Article By:
Tim Knight
Tuesday, April 23, 2024 11:22 PM EDT
I would like to propose the counter-trend bounce is largely done. The Dow Industrials added 1,000 points from last week’s low, and the Nasdaq futures have been hammered out a series of violent “lower highs” for weeks now.
In this article: DIA, IWM, NDX
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Article By:
Mark Vickery
Tuesday, April 23, 2024 10:59 PM EDT
Two sessions into the trading week, things are looking up. Since bottoming out Friday afternoon, down as much as -4% in just a couple of days, we’re now in the green for three of four major indices as of Tuesday’s close.
In this article: TXN, V, TSLA Also: BA, CMG, F, IBM, META
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Article By:
Scott Sumner
Tuesday, April 23, 2024 10:40 PM EDT
History is almost infinitely complex, and thus any attempt to develop a ledger of net moral debits and credits based on positive and negative externalities will end up foundering on a host of arbitrary judgments.
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Article By:
Michele Schneider
Tuesday, April 23, 2024 10:20 PM EDT
While I am extremely focused on commodities as outlined in Monday’s Daily, my viewpoint for most equities remains cautious to neutral. What might turn us to be more bullish? Let’s analyze.
In this article: IBB, IWM, IYT, KRE, SMH, XRT
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Video By:
Joseph James
Tuesday, April 23, 2024 10:00 PM EDT
Buyers took control of momentum on the 60-minute for the first time in over a month…Now buyers will be looking for entries, and this 2-leg pullback is one of my favorites!
In this video: QQQ, SPY, NDX
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Article By:
Fredrik Arnold
Tuesday, April 23, 2024 9:40 PM EDT
Blue Owl Capital Inc (OWL) is an alternative asset management firm. Over the past year, Blue Owl’s share price rose about 71.5% from $10.89 to $18.58 as of Tuesday’s market close.
In this article: OWL
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Video By:
Peter Mathers
Tuesday, April 23, 2024 9:00 PM EDT
Explore the latest Elliott Wave analysis for commodity markets, including insights on Bitcoin, gold, crude oil, natural gas, and more. Discover trends and trading strategies for USD, bond yields, silver, and uranium as we examine market stability...
In this video: COPX, URA, GDX, GLD, IEF, OIL, SLV, TLT, UCO, UNG, USO, UUP, XLE, XME, BITCOMP
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Article By:
Lallalit Srijandorn
Tuesday, April 23, 2024 8:40 PM EDT
The EUR/USD pair holds above the 1.0700 psychological barrier during the early Asian session on Wednesday. The weaker-than-expected US PMI data for April drags the Greenback lower and creates a tailwind for EUR/USD.
In this article: FXE, UUP
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Article By:
Michael J. Kramer
Tuesday, April 23, 2024 8:20 PM EDT
Stocks finished the day higher, with the S&P 500 up 1.2%, following yesterday’s advance.
In this article: TSLA, SPX
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The current correction is becoming increasingly oversold, which suggests a bounce is likely toward the previous support of the 50-DMA.
The only real cause of inflation is government spending. While banks can generate money -credit- through lending, they rely on projects and investments to support these loans.
The hope appears to be that robust results from the Mag 7 companies reporting this week will help restore confidence in the fundamental underpinnings and offset some of the Fed-centric worries.
In mid-January, the main development options for this year for EUR/USD and USD/JPY were considered . At least a short-term strengthening of the dollar was expected; there were still options in the medium term.
Evidence suggests the bigger trend is still up for the market and another 10% or more is possible before the year end.
The past, present and future of the Canadian cannabis sector, based on the performanceof the MCCCI, which is a proprietary index of 14 stocks.
