Summary While the S&P 500 and S&P 100 continue to close in on their early June all-time highs, the Nasdaq 100 (QQQ) remains in a triangle, getting closer and closer to the apex. With all the wild moves within technology, it is surprising that the QQQ price range is tightening as the ETF puts in…
July 16 (Reuters) – AtaiBeckley shares soared 50% premarket on Thursday after a report that Eli Lilly was in talks to acquire the psychedelic drug developer as soon as this week. Bloomberg News, late on Wednesday, said Lilly was negotiating a deal at a premium, citing people familiar with the matter. New York-based AtaiBeckley’s shares…
The Macro Picture 🗺️ PYTH bottomed at $0.030 in June and has run a clean impulse back to $0.050 — a rising sequence of higher highs and higher lows. Momentum is firmly with the buyers: RSI is riding the upper band near 72, the sign of a trend that’s being led, not faded. The Setup…
https://www.tradingview.com/chart/7f60QOOI/ CHARACTER – gold has character among all trading assets, given the last bull rally , gold has fall considerably and looking to fall more but before this it has to go bit higher and technicalities giving the reason to think so about gold like this d- gold is at important day level previously from…
TotalEnergies expects higher cash flows from its oil production and strong refining margins and oil trading results to boost second-quarter profits compared to the prior quarter, as oil prices rose and fuel markets tightened in the wake of the Iran war. “Downstream results and cash flow are expected to increase sharply compared to the first…
On the 4-hour chart, gold has been bearish for some time. Price recently formed another block in a chain of downside moves, suggesting continued institutional selling. The take profit sits just above a previous 4-hour buy order block, targeting a 1 to 5 risk reward ratio. This is for educational purposes only, not financial advice….
USOIL | Geopolitical Risk Premium Driving the Final Bullish Expansion? Watching HTF Supply for a Major Reversal The current structure in WTI continues to favor buyers in the short term, but the underlying narrative is becoming increasingly asymmetric. While the market remains supported by geopolitical tensions and the risk premium associated with Middle East supply…
The Macro Picture 🗺️ ZRO has been in a controlled downtrend since the $1.90 May top — a clean staircase of lower highs and lower lows. The July bounce topped at $1.05 (another lower high) and price is already rolling back over toward $0.82, with RSI failing under 50 and turning down. Structure still favors…
By Amina Niasse NEW YORK, July 16 (Reuters) – UnitedHealth Group raised on Thursday its 2026 profit forecast as the company tightened spending on medical costs and improved operating income in its Optum health services business. Shares of the healthcare giant rose nearly 5% before the bell. Chief Financial Officer Wayne DeVeydt said cost controls…
By Wen-Yee Lee, Ben Blanchard and Faith Hung TAIPEI, July 16 (Reuters) – TSMC, the world’s main producer of advanced AI chips and a major Nvidia supplier, pledged on Thursday to invest a further $100 billion in the U.S. state of Arizona in a win for President Donald Trump, who has pushed for more chipmaking…
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