Oil

To gain an edge, this is what you need to know today. Small Caps Breakout Please click here for an enlarged chart of iShares Russell 2000 ETF (ARCA: IWM). Note the following:  The chart shows that small caps have broken out. The trigger for the breakout is the anticipation of rate cuts. The...

To gain an edge, this is what you need to know today. Cooler CPI Please click here for an enlarged chart of SPDR S&P 500 ETF Trust (ARCA:SPY) which represents the benchmark stock market index S&P 500 (SPX). Note the following: The chart shows that the stock market is making a new high....

To gain an edge, this is what you need to know today. AI Demand Please click here for an enlarged chart of Taiwan Semiconductor Mfg. Co. Ltd. (NYSE: TSM). Note the following: This article is about the big picture, not an individual stock. The chart of TSM stock is being used to illustrate...

Energy commodity prices experienced another session of declines on Tuesday, despite investor concerns over potential supply disruptions from Hurricane Beryl. The price of West Texas Intermediate (WTI) light crude, tracked by the United States Oil Fund (NYSE:USO), fell for the third straight session...

To gain an edge, this is what you need to know today. Market Cap Divergence Please click here for an enlarged chart of Invesco S&P 500 Eql Wght ETF (ARCA: RSP) compared to SPDR S&P 500 ETF Trust (ARCA: SPY) which represents the benchmark stock market index S&P 500 (SPX). Note the...

By Michael Lebowitz Recently, a few media outlets have warned of the imminent demise of the petrodollar agreement, commonly called the petrodollar. With such narratives comes investor anxiety. Consider the following article titles on the topic. OPEC Will Sever Link With Dollar For Pricing Oil...

To gain an edge, this is what you need to know today. PCE Please click here for an enlarged chart of SPDR S&P 500 ETF Trust (ARCA:SPY) which represents the benchmark stock market index S&P 500 (SPX). Note the following: The chart shows that the stock market is attempting to break to a new...

The numbers are in, and they do all the talking. The U.S. is producing more oil than any country in history. The country’s output averaged 12.9 million barrels per day in 2023, smashing the previous record of 12.3 million barrels per day in 2019. America's oil production is growing so fast,...

To gain an edge, this is what you need to know today. Window Dressing Please click here for an enlarged chart of SPDR S&P 500 ETF Trust (ARCA:SPY) which represents the benchmark stock market index S&P 500 (SPX). Note the following: The chart shows that the stock market has...

To gain an edge, this is what you need to know today. Nvidia Bounces Please click here for an enlarged chart of NVIDIA Corp (NASDAQ: NVDA). Note the following: This article is about the big picture, not an individual stock. The chart of NVDA stock is being used to illustrate the point....

By RoboForex Analytical Department Brent crude oil prices surged to $86 per barrel on Tuesday, marking the highest level in two months. This rise was driven by escalating geopolitical risks in Eastern Europe and the Middle East, particularly the ongoing confrontation between Israel and Hamas, which...

To gain an edge, this is what you need to know today. Negative Pattern Please click here for an enlarged chart of NVIDIA Corp (NASDAQ: NVDA). Note the following: The chart shows that NVDA stock opened higher yesterday. The higher opening was the result of more good news, pump during the...

West Texas Intermediate (WTI) light crude oil surged 0.3% past $81 per barrel on Thursday, eyeing its highest close since late April and a potential third consecutive session of gains, as lower-than-expected U.S. inventories spurred market concerns. What Happened: Commercial crude oil stocks in the...

To gain an edge, this is what you need to know today. Deteriorating Internals Please click here for an enlarged chart of Invesco QQQ Trust Series 1 (NASDAQ: QQQ). Note the following: The chart shows that Nasdaq 100 is way overextended above the support zone. Overextended markets work only as long...

To gain an edge, this is what you need to know today. Canary In The Coal Mine Please click here for an enlarged chart of SPDR S&P 500 ETF Trust (ARCA:SPY) which represents the benchmark stock market index S&P 500 (SPX). Note the following: The chart shows that the stock market continues...