Saturday, January 11

Tag: index

Dec282024 by adminNo Comments
NASDAQ100: Lower initially, followed by brand-new all-time highs !?

NASDAQ100: Lower initially, followed by brand-new all-time highs !?

Business
For those brand-new to our Elliott Wave-based analyses and as a pointer to our routine readers, we have actually been tracking an ending diagonal (ED) pattern for the NASDAQ100 (NDX) for over a month. In our previous upgrade, we discovered that the index has actually advanced to the very little advantage target [123.60% @ NDX21509] for the 3rd wave extension within an ending diagonal pattern. While the disadvantage danger is therefore presently increasing and proper actions ought to be taken, e.g., raise stops and take partial earnings, till we see at least a break listed below NDX21200, we can still enable for greater costs ... the red 138.20% extension at NDX21868 ... A break listed below that level, specifically the (orang) 3rd caution level at NDX20600, will inform us that the red W-...
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Dec242024 by adminNo Comments
Dow Jones Industrial Average waffles on softer Durable Goods

Dow Jones Industrial Average waffles on softer Durable Goods

Business
The Dow Jones is battling to restore its balance after getting knocked lower. General market circulations are constrained with a holiday-shortened week on the cards. United States Durable Goods Orders fell more than anticipated in November. The Dow Jones Industrial Average (DJIA) damaged to start the Christmas trading week, falling a little over 200 points at its least expensive before staging a weak healing to -50 points on Monday. The Dow Jones is facing chart area south of 43,000 following a ten-day backslide that dragged the significant equity index back beneath record quotes above 45,000. United States Durable Goods Orders contracted even more than anticipated in November, decreasing 1.1% MoM compared to October's modified 0.8% increase. Financiers anticipated a print of -0.4%....
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