Swing traders especially intraday traders continue to enjoy higher volatility and greater intraday ranges, and that isn’t likely to change soon. In tonight’s video, we pinpoint what the Federal Reserve is all-but-certain to announce at its monthly meeting tomorrow – and how it could affect stocks, interest rates, and bonds. We also cover some of the key stocks that have yet to report earnings this week, including the big one, Apple (AAPL).Video Length: 00:11:29More By This Author:Financials Pump Ahead Of FOMC… What Do They Know?Are Markets Headed Off The Magnificent Seven Cliff? Taking Advantage Of Bond Market Volatili...
It was another ‘risk-off’ day, or more properly, a ‘risk doesn’t matter’ day.The VIX fell.The Dollar rose on expectations of a hawkish Fed.Stocks rose.Gold and silver were punched fairly hard.Tomorrow must be an FOMC day.The US financial sector is the eye of the storm, the very heart of darkness.Have a pleasant evening. More By This Author:Stocks And Precious Metals Charts – The Hour For Reform Stocks And Precious Metals Charts – Tail Risks Stocks And Precious Metals Charts – Option Expiration...
Stocks traded higher for the second day, with the S&P 500 climbing by 65 bps. The index was oversold last week, and this week, that is no longer the case. The index trades well above the lower Bollinger band, with an RSI of around 40.We have now retraced about 61.8% of wave five down, and today’s rally looks like a pretty stand diagonal triangle, with the rally taking it around 4,200. Additionally, we filled a gap of around 4,190. So, from a technical standpoint, if we stopped rallying at these levels, it would make a lot of sense.The flip side is that there is also a gap at 4,250 that needs to be filled, and the 200-day moving average ...
Less than 3 months after warning investors in its SEC filing that: “Our losses and negative cash flows from operating activities raise substantial doubt about our ability to continue as a going concern.” – WEWORK, SEC FILING, AUGUST 8TH, 2023. …and after a series of increasingly dire warnings over the financial condition of WeWork (WE) – and skipped payments – WeWork’s inevitable bankruptcy is imminent.According to a report from the Wall Street Journal – which sent WeWork shares spiraling to the tune of 36% as of this writing – the failed workspace company, once valued at $47 billion, is pla...
Housing prices were coming down this time last year. But, despite mortgage rates at their highest levels since 2000, housing prices are again appreciating and reached an all-time high in August.Summary Conclusions: Housing Affordability lowest since the early 80’s, surpassing 2006. Prices at an all-time high and rising. Housing sales volume approaching the lowest of the last 25 years. Housing available vacant supply the lowest of this century. Except for San Francisco, condo prices reach all-time highs as well. Having traded in the pits of the NY Merc and CBOT, price discovery is about liquidity, plentiful supply and demand coming together ...
Image Source: Unsplash Monetary and fiscal policies are fighting each other. This video shows you their impact on the business cycle and the financial markets. Video Length: 00:22:57More By This Author:This Business Cycle May Very Well Surprise You The Fed Does Not Matter The Mythical Recession, Business Cycle, And The Markets...
Image Source: Pixabay Last month, I suggested that now is the perfect time to buy bonds. This weekend, Barron’s agreed, running a headline that said, “Time to Buy Bonds.”While I continue to hold dividend stocks for the long term, lately I’ve been putting most of my cash to work in fixed income.Treasurys are yielding more than they have since 2007. Investment-grade corporate bonds – those with very safe S&P Global ratings of BBB- or higher – have an average yield of 6.3%, their highest yield in nearly 15 years.Meanwhile, non-investment-grade bonds, or junk bonds, are yielding an average of 9%. While these are more speculat...
Image Source: Pixabay Silver price trips down and aims below the $23.00 mark, which was briefly visited by the grey metal and capped by a strong recovery from the Greenback. The XAG/USD is trading at $22.86, down 1.82%.A double-top in the daily chart is forming, suggesting that XAG/USD could retrace further, past the latest cycle low of $22.45, the October 26 low. However, on its way to challenging the latter, Silver must break key technical support levels like the 50-day moving average (DMA) at 422.93, and the 20-day moving average (DMA) at $22.45. Once those levels are cleared, Silver could shift from a neutral to a downward bias.Converse...
ASIA:China’s economy faces instability post-lockdown, with slowed trade and a substantial $9 trillion debt burden. Additionally, there’s a concerning issue with employing young college graduates, as the youth unemployment rate for ages 16 to 24 reached a record 21% in May 2023, compared to the US rate of 7.4% in the same month. This high youth unemployment could impact productivity in China, which might affect the US, as it relies heavily on China for goods and services. Despite efforts to reduce dependence on China, it remains a significant export market for the US, with substantial trade volumes in 2022.Indian financial markets are expe...
Image Source: Unsplash Ahead of Apple’s earnings later this week, and the all-important NVDA results next month, all eyes were on chip giant AMD for an advance look into what one may expect. The answer, as so often has been the case this earnings season, was one of two parts: the present situation… and the outlook.Starting with the former, the results for the just concluded 3rd quarter were not bad, with the company beating on the top and bottom line, as follows: Adjusted Q3 EPS $0.70, +4% y/y, and beating estimates of $0.68, Revenue $5.80 billion, +4.2% y/y, and beating estimates of $5.7 billion and Data center revenue $1....