Contents This financial saying “Sell in May and go away” is really really old. It is not even clear when exactly this adage originated. Further research indicates that the full saying goes like this: “Sell in May and go away, don’t come back till St. Leger’s Day.” What is St. Leger’s Day? This dates back…
Short Term Elliott Wave in Oil (CL_F) shows incomplete Elliott Wave bearish sequence from 04.12.2024 high. Down from there, wave 1 ended at 76.15 like the 1 hour chart below shows. Rally in wave 2 unfolded in a zig zag Elliott Wave structure. Up from wave 1, wave ((a)) ended at 78.05 and dips in wave…
Bank of Canada Rate Cut June 5, 2024 The Bank of Canada’s policy interest rate of 5.0% since July 2023 has been cut to 4.75% in a move to lessen the degree of policy restraint. However, balance sheet normalization is to continue, and the released statement notably does not commit to any particular timetable of…
What is the Stochastic Oscillator? The Stochastic Oscillator is an indicator that compares the most recent closing price of a security to the highest and lowest prices during a specified period of time. It gives readings that move (oscillate) between zero and 100 to provide an indication of the security’s momentum. The stochastic readings…
Hello traders, Today i traded Micro E-mini Nasdaq Futures Using “SUPPLY DEMAND EA PROBOT”. This EA was designed to place trades Automatically on Supply and Demand Zones. You have also the possibility to place trades Manually by clicking the Zone Label next to a Zone. It is very easy and profitable way to trade Forex,…
GME surged 1,500% post-Roaring Kitty’s post, showing high volatility. Massachusetts regulator to probe Roaring Kitty’s GameStop trades. After seeing a surge of over 300% in the value of GameStop [GME] memecoin on 3rd June, GME dropped by 25.27% in the past 24 hours. While the surge was attributed to posts by Keith Gill, aka Roaring…
In the fast-developing world of decentralized finance (DeFi), ETFSwap (ETFS) emerges as a groundbreaking project designed to enhance financial inclusivity. As Polygon (MATIC) experiences a significant surge in gaming activity, creating an urgent need for comprehensive DeFi solutions, ETFSwap (ETFS) is poised to meet this demand with its robust infrastructure, diverse utilities, and focus on…
Rubio’s Coastal Grill, known for its fish tacos, is closing 48 locations in California due to high operational costs. The closures affect 24 stores in Los Angeles, 13 in San Diego, and 11 in Northern California. This strategic move aims to ensure Rubio’s long-term success amidst the challenging economic climate. California Assembly Bill 1228, which…
Another Sign of Cooler U.S. Growth, Which Isn’t an Entirely Unwelcome Thing June 5, 2024 ADP’s monthly calculation of U.S. private-sector employment growth rose by a less-than-anticipated 152k last month. That constitutes the smallest gain since +111k in January. Composite and service-sector purchasing manager readings for the euro area in May of 52.2 (a one-year…
By JustMarkets At Tuesday’s close, the Dow Jones Index (US30) was up 0.36%, while the S&P 500 Index (US500) added 0.15%. The NASDAQ Technology Index (US100) closed positive 0.17% yesterday. The April JOLTS job openings number fell more than expected to a 3-year low, pushing 10-year T-note yields to a 2-week low and reinforcing expectations that the Fed may cut interest rates sooner rather than…