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This Bull Trap Could Make Us A Fortune On Friday
Video By:
Joseph James
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Friday, May 17, 2024 12:20 AM EDT
Markets are finally pulling back off recent highs…And this Rotation Pattern tells us this BULL TRAP might be our biggest win of the month!
Elliott Wave Expects Silver Pullback To Find Support
Article By:
Elliottwave Forecast
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Friday, May 17, 2024 12:00 AM EDT
Short-term Elliott Wave in Silver (XAGUSD) suggests the metal rallies in an impulsive structure from 10.3.2023 low. Up from there, wave (1) ended at 25.91, and a dip in wave (2) ended at 21.94.
Current Analysis: Smith & Nephew
Article By:
Fredrik Arnold
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Thursday, May 16, 2024 11:40 PM EDT
Smith & Nephew designs, manufactures, and markets orthopedic devices, sports medicine and arthroscopic technologies, and wound-care solutions. Over the past year, SNN's share price fell about 9.4% from $32.50 to $25.84 as of Thursday’s market close.
In this article: SNN
3 Stocks To Buy Following Positive Earnings Results
Article By:
Derek Lewis
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Thursday, May 16, 2024 11:20 PM EDT
Total earnings for the S&P 500 members that have reported Q1 results are up +4.8% from the same period last year on +4.1% higher revenues. The earnings growth pace reflects an acceleration relative to other periods
WTI Extends The Rally Near $78.90, US Inflation Data Boosts Fed Rate Cut Expectations
Article By:
Lallalit Srijandorn
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Thursday, May 16, 2024 11:00 PM EDT
Western Texas Intermediate, the US crude oil benchmark, is trading around $78.90 on Friday. The black gold edges higher amid the recent drop in US crude inventories and the possible interest rate cuts by the Federal Reserve.
EUR/USD Slipped On Thursday After Greenback Pares Some Losses
Article By:
Joshua Gibson
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Thursday, May 16, 2024 10:20 PM EDT
EUR/USD eased slightly on Thursday, falling back below 1.0880 as the Greenback broadly recovers losses from earlier in the week.
Import Prices Surprise
Article By:
Menzie Chinn
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Thursday, May 16, 2024 10:00 PM EDT
Import prices ex-petroleum show an uptick, raising GS's PCE deflator estimate by 1 bp. Import prices from China track the dollar/yuan but exclude tariff costs. Exchange rate pass-through is low, suggesting full tariff pass-through.
AUD/USD Falls Amid Highs US Yields, Fed’s Tough Stance
Article By:
Christian Borjon Valencia
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Thursday, May 16, 2024 9:40 PM EDT
The Australian Dollar posted losses of 0.23% against the US Dollar on Thursday amid higher US yields that underpinned the Greenback during the day. Wall Street hit new all-time highs but retreated afterward, ending the session with losses.
Cooler Data Striking A Favourable Chord?
Article By:
Stephen Innes
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Thursday, May 16, 2024 9:20 PM EDT
Cooler inflation data and robust corporate earnings had initially supported the market's upward momentum. Perhaps we need some even cooler data to move the rate-cut needles for November or July.
Nasdaq 100 & S&P 500 Elliott Wave Update - Thu, May 16
Video By:
Michael Filighera
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Thursday, May 16, 2024 8:02 PM EDT
Daily update for the S&P 500 & Nasdaq 100 - both markets did put in additional highs for the current sequences. Both markets look to have completed the minute 3rd waves, with minute 4th waves now in progress.
