EUR/USD 1.15962
0.246%
Gold 4387.97
0.271%
Oil 81.794
0.379%
USD/JPY 159.252
-0.065%
GBP/USD 1.35623
0.207%
GBP/JPY 215.987
0.141%
Browse More
  • English
  • 简体中文
  • 繁體中文
  • Tiếng Việt
  • ไทย
  • Indonesia
Subscribe
Real-time News
August 17 - According to Iranian media reports on the 17th, a spokesperson for the Iranian Islamic Revolutionary Guard Corps said that Revolutionary Guard officials did not engage in dialogue with the United States through secret channels.The Ukrainian military stated that it attacked a factory in Russias Rostov region that is involved in missile fuel production.The U.S. Geological Survey reports a 5.3-magnitude earthquake 75 kilometers southeast of Petropavlovsk-Kamchatka, Russia.On August 17th, OpenAI signed a 10-gigawatt data center agreement with SoftBanks SB Energy in Ohio. According to sources familiar with the matter, the agreement was backed by a commitment from Nvidia, aimed at helping OpenAI raise debt financing while minimizing Nvidias risk. Nvidia has agreed to guarantee a portion of the value of the completed data center, starting with the first phase (approximately 5 gigawatts of power). In return, Nvidia will become the exclusive chip supplier for the first half of the Ohio project and will hold an equity stake in SB Energy. Nvidia has the option to extend the guarantee to the entire campus later. Sources indicated that Nvidias support aims to make project financing easier and cheaper, and even if OpenAI ceases to be a tenant, Nvidias guarantee will enhance lenders confidence in the data centers value. By guaranteeing the asset value of the data center rather than OpenAIs ongoing rental payments, this commitment structure significantly limits Nvidias risk exposure.Groq has raised $350 million at a valuation of $3.5 billion.

Market Breadth Indicator Reveals The Next Big Move In S&P 500

Skylar Shaw

Jul 04, 2022 15:01

微信截图_20220704145527.png


The price volume analysis of the S&P 500 and the bullish divergence in stock market breadth point to a probable large move.


There are additional bullish entry setups (from 24 to 106) as seen in the stock screener image below, despite the fact that the S&P 500 fell more than 2% last week along with very high levels of fear emotion.


Select companies from the Biotech (XBI) and Consumer Staple (XLP) categories also exhibit relative strength, in addition to the potential accumulation in China stocks as described in the video at the bottom of this piece. These industrial groupings have outperformed, which is crucial since these stocks are likely to take the lead when the market moves upward.


Let's use the Wyckoff trading approach to analyze the S&P 500's market breadth and price volume behavior in order to glean hints and warning indications about the impending price movement.

Suggestion