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Elliott Wave Analysis: 7 Swing Correction in Gold (XAUUSD)

Short Term Elliott Wave View on Gold (XAUUSD) suggests that rally from 11.13.2023 low is unfolding as a 5 waves impulse. Up from 11.13.2023 low, wave 1 ended at 2146.79 and dips in wave 2 ended at 1973.13....

^XAUUSD : 2,302.17 (-0.69%)
Weakness in Crude Oil Weighs on Sugar Prices

July NY world sugar #11 (SBN24 ) this morning is down -0.01 (-0.05%), and Aug London ICE white sugar #5 (SWQ24) is up +1.00 (+0.18%). Sugar prices this morning are little changed. Weakness in crude prices...

SBN24 : 19.25 (+0.16%)
CLM24 : 79.01 (+0.01%)
Cocoa Prices Extend Their Sharp Downside Correction

July ICE NY cocoa (CCN24 ) this morning is down -490 (-5.92%), and July ICE London cocoa #7 (CAN24 ) is down -486 (-6.70%). Cocoa prices today extended this week's sharp sell-off to 6-week lows as prices...

CCN24 : 7,397 (-10.71%)
CAU24 : 6,033s (-9.73%)
A Recovery in ICE Inventories Fuels Long Liquidation in Coffee Futures

July arabica coffee (KCN24 ) this morning is down -10.60 (-4.91%), and July ICE robusta coffee (RMN24 ) is down -296 (-7.44%). Coffee prices this morning sold off sharply to 3-week lows. A rebound in...

KCN24 : 204.95 (-5.12%)
RMN24 : 3,680s (-7.49%)
Crude Prices Under Pressure on Reduced Geopolitical Risks and a US Inventory Glut

June WTI crude oil (CLM24 ) this morning is down -0.49 (-0.62%), and June RBOB gasoline (RBM24 ) is down -0.63 (-0.24%). Crude oil and gasoline prices today extended Wednesday's loss and posted new 1-1/2...

CLM24 : 79.01 (+0.01%)
RBM24 : 2.5889 (+0.45%)
Peloton cutting about 400 jobs worldwide; CEO McCarthy stepping down

Peloton is cutting about 400 jobs worldwide as part of a restructuring effort and its CEO Barry McCarthy is stepping down after two years as the company continues to work on turning around its business...

PTON : 2.91 (-9.63%)
$SPX : 5,038.38 (+0.40%)
$DOWI : 38,049.95 (+0.39%)
$IUXX : 17,430.11 (+0.64%)
Stocks Moderately Higher on Economic Optimism

The S&P 500 Index ($SPX ) (SPY ) this morning is up +0.33%, the Dow Jones Industrials Index ($DOWI ) (DIA ) is up +0.41%, and the Nasdaq 100 Index ($IUXX ) (QQQ ) is up +0.49%. US stock indexes this morning...

$SPX : 5,038.38 (+0.40%)
SPY : 502.47 (+0.42%)
$DOWI : 38,049.95 (+0.39%)
DIA : 380.57 (+0.44%)
$IUXX : 17,430.11 (+0.64%)
QQQ : 424.38 (+0.68%)
ZNM24 : 108-065 (+0.09%)
CHRW : 83.05 (+15.20%)
HWM : 76.07 (+13.91%)
QCOM : 178.66 (+8.87%)
BWA : 35.69 (+8.58%)
MRNA : 122.00 (+9.46%)
Dollar Recovers and Gold Falls as T-Note Yields Climb

The dollar index (DXY00 ) this morning is up by +0.12%. The dollar recovered from early losses today and moved higher as T-note yields rose after today’s US economic reports showed weekly jobless claims...

DXY00 : 105.468 (-0.27%)
^EURUSD : 1.07190 (+0.05%)
^USDJPY : 153.733 (-0.51%)
GCM24 : 2,309.5 (-0.06%)
SIN24 : 26.830 (+0.31%)
More money is going to African climate startups, but a huge funding gap remains

African climate-tech startups are increasingly raising money from private sources, but while those funds for climate solutions are growing, a huge gap remains in meeting the actual financial needs for...

$SPX : 5,038.38 (+0.40%)
$DOWI : 38,049.95 (+0.39%)
$IUXX : 17,430.11 (+0.64%)
Stocks Rebound Ahead of Apple’s Earnings

The S&P 500 Index ($SPX ) (SPY ) this morning is up +0.51%, the Dow Jones Industrials Index ($DOWI ) (DIA ) is up +0.39%, and the Nasdaq 100 Index ($IUXX ) (QQQ ) is up +0.75%. US stock indexes this morning...

$SPX : 5,038.38 (+0.40%)
SPY : 502.47 (+0.42%)
$DOWI : 38,049.95 (+0.39%)
DIA : 380.57 (+0.44%)
$IUXX : 17,430.11 (+0.64%)
QQQ : 424.38 (+0.68%)
ZNM24 : 108-065 (+0.09%)
CHRW : 83.05 (+15.20%)
HWM : 76.07 (+13.91%)
QCOM : 178.66 (+8.87%)
MGM : 40.87 (+2.82%)
MRNA : 122.00 (+9.46%)

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Today's 4 Stock Market Movers: $DASH $CVNA $QCOM $QRVO https://t.co/aa1W2y8gWC
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Up to 7% of U.S. Banks may be at risk of failure, warns Consulting firm Klaros Group https://t.co/EfZ8gxw680
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Chinese Stocks enter technical bull market after rallying 20% off the Jan 22 low 🚨 https://t.co/d1QOVMVZTN
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Another Boeing $BA/Spirit AeroSystems whistleblower, Josh Dean, has died after a sudden illness https://t.co/kJp8CTiDYJ
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Apple $AAPL on its way to tomorrow's earnings event https://t.co/k7IBxRefNu
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First Tesla $TSLA and now pot stocks, short sellers just can't catch a break. After the DEA moved to reclassify marijuana on Tuesday, short sellers sustained losses of approximately $210 million https://t.co/3tWM2euJdr
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Momentum Exposure among hedge funds hits an all-time high 🚨 Probably Fine https://t.co/Np0PAMFqDO
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What chart is this? https://t.co/xlAeZW7EPB

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Chart of the Day

Everquote Inc Cl A (EVER)

The Chart of the Day belongs to the on-line insurance purchase site EverQuote (EVER) . I found the stock by using Barchart's powerful screening functions to find stocks with the highest technical buy signals, highest Weighted Alpha, superior current momentum and having a Trend Seeker buy signal then used the...
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Major Market Indices

Symbol Last %Chg
$SPX 5,038.43 +0.40%
S&P 500 Index
$NASX 15,732.95 +0.82%
Nasdaq Composite
$DOWI 38,048.12 +0.38%
Dow Jones Industrials Average
$ONE 2,390.01 +0.46%
S&P 100 Index

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