Technical Analysis

It is a Buy BUT not yet. Let me explain. Meta Platforms, Inc. (META) remains one of the most popular and closely watched stocks on the market, known for its innovation and dominance in the tech space. But with META trading near its all-time highs earlier this year, many investors are asking: Is it time

Fundamental Overview The US Dollar yesterday weakened across the board despite a higher than expected US Core PPI and Fed Chair Powell acknowledging the need to proceed more carefully with rate cuts from here on. This might be a signal that the market could be fine with just two rate cuts priced in for 2025

Fundamental Overview The S&P 500 rallied into a new all-time high following Trump’s victory and the red sweep as the market started to look forward to bullish drivers like tax cuts and deregulation. The only bearish reason people were looking at was the rise in Treasury yields. That’s generally bearish only when the Fed is

Fundamental Overview The Nasdaq rallied into a new all-time high following Trump’s victory and the red sweep as the market started to look forward to bullish drivers like tax cuts and deregulation. The only bearish reason people were looking at was the rise in Treasury yields. That’s generally bearish only when the Fed is tightening

I’ve been pounding the table for awhile on USD/CAD longs and it’s all come together in the past two months, with a one-way move up through a series of highs in the 1.3950 range. Now the pair has clearly broken out and it’s due to a soft Canadian economy and a surprisingly strong one in

Fundamental Overview Gold is pulling back a bit now after an almost 8% selloff since the US election day. The market didn’t react hawkishly after another hot US PPI report and an acknowledgement from Fed Chair Powell that they can proceed carefully on rate cuts. The market might be fine with just two rate cuts

Fundamental Overview The US CPI yesterday came in line with expectations leading to a bit of a “sell the fact” reaction in the US Dollar. The bullish momentum picked up a bit later though as Fed’s Logan delivered a hawkish comment saying that “models show that Fed funds could be very close to neutral” basically

Fundamental Overview The US CPI yesterday came in line with expectations leading to a bit of a “sell the fact” reaction in the US Dollar. The bullish momentum picked up a bit later though as Fed’s Logan delivered a hawkish comment saying that “models show that Fed funds could be very close to neutral” basically

The price of gold traded as high as $2618.84. At session highs, the price was up $20.94 and it looked like the 3-day slide was going to be snapped. However, the price has since reversed back to the downside and the price is now trading down -$22.26 or -0.87% at $2575.49. Technically, the price has

Fundamental Overview Gold is now down almost 6% from the US election day. That shouldn’t be surprising as the last time we got a red sweep gold dropped by more than 16%. The reason is that a red sweep brings a more expansionary fiscal policy and should be not only positive for growth but also

The USDCHF has moved up to a high of 0.88357. That is just short of a high swing area on the daily chart above at 0.88379. Get above that level and stay above, opens the door for more upside momentum. ON the downside, the closest risk is the 200 day MA, but more conservative risk

Fundamental Overview Bitcoin is now up almost 30% since the election day as the bullish momentum in the cryptocurrency exploded following Trump’s victory. This shouldn’t be surprising given that Trump vowed to make the US the crypto capital of the planet. Moreover, it looks like the US economy continues not only to do well but

Gold has been trending higher for a while now as traders hopped on the risk/safety trade going into the US election. Also higher inflation fear may have conttibuted. Finally, technicals were a help. Looking at the daily chart below, apart from a day or two in February, the price has traded above the 100-day MA

Fundamental Overview Gold eventually dropped by almost a hundred dollars following Trump’s victory and the red sweep as the market scaled back some more the expected rate cuts in 2025. In fact, right now the market sees basically just two rate cuts in 2025 compared to the Fed’s projections of four. In the bigger picture,

The AUDUSD price action this week was up and down. The close from a week ago was at 0.6558. The current price is at 0.6562. Not a lot of change at the current level. However, in between, the price moved higher into the election. It moved lower with the dollar buying through the election. It

The S&P 500 index has ticked to 6000 for the first time. The new milestone was reached at 6000.02. The current price is at 5998.02 up 24.87 points or 0.42%.. The index reached 5000 9-months ago on February 8, 2024 Meanwhile the Dow industrial average is up 276.79 points or 0.63% of 44006.82. It has

The USDCHF moved lower to start the trading week but found willing sellers near a key swing area between 0.86078 and 0.8619. The low held on Tuesday ahead of the election results. Those results sent the pair moving sharply higher. The run higher, extended back above the 100-day MA at 0.8667. It moved above the

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