Share: The short-term Elliott wave view in GDX suggests that the cycle from the 5 May 2023 peak is showing a 5 swings lower low sequence in higher time frame charts. Supporting more downside in the instrument. The decline from that peak is unfolding as an Elliott wave zigzag correction where wave (A)
Eurostoxx +1.1% Germany DAX +0.9% France CAC 40 +1.3% UK FTSE +0.8% Spain IBEX +0.8% A good start for European stocks but this comes after the strong dip buying in Wall Street yesterday. The overall mood is also keeping steadier today with S&P 500 futures seen up 0.15% at the moment. In FX, the dollar
HANG SENG, CSI 300 Index- Outlook: Hopes of more stimulus aiding HK/China equities. The CSI 300 and the Hang Seng Index appear to be building a base. What is the outlook and what are the key levels to watch? Recommended by Manish Jaradi Get Your Free Top Trading Opportunities Forecast China/Hong Kong equities appear to
The Nasdaq is up 1.4% as Treasury yields retreat and the market sorts through the post-BOJ wreckage. The strength in stocks demonstrates that there is a mountain of cash on the sidelines looking for a dip to buy. That kind of stock market performance would usually come with at least some strength from commodity currencies
Share: Learn the Insider Secrets of what the Top Hedge Funds are doing TODAY to maximize their upside and gains. In May 2023, Kimberly-Clark Corporation (NYSE:KMB) stock climbed to a 52-week high of $147.87. However, the stock has failed to hold those gains and heading into the company’s earnings report, KMB stock turned
Indices Talking Points: There’s one trading day left in 2022 after today’s session, and it’s time to start looking into 2023 market themes. The S&P 500 set its current all-time-high on the second trading day of 2022 and it was a bearish outing since, with a net move of about -20% in S&P 500 futures.