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Commodity Market Elliott Wave Analysis: Bitcoin, ETH/USD, DXY, Gold, Silver, Uranium, Oil, Gas
Video By: Peter Mathers
Tuesday, May 7, 2024 7:42 PM EDT
Explore the latest Elliott Wave Analysis for the commodity market. Discover emerging trends in cryptocurrencies, gold, silver, and base metals. Understand the potential rise in crude oil and the awaiting moves in the DXY, TLT Bonds...
In this video: COPX, URA, XOM, GDX, GLD, IEF, OIL, SLV, TLT, UCO, UNG, USO, UUP, BITCOMP, DOGE-X
Watch
Stocks And Precious Metals Charts - The Father Of Lies And His Children Of The World
Article By: Jesse's Cafe Americain
Tuesday, May 7, 2024 7:18 PM EDT
Stocks attempted a rally but ended nearly unchanged. VIX declined despite geopolitical concerns. Gold and silver dipped while the Dollar strengthened.
In this article: GLD, SLV, UUP, VIX
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Precious Metals Market – Chapter 2 Is Starting
Article By: Pretiorates
Tuesday, May 7, 2024 6:33 PM EDT
Precious metals have recently consolidated their advances. The question is whether the 405-day cycle will again indicate a medium-term high.
In this article: GLD, SLV
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Red Sea Crisis Is Affecting Consumer/Retail Trends
Article By: Lipper Alpha Insight
Tuesday, May 7, 2024 6:15 PM EDT
Since the unrest in the Middle East began, nearly all container ships have been rerouted away from the Red Sea/Suez Canal towards the longer route around the Cape of Good Hope.
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Living Vicariously Through Rate Cut Expectations
Article By: Stephen Innes
Tuesday, May 7, 2024 6:04 PM EDT
We could easily transition from the "bad news is good" mindset to a scenario where "bad news is bad," particularly if inflation unexpectedly exceeds expectations next week
In this article: FXY, OIL, SPY, UUP
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Massive Debt And Rising Inflation: Is The Economic Downturn Just Beginning?
Video By: Wealthion
Tuesday, May 7, 2024 5:53 PM EDT
A discussion about the aftermath of the recent Fed meeting, their latest decision to not cut rates, the unexpected twists in Q1 earnings, and where the economy appears to be headed next.
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Reddit Shares Climb On Revenue Beat In First Quarterly Report Since IPO
Article By: CNBC
Tuesday, May 7, 2024 5:42 PM EDT
A look at Reddit’s first quarterly report, what’s ahead for the social media company and user growth in the quarter.
In this article: RDDT
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Stocks Jumped Their First Hurdle - Here’s How They Can Clear The Next One
Video By: TheoTrade
Tuesday, May 7, 2024 5:30 PM EDT
Market players hope the sign of a softening economy will mean a more dovish Fed in the near future.
In this video: NDX, CCJ, AAPL, IEF, OIL, DJI, GOOGL, GLD, SLV, DUOL, AEM, UNG
Watch
WTI Dips After API Reports Across-The-Board Inventory Builds
Article By: Tyler Durden
Tuesday, May 7, 2024 5:19 PM EDT
OPEC+ has largely been expected to roll over existing voluntary cuts of 2.2 million barrels a day beyond the second quarter.
In this article: BNO, OIL, UCO, USO
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Consumer Spending - Single Most Driving Force
Article By: Michele Schneider
Tuesday, May 7, 2024 5:08 PM EDT
The choices we make as consumers collectively shape the economic landscape, and our spending patterns influence the well-being of our communities and the nation.
In this article: XRT Also: HYG, IBB, QQQ, IWM, IYT, SMH, SPY, KRE
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Positive Divergence Going Forward
Article By: Tim Ord
Tuesday, May 7, 2024 5:04 PM EDT
SPX/VIX ratio hasn’t hit a new high as the SPX hasn’t either but both appear prone to do so.
In this article: SPY Also: GDX, SPX
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Lyft Q1 Earnings Beat Expectations
Article By: Charles Thuo
Tuesday, May 7, 2024 4:59 PM EDT
Lyft Inc. reported a GAAP EPS of -$0.08, surpassing expectations by $0.08.
In this article: LYFT
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Market Talk - Tuesday, May 7
Article By: Martin Armstrong
Tuesday, May 7, 2024 4:50 PM EDT
The oil markets had a mixed day today.
In this article: FXE, AAXJ, FXB, FXY, OIL, UUP, INDA, SPX, DAX
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Rivian Q1 Earnings: Revenue Jumps A Whopping 82%
Article By: Wajeeh Khan
Tuesday, May 7, 2024 4:41 PM EDT
Rivian stock is up well over 10% versus its YTD low at writing.
In this article: RIVN
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Dow On Longest Winning Streak Of The Year
Article By: Schaeffers Research
Tuesday, May 7, 2024 4:32 PM EDT
The Dow logged a fifth-straight win and is now on its longest win streak since December. The S&P 500 pared healthier gains to finish just above breakeven, while the tech-heavy Nasdaq pivoted into the red at the close.
In this article: DIS, QQQ, GLD, OIL, SPX, VIX, DJI
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Some Midweek Reading - Economic Tightness And Easing Demand
Article By: Cullen Roche
Tuesday, May 7, 2024 4:23 PM EDT
Banks tightening lending standards are still elevated and consistent with an environment where credit is hard to obtain.
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