The Blue Dot of Happiness Setup is explained in my presentation at the 2025 TraderLion Conference last Sunday. This setup is an oversold bounce after a recent ATH. See if the bounce holds, like the one in June. Earnings are expected August 7.
June S&P E-mini futures: The drop from 7043 probably ended at 6584 but if not then 6500 is the worst I see on the downside. In either case the upside target is 7500. QQQ: There is a good chance that the drop from 638 ended at 585. TNX (ten year note yield): The 3.75% level…
WSM Williams-Sonoma $139.51 +9.01 (+6.90%) (As of 08/23/2024 08:52 PM ET) 52-Week Range $69.02 ▼ $174.26 Dividend Yield 1.63% P/E Ratio 17.13 Price Target $134.90 Williams-Sonoma’s NYSE: WSM stock price slumped after its Q2 earnings release, but investors should use this opportunity to load up on a high-quality retail stock. The critical details from the report align…
Some stuff I am reading today morning: China floods world with cheap exports (Bloomberg) AI can pass CFA exam in minutes (CNBC) LNG poised to disrupt heavy vehicle fuel market (BW) Jane Street under CBDT scanner (Rediff) Low public float is a threat to investors (ML) Russia’s shadow fleet continues to defy sanctions (OP) Bull…
Veteran fund manager Sunil Singhania on Thursday said India offers a lot of opportunities for equity investing, backed by robust fundamentals. These fundamentals are being driven by 4 ‘Ds’, according to the Abakkus founder, which are amplified as Democracy, Demographics, Domestic Consumption and Digital leeway. Singhania said in the post-Covid era, the world was debating…
Dubai real estate: City bets on its niche to beat war jitters as property price dip concerns grow Amidst geopolitical tensions, Dubai’s booming property market faces scrutiny as Indian buyers and businesses reassess investments. While some anticipate price corrections and distress opportunities, others believe the market will stabilize. The city’s appeal as a tax-friendly domicile…
Some stuff I am reading today morning: Cabinet approves 76,000 Cr Vadhavan Port (MC) Vodafone sells 18% stake in Indus Towers (DH) Foreign investors buy $10 Billion of Indian bonds (HT) Israel warns Lebanon of ‘all out war’ (CNBC) Hinduja family faces criminal charges in Swiss courts (BW) How Mercedes became India’s largest luxury car…