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So the Trump Bump continues to play out in favor of bulls. Tuesday delivered a clear breakout of the downward channel with only the 50-day MA left to play as resistance. From a technical perspective,...
Friday was a bit of a mixed bag. It was good to see the S&P 500 breakout, but it also coincided with a Russell 2000 (IWM) that closed on a 'black' candlestick at downward channel resistance. In...
After the day before yesterday's big gains, it was always going to be hard for markets to continue in the same vein. All markets are near 20-day MAs, with the Russell 2000 (IWM) just above this key...
Key Statistics: Source: Bureau of Labor Statistics, US Department of Labor Release Period: December 2024 Last Release Date: December 11, 2024, Actual: 2.7% vs Forecast: 2.7%. Previous:...
There were early signs of recovery for some markets, but now all lead markets are showing net bearish technicals. If you are a trading bull looking for silver linings, the Russell 2000 (IWM)...
We are biased by the stock market’s bullish bias. We tend to be permabulls because bear markets are infrequent and are usually relatively short compared to bull markets, which tend to last for some...
The Nasdaq undercut its 50-day MA as technicals edged net bearish. However, stochastics [39,1] only just dropped below the 50 mid-level (on the daily timeframe), so this could be a bullish pullback...
The day before yesterday's weak finish set a precedent as to what to expect yesterday. Premarket action had offered some cause for optimism, but strong economic data sent markets packing and it will...
• U.S. jobs report, Fed FOMC Meeting minutes will be in focus this week. • AMD is a buy as it gets ready to showcase its next-gen GPU at CES 2025. • Constellation Brands is a sell with downbeat...
Alternative Cloud Platforms are Increasingly Underrated and Undervalued Cloud platforms experience a constantly rising demand, while remaining a low-cost investment for digital businesses. Among...
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