Daily Archives: April 4, 2024
Showing articles 1 - 2 (2 total)
01Oct3:29 pmEST
So Close You Can Almost Taste It
Quick note into the bell here as the Nasdaq tries to offset small cap damage today: Note how exhausted the U.S. Dollar looks today, clearly short-term overbought on the UUP ETF daily chart (UUP is simply the U.S. Dollar versus a basket of developed economies' currencies). As you know, the Dollar and gold often have an inverse relationship, but...
01Oct11:07 amEST
Manufactured Chop
Weak ISM manufacturing data figures to have been the culprit to reverse a strong open in the IWM as well as the market at-large this morning. As I write this, the small caps are now slightly in the red on the day, setting up another test of mettle in terms of whether dip-buyers have the gumption to step back into what remains a notably choppy...