NASDAQ 100 Forecast: Continues to Build a Bullish Flag
While I’m not a fan of owning the stock right now because I honestly don’t think the economics justify it, short-term trading may be bullish even in tech stocks, even…
S&P 500 Forecast: Advances Toward 200-Day EMA
This rally is just money managers trying to chase assets and show their clients that they own all the right stocks. The SandP 500 E mini contract crossed the 000…
EURUSD SIDEWAYS AROUND 1.0350, POSTS MARGINAL WEEKLY GAINS
The US dollar moves up and down during the US session without a clear direction. EURUSD rose during the week, far from the top. 200-day SMA 1.0 15 holds the…
GOLD PRICE FORECAST: XAUUSD CLINGS ABOVE $1750 AFTER DISMAL US HOUSING DATA
The price of gold ends the week with a loss of almost 1%. , US existing home sales fell sharply as the Federal Reserve continued to tighten monetary policy. XAUUSD…
Morphosys stock: possible completion of bottoming, but…
For three days in a row, Morphosys stock tried to break out of its adjacent 20-day and 50-day moving averages — to no avail. The day’s highs were between 20.2…
BioNTech Stock: Important New Buy Signals, But…
While investors reacted surprisingly negatively to BioNTech’s quarterly numbers and 2022 growth forecast in the US stock market yesterday, the tide turned during the day. Shares of BioNTech rose from…
France October final services PMI 51.7 vs 51.3 prelim
Prelim 52.9 Composite PMI 50.2 vs 50.0 Prelim Prelim 51.2 A slightly better revision, but still confirms that business activity in France is slowing down as the general economic situation…
Germany October final services PMI 46.5 vs 44.9 prelim
Previous 5.0 Composite PMI 5.1 vs .1 Initial Previous 5.7 The revision higher indicates that business is contracting more slowly than in September, but overall conditions are still quite moderate.…