This morning, September nonfarm payrolls soared past expectations, 254,000 vs. 132,500. Adding to the bullishness was the upward revision to August nonfarm payrolls as the prior reading of 142,000 was boosted to 159,000. This is…
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Stocks
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In this StockCharts TV video, Mary Ellen highlights the continuation rally in AI-related stocks while also reviewing broader market conditions. The move higher in yields as well as volatility were discussed heading into next week’s FOMC…
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After Friday’s stellar jobs report—254,000 jobs added in September vs. the Dow Jones forecast of 15,000—stocks and Treasury yields initially reacted with a big jump. The data confirms the strength of the labor market and…
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As a bull market reaches an exhaustion point, market breadth indicators often tend to diverge from the price action of the benchmarks. This “breadth divergence” occurs as leading names begin to falter, and initial selling drives…
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Here’s the issue with gold: it’s difficult to find as much info on it as stocks. For many investors, the buzz around Costco’s (COST) gold sales put gold back on the mainstream radar. But that…
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In this video from StockCharts TV, Julius explores the October seasonal outlook for the S&P 500 and various sectors. Seasonality suggests a potential rise in the S&P 500, fueled by strength in technology, but there…
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In this exclusive StockCharts TV video, Joe explains how to use two timeframes to identify 2 important characteristics of a great setup. For examples, he shares a few Chinese stocks that are showing great strength…
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Utility stocks are now becoming cool. Going forward, AI companies will require massive power to amp up the innovative products and services they have in the pipeline. The amount of energy they need is way…
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S&P 500 earnings are in for 2024 Q2, and here is our valuation analysis. The following chart shows the normal value range of the S&P 500 Index, indicating where the S&P 500 would have to…
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Stocks
Traders are Eyeing These Metals After China’s Big Economic Shift: Here’s What You Need to Know
by adminChina’s central bank is back in action, cutting interest rates and lowering reserve requirements to boost its economy. Well, guess what? Metals are feeling it, big time. Gold prices hit a record high, and copper…