What happened: Chip stocks retreated on Monday as US-listed shares of South Korean memory maker SK Hynix (SKHY) declined 6%. What’s behind the move: Investors took profits amid concerns of an increasingly overstretched and crowded trade. SK Hynix stock sank 15% in Asia, setting the stage for a volatile session in US-traded shares after their…
Three weeks ago, everyone decided the energy trade was over. The US-Iran ceasefire got signed. Brent crude dropped 15% in days. XLE fell from the $63 range to the low $50s. Traders whoād ridden the Hormuz premium all year got flushed out at the worst possible time, selling energy right at the bottom because a…
Stocks split ahead of a busy week after the US and Iran escalated fighting in the Middle East, sending oil prices higher, and AI stocks were under pressure. Notching the sole green movement, the Dow Jones Industrial Average (^DJI) rose by roughly 0.1%. Meanwhile, the S&P 500 (^GSPC) dropped 0.3%, while the Nasdaq Composite (^IXIC)…
Market Overview On Monday morning, the crypto market capitalisation retreated to $2.16T from the $2.20T region, where we also saw increased selling pressure in the middle of last month. In the short term, market capitalisation remains below the 50-day moving average, showing no signs of a shift to a bullish trend. The sentiment index has…
#ALICE The price is moving within a descending channel on the 1-hour timeframe and has reached the lower boundary. It is now poised for a bounce and is expected to retest this boundary. The Relative Strength Index (RSI) indicates a downward trend, which is likely to continue given the overbought conditions. There is a key…
Gold is attempting to recover after a sustained decline, with price currently reacting from a highlighted demand area where buying interest has started to appear. This reaction suggests that sellers may be losing short-term control, although further confirmation is still needed before a stronger recovery can be considered. A key feature on the chart is…
The Macro Picture šŗļø WLD ran a parabolic move from $0.24 to the mid-June $0.72 structural peak ā the kind of vertical extension that demands a deep correction once momentum fades. That reset arrived fast: price sliced roughly 50% off the top back to $0.36 by early July, carving a sequence of lower highs on…
Market Context:Following a sustained and aggressive Up Trend, GBPJPY is showing definitive signs of trend exhaustion at its cyclical peaks. The price has developed a textbook Head and Shoulders reversal pattern, signaling a major structural shift as buyers lose control and a significant bearish correction looms. Technical Analysis: Pattern Dynamics: The structure consists of a…
The Macro Picture šŗļø PEPE unwound its May $0.0000046 highs through a persistent descending structure, and the selling finally bottomed at $0.0000023 in early July. The tape has since changed character: price carved out a higher low, reclaimed the equilibrium, and dragged RSI back above the midline near 53. That shift from lower lows to…
Concerned about an AI bubble? Sign up for The Daily Upside for smart and actionable market news, built for investors. You can’t win ’em all. ETFs as a whole had an uncharacteristic week of outflows earlier this month, with about $3.7 billion in redemptions, according to ETF.com. The week ending July 3 came amid a…
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