make money. PAX PriceOver the past year, Patria’s share price fell about 9% from $15.36 to $13.95 as ...
Photo by Michelle Spollen on Unsplash USD/CAD remains on the defensive around 1.3655 on Friday amid the weaker USD. US GDP number expanded by 1.6% on an annualized basis in Q1 2024, compared to 3.4% growth in Q4 2023. The weaker Canadian Retail Sales data triggered speculation that the BoC might start cutting interest rates in June. The USD/CAD pair extends its downside near 1.3655 on Friday during the early Asian session. The decline of the US Dollar (USD) to the two-week lows around the mid-105.00s exerts some selling pressure on the pair. Investors now shift their focus to the release of US Personal Consumption Expenditu...