stocks

On Friday, US Non-Farm Payrolls came in over twice what was expected. The unemployment rate dropped as well, if only by a decimal point. Yet US stocks (as measured by the S&P 500 and Nasdaq) dropped. Why would it be a "bad" thing for US…
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The SPX500 index seems to be forming a large impulse trend. Most likely, the primary wave ③, which is part of the cycle impulse V, is currently under development. It is a bullish impulse consisting of intermediate sub-waves…
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The current stock structure on the 1H timeframe hints at the formation of a bearish corrective trend. This takes the form of a cycle triple zigzag w-x-y-x-z. On the chart we see the completed actionary wave y. This has the form of a…
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EURUSD continues to recover The euro inches higher supported by the ECB’s shift to normalising its monetary policy. The psychological effect of parity had triggered a ‘buy-the-dips’ behaviour. A surge above 1.0200 prompted the short…
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USDCAD bounces off critical floor The Canadian dollar retreats dragged by weakness in oil prices, the country’s main export. The pair has been hovering above the daily support at 1.2820. The RSI’s double dip in the oversold area led…
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There has been quite a shift in the markets over the last couple of days. Understanding that will help us understand why we should be paying very close attention to the yield curve right about now. On Wednesday, the US reported higher…
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A strong dollar has seen a decline in both the yellow and black gold recently. Gold is expected to test the $1700, with WTI already breaking the $100 level. With recession fears mounting and China battling renewed Covid-19 outbreaks…
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AMZN seems to be forming a zigzag pattern consisting of cycle sub-waves a-b-c. In the last section of the chart, a decrease in the price could indicate the beginning of a bearish correction wave b. This correction can take the form…
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Tomorrow is the unofficial start of Q2 earnings season, with the "big four" US banks reporting their earnings. As most corporations around the globe update investors over the coming month, we'll get a lot of insight into how the economy is…
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