As August came to a close, stocks rebounded, positioning the S&P 500 just below its all-time high heading into September. However, significant changes have occurred beneath the surface since July.
The Magnificent Seven (MAGS) stocks, once dominant in the market, have struggled to fully recover from recent sell-offs. The year's most popular trade—a bullish bet…
Gold’s price remained relatively stable since last report. Today we are to discuss the fundamental challenges laid ahead for the precious metal as well as upcoming financial releases that may affect the direction of its price action. Finally, we will be concluding this report with a technical analysis of gold’s daily chart. Also please note that…
The S&P 500 closed at a record high seven times in June as a string of earnings reports from the likes of Broadcom (AVGO) and Oracle (ORCL) showed demand for artificial intelligence (AI) and the wares that make it work remained as healthy as ever.
Heading into the second half of the year, the tech sector has momentum on its side…
KEY TAKEWAYS
As Nvidia, Microsoft, and Apple jostle for the mantle of the world’s most valuable company by market capitalization, watch out for these key chart levels.
Monitor if buyers can defend an uptrend line in Nvidia shares around $87 during periods of profit taking.
A breakdown below a key uptrend line in Microsoft shares…
OThe USD edged lower against its counterparts on Friday, yet the big picture of an overall sideways movement seems to be maintained. The highlight of the week for USD traders and not only for them, is expected to be the release of the US employment report for May on Friday, yet for today we highlight…