MARKET NEWS
Dec 04, 2024
S&P 500 Maintains Uptrend: Consider Buying GDX at Key Support on Bullish Signals
We are up 37%; SPX up 28% so far this year. Last Monday the TRIN closed at 1.25 and the tick at -294 and last Friday the TRIN closed at 1.37 and ticks at -657, both of which shows panic and bullish...
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Dec 04, 2024
Triumph Financial Stock Breakout: Why It's Just the Beginning
The hedge fund industry and some trading desks at the big investment banks are usually mystified for always knowing where and when to be. Most of what they do is obscure, but the little that has come...
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Dec 04, 2024
Canadian Solar Stock Continues Decline with Post-Earnings Slump
The results mirror a wider trend seen in the North American solar equipment industry in 2024. Renewable energy stock Canadian Solar (NASDAQ:CSIQ), already cut in half since the beginning of 2024,...
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Dec 04, 2024
Kohl’s Faces Holiday Hurdles, But Key Factors Offer Hope
Despite a tough macroeconomic environment, some retailers in the retail/wholesale sector are thriving in the sweet spot intersection of "off-price” boulevard and “trade down” street. Consumers are...
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Dec 04, 2024
US Dollar Awaits NFP, Euro Traders Keep Gaze Locked on Politics
Dollar retreats, but Powell keeps Fed pause chance elevated. Euro traders ‘buy the fact’ after French no-confidence vote. Bitcoin breaks $100,000, Wall Street tests uncharted territory. Powell...
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Dec 04, 2024
Gold Gains on Weak US Jobs Data While Euro Holds Firm Amid French Political Chaos
Gold Grows on Weak US Labour Market Data Gold (XAU/USD) gained 0.24% on Wednesday after a report showed private sector hiring fell more than expected last month. The ADP Employment Change report...
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Dec 04, 2024
Market Liquidity May Not Be Ample as Some Believe
yesterday, the VIX index was up slightly, and 10-day realized volatility began to rise from its depressed levels, as the S&P 500 moved by 60 basis points instead of its usual 25 bps. With a Jobs...
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Dec 04, 2024
Services PMI Misses Expectations as Inflation Stays Stubbornly High
ISM Services PMI came in well below expectations, coming in at 52.1 (street was expecting 55.7), and 3.9 points below October. Although any reading above 50 means expansion, so the services sector...
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Dec 03, 2024
Top 3 Behind-the-Scenes Electronic Component Companies to Watch
Post-COVID, the consumer electronics industry has faced a challenging path, including inflation, customers' hesitancy to spend money on non-essential goods, and more. Analysts expect 2025 could bring...
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Dec 03, 2024
Positive Earnings Trends Heading into 2025, S&P 500 Price Targets Rolling In
The Q3 2024 reporting season was, by one measure, the best in three years Optimism abounds across Wall Street research desks as year-end 2025 S&P 500® forecasts make their rounds Investors...
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