![Daily analysis and reaction locations [2026.06.16]](https://i0.wp.com/s3.tradingview.com/n/NdDX69Hu_big.png?w=768&ssl=1 "Daily analysis and reaction locations [2026.06.16]")
The previous session confirmed the swing low, providing a clearer picture of the relevant price range. Price is currently sitting near the swing high, close to the value-based pullback target. My mid-term bias remains down — and will continue to do so until the swing high is broken. Looking at the trend volume and the…
Looking to short XAUUSD @ $4314 Stops above @ $4323.5Target @ $4282.5 & $4221.5 I believe we’ve pushed high enough and from here on Gold might look to correct lower and fill the gap before the next move. So here we’re looking to go short and the idea is to look to capture a full…
Just over a week ago, on June 9, I presented you with an overlooked opportunity. Specifically, I noted that while the entire market was fixated on the SpaceX IPO, there was a small, hidden pocket of the market that was prime for a trade. As a quick refresher, I wrote the following… The SpaceX IPO…
The cryptocurrency market just caught a massive break. After weeks of steady bleeding and sliding to multi-month lows, Bitcoin snapped back with a vengeance. The world’s leading digital asset surged over two percent, hitting a two-week high. price is now knocking on the door of the $66,000 mark. This sudden turnaround caught short-sellers completely off…
By Jonathan Stempel June 15 (Reuters) – A federal judge dismissed a lawsuit on Monday by Elon Musk’s artificial intelligence company xAI that accused rival Sam Altman’s OpenAI of stealing trade secrets for chatbots. U.S. District Judge Rita Lin in San Francisco said xAI failed to show that OpenAI induced former xAI senior engineer Xuechen…
Step aside, Palantir (PLTR), there’s a new valuation multiple king in the megacap tech stock town: SpaceX (SPCX). The insight: With its scorching-hot debut on public markets now in the books, SpaceX is trading on a trailing 12-month price-to-sales ratio of 110 times, compared to 63 times for Palantir, which has long been viewed as…
Cardinal Health, Inc. (CAH), headquartered in Dublin, Ohio, is a global healthcare distributor and manufacturer serving hospitals, pharmacies, and laboratories. The company distributes pharmaceuticals, including branded and generic drugs and manufactures and distributes medical and laboratory products, such as surgical supplies and diagnostic tools. It also provides performance and data solutions to help healthcare facilities optimize…
Quick Read Warsh explicitly stated he does not believe in forward guidance and may eliminate the dot plot that has guided markets since 2012. Removing the dot plot would likely spike short-term market volatility, as Goldman Sachs links clear Fed communication to lower borrowing costs and reduced shocks. The shift forces investors to track real…
Investors in the “Magnificent Seven” stocks are growing more restless about whether heady investments in AI capital expenditures will yield fruitful results. The analysis: The AI capital expenditures boom is likely to weigh on returns on equity (ROE) for the megacap tech stocks in the coming years, Goldman Sachs strategist Ben Snider warned in a…
Madison Investments, an investment advisor, released its first-quarter 2026 investor letter for the “Madison Large Cap Fund”. A copy of the letter is available to download here. The Madison Large Cap Fund (Class I) declined 2.7% in the quarter, outperforming the S&P 500’s -4.33% return. The fund focuses on long-term capital appreciation. The quarter saw…
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