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Mechanical aspects of the market took over on Friday after the surprise job report. The job growth was nearly double what was expected, while unemployment and wage growth were basically within the...
The Fed will have to harden its stance to break the labor market. But at what cost for investors?The Bureau of Labor Statistics released the latest jobs report on Tuesday. Since inflation became a hot...
The Nasdaq 100 has been able to hold its own relatively better than many other global indices so far this week. The big technology stocks have been able to hold up the market, while small- and...
Two weeks ago, see here, we found for the Nasdaq 100 using the Elliott Wave Principle (EWP) that based on a standard Fibonacci-based impulse pattern, the index was most likely working on a five-wave...
Stocks finished yesterday lower by around 1.5% on the S&P 500, while the Nasdaq 100 QQQ declined by about 1.5%. Meanwhile, rates continued to climb, with the 30-year climbing to about 4.69%, as...
Two weeks ago, see here, we warned it was time to be a bit more cautious for the Bulls based on the interpretation of the price action for the Nasdaq 100 using the Elliott Wave Principle (EWP): "The...
In our previous update for the S&P 500, see here, we found, using the Elliott Wave Principle (EWP), “… the decline since the July 27 high, at $4707, [to the August 18, $4335 low]...
The stock market appears to be limping its way through the final stages of its rally.The major stock market indices have yet to make new highs and are in stall-out mode. A bit concerning, eh? These...
Two weeks ago, see here; we found, based on our interpretation of the price action for the Nasdaq 100 using the Elliott Wave Principle (EWP) "the index has so far, only completed three (green) waves...
Despite a turbulent August, the market remains in overall good shape As September kicks off, many of the same pressures should remain in place Let's take a look at various trends to evaluate the...
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