Market Briefing For Monday, Jan. 6, 2025
A sloppy transition from the old year to a new one engendered enough of a risk fear, that it helped increase shorting ‘and’ (for a number of stocks), did one more thing: it let Market-Makers distribute; drop stocks to absorb supply, and thus ‘rebuild inventory’, which contributed to feeding late week recovery.In the House, Speaker Johnson managed to retain his ‘speakership’ after just failing narrowly on the 1st vote. No second vote needed, as he just cajoled a couple members into changing their votes. No nonsense going forward there.Just for kicks, the graphic below reflects not just less interest in partying; just drinking; or lack of money for extremely unessential spending; but also might reflect security concerns, as all these cities (among others) have witnessed a lot of incidents, barbarian Islamic terror, or quasi-terrorist protests. So people are staying home more; although the era of big clubs gave-way to ‘wine bars’ and smaller lounges, over a period of years. And where clubs operate; many are finally closing at earlier hours (if you haven’t found whatever by 2 am. just give it a rest I’d say.. hah .. says the way ‘over the hill’ never club kid guy). So much for post-holiday reflection; as we get ready for the other party..Trump.Many on Wall Street expect ‘day one’ of Trump 2.0 will reinforce ‘deregulation; which is one of the primary factors that’s holding-up big-cap stocks generally; at the same time it’s even more important in the (concentrated) big-cap techs. I’m not particularly optimistic on S&P or Indexes; while very optimistic on […]
How To Use The P/E Ratio To Spot Winning Stocks
Image Source: Do you want to learn how to identify the best stocks for your portfolio? In this video, we break down the Price-to-Earnings (P/E) ratio and show you how to use it to find undervalued stocks with high growth potential. Whether you’re a beginner or simply looking to sharpen your investment skills, this guide will teach you what a good P/E ratio looks like, when to trust it, and how to apply it to your stock analysis.01:47:08
Dogecoin Crypto Price News Today Elliott Wave Technical Analysis 9
Dogecoin/ U.S. dollar(DOGEUSD)DOGEUSD Elliott Wave Technical Analysis Function: Counter trend Mode: CorrectiveStructure: Double CorrectivePosition: Wave ((Y))Direction Next higher Degrees: wave ((Y)) of IVWave Cancel invalid Level:Details: The corrective of Wave IV may be complete and the price Increase again in Wave V.Dogecoin/ U.S. dollar Trading Strategy:Wave IV appears to have ended at 0.2626, so the overall picture is a rally above 0.4804 of wave V, with a chance of testing 0.6174.Dogecoin/ U.S. dollar(DOGEUSD)Technical Indicators: The price is above the MA200 indicating an uptrend, The Wave Oscillator is a Bullish Momentum.Dogecoin/ U.S. dollar(DOGEUSD)DOGEUSD Elliott Wave Technical Analysis Function: Counter trendMode: CorrectiveStructure: Double CorrectivePosition: Wave ((Y))Direction Next higher Degrees: wave ((Y)) of IVWave Cancel invalid Level:Details: Details: The corrective of Wave IV Maybe complete and the price Increase again in Wave V.Dogecoin/ U.S. dollar(DOGEUSD)Trading Strategy:Wave IV appears to have ended at 0.2626, so the overall picture is a rally above 0.4804 of wave V, with a chance of testing 0.6174.Dogecoin/ U.S. dollar(DOGEUSD)Technical Indicators: The price is above the MA200 indicating an uptrend, The Wave Oscillator is a Bullish Momentum. Technical Analyst : Kittiampon Somboonsod
Asia Open: The Dragon Economy Faces Severe Distress
Image Source: As 2025 dawns, Asia’s financial theatres awaken to a potentially turbulent first full New Year trading week, shadowed by significant economic dramas. Eyes are fixed on China, as the yuan’s decline past critical levels and plummeting bond yields hint that the dragon economy faces severe distress. Meanwhile, South Korea grapples with escalating political strife, and a high-stakes U.S.-Japanese corporate merger hits a deadlock, casting ripples across investment waters.This week, a batch of purchasing managers’ index (PMI) reports will be unveiled, providing a first look at how major Asian economies, including China, concluded 2024. Yet, expectations are tempered, and there is little anticipation of positive surprises from China’s data.Stateside, Wall Street is radiating a cautious optimism, bouncing back robustly from an uncertain start to the year—a boon that should lend a slight lift to Asian stocks. Now, liberated from the conservative shackles of late December’s balance sheet constraints, traders are plunging into 2025 with a revived appetite for risk and volatility—a typical start-of-the-year modus operandi. However, this initial bullish surge is cast under the long shadow of potential upheavals from the anticipated policy shifts under “Trump 2.0.” The markets are tensely poised, prepared to shift from initial euphoria to navigating the complexities of policy-driven anxieties.Specifically, “The Street” might eventually develop cold feet about the fiscal jitters tied to Trump’s intent to push an already hot economy to run even hotter and its consequential effects on Fed policy.Emerging markets are under siege, pressured by surging U.S. Treasury yields and a formidable […]
Quantum Crazy
Photo by on Given that the latest fad, quantum computing, has taken the world by storm, I researched what the pure quantum plays were. These stocks were virtually unknown and barely-ever-traded just a few weeks ago, and now they collectively represent trading volume of over a billion shares per day.