Image Source: PixabayIn this video, Ira Epstein reviews the day’s trading in various SPDR-ETF markets for the trading day that ended, Wednesday, May 15.Video Length: 00:20:33More By This Author:Financial Markets Report For Wednesday, May 15SPDR ETF Report For Monday, May 13Metals Report For Monday, May 13...
Image Source: PixabayMost major stock market indices are at all-time highs as of Wednesday’s close. Today’s CPI report for April set the stock market alight from the moment of its release prior to the opening bell — and this was coming off an all-time-high close for the Nasdaq just yesterday. This CPI report put the domestic inflation trajectory back on the “soft landing” path, where it had veered away from somewhat over the previous two months, and now the Dow, Nasdaq, and S&P 500 are at their highest closing levels in history. Only the Russell 2000 still has some room to make up.On the day, the Dow grabbed another +350 poin...
Image Source: UnsplashPeter recently appeared on the Bald Guy Money show for a conversation on gold’s role in American and global politics, the influence of the BRICS coalition on metals markets, and, as always these days, the disastrous monetary policy coming out of the Fed. Peter and Roger start their conversation by discussing how unlikely it is that the Fed can wrangle inflation under 2% anytime soon: “I think the markets right now still are harboring this fantasy that a return to 2% inflation is possible. In fact, if you look at the breakevens on 30 year treasuries and tips, investors are expecting inflation to average 2.3% f...
Image Source: Unsplash Wow, what a move today! We had a big move higher today, and a retest of all-time highs…Put those 2 clues together and this PERFECT PULLBACK could be our easiest money all week!Anytime I see a big move higher into all-time highs, there are (3) trades I look for the following day…#3 is my favorite, you can’t afford to miss tonight’s video! E-Mini S&P (ES): Emini is bullish with a big move higher, telling us to look for buying opportunities using a 2-leg pullback tomorrow morning. E-Mini Nasdaq (NQ): Nasdaq is bullish with a big move higher into a range, telling us to look for buying opportunities u...
Image Source: Unsplash Global Macro and Markets Global Markets: US Treasury yields tumbled after what was, objectively viewed, only a very modest undershoot of April’s inflation forecasts. The 2Y yield fell 9.1 basis points while the 10Y fell 9.9bp and is now just 4.34%. There was also some help from the retail sales release, and for the first time in a long while, we now have hard activity data sending a weak message along with the softer survey data. A bit more help from the labour market and expectations for Fed easing will grow. That said, the inflation figures remain inconsistent with the Fed’s target, and core inflation o...
Image Source: UnsplashS&P 500, SPY, Nasdaq 100, QQQ, DAX, FTSE 100, ASX 200: Elliott Wave Trading StrategiesElliott Wave Analysis Indices: SP 500 & NASDAQWave v of (v) of iii) of 1 of (5) of 3) of IToday, I will bring this count into the QQQ, SPY, DAX, FTSE, and ASX200. We’ll examine both the bigger picture and the intraday wave counts.In a nutshell, markets are bullish, moving into Elliott Wave iii) of 1. This suggests that the current upward move might correct in the next session due to Employment figures, forming Wave iv), followed by a bullish move higher as Wave v) of 1. The trading strategy remains Risk On.Video Length: ...
MediPal Holdings Corp (MAHLY) distributes pharmaceuticals and health and beauty products to medical institutions and retailers.The firm operates in three segments: (1) prescription pharmaceutical wholesale; (2) cosmetics, daily necessities, and OTC pharmaceutical wholesale; and (3) animal health products wholesale.The prescription pharmaceutical business generates the majority of revenue and distributes products to hospitals, clinics, and pharmacies.The cosmetics, daily necessities, and OTC pharmaceutical businesses distribute products to drugstores, convenience stores, and supermarkets.The animal health segment conducts wholesale business fo...
Image Source: PixabayIn this video, Ira Epstein reviews the activity in the Financial Markets after the day that just ended, Wednesday, May 15.Video Length: 00:18:56More By This Author:SPDR ETF Report For Monday, May 13Metals Report For Monday, May 13Financial Markets Report For Monday, May 13...
Image Source: Unsplash GBP/USD gains momentum around 1.2688 amid the weaker USD on Thursday. The US CPI inflation eased to 3.4% YoY in April from 3.5% in March, as estimated. Steady UK wage growth raised fears of persistent inflationary pressures. The GBP/USD pair extends its upside near 1.2688 on Thursday during the early Asian session. The uptick of the major pair is supported by the weaker Greenback after the release of softer US CPI inflation data. Later in the day, the US Building Permits, Housing Starts, the weekly Initial Jobless Claims, the Philly Fed Manufacturing Index, and Industrial Production will be released. Also, th...
Image Source: UnsplashVIX expiration today, once completed it was back to business which was to sell the VIX and buy the underlying volatility. Implementing the trade is a self-fulfilling trade. Nonetheless, the NQ and ES went parabolic at times both reaching existing highs (NQ) and new highs (ES). I have turned my focus to the 4-hour chart and under for both markets as well — leaving analysis to remain more daily to weekly so to speak. I update the EW labeling (starting with the 4-hour chart) I also adjust Fibonacci levels (Retracements and Extensions) for tomorrow.Video Length: 00:17:10More By This Author:S&P 500 And Nasdaq 100 E...