Precious Metals Trading Turns Bearish (Elliott Wave Analysis)
A hawkish FOMC statement is driving the US Dollar higher while stocks saw a quick reversal downward. As well, precious metals (gold and silver)...
Stock Market Correction – Key Price Levels To Watch
Recently we’ve talked about trading the market with a rangebound stance.
This means we are looking to determine the main support/resistance levels the indices are...
Is The Stock Market Correction Over? Or Just Beginning?
The new year has ushered in a wave of volatility for equities markets. The S&P 500 is in correction-mode, and indexes like the Nasdaq...
Are Energy Stocks Suggesting Long-Term Strength Here?
Energy stocks spent the decade of 2010 to 2020 mired in weakness... but is that trend coming to an end?
The past two years have...
Major Stock Indices Eye Price Support As Commodities Heat Up
The market is looking to hold its current price area along with Monday’s low as a new key support level.
Additionally, with many banks coming...
Inflation or Deflation? Depends On What The Commodity Index Does Next!
Commodities were already in a slump when coronavirus hit in 2020. That crash sent commodities to the lowest levels in decades.
A quick economic rebound...
Are Bitcoin and Ethereum Eyeing Important Trading Lows?
The cryptocurrency market remains bearish and I see a strong potential of increased selling and further price declines.
This means that crypto bears are gaining...
Volatility Index, Junk Bonds Are Key Indictors For Trading Stock Correction
The Stock market has been under pressure from upcoming interest rate hikes, inflation, and a worrying overseas situation in Ukraine.
However, Monday’s gap lower was...
S&P 500 Index Trading Near Potential Reversal Price Target
A little over a month ago, we sent out a note highlighting a reversal pattern on the S&P 500 Index (futures) where we indicated...
Nasdaq Erases 7 months of Gains With Sharp Decline!
The tech wreck has been fast and furious. And considering that the stock market correction is still relatively new, we really don't know if...
