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Crude Pushes Higher on Dollar Weakness and Energy Demand Optimism

June WTI crude oil (CLM24 ) this morning is up +0.87 (+1.06%), and May RBOB gasoline (RBK24 ) is up +2.18 (+0.82%). Crude and gasoline prices this morning are moderately higher. A weaker dollar today...

CLM24 : 82.56 (+0.81%)
RBM24 : 2.6800 (+0.64%)
SPDR Metals & Mining ETF ( $XME) Found Buyers at the Blue Box Area as Expected.

Hello everyone. In today’s article, we will look at the past performance of the 1H Hour Elliott Wave chart of SPDR Metals & Mining ETF (XME) . The rally from 3.14.2024 low at $55.37 unfolded as 5 waves...

XME : 59.36 (-1.64%)
Stocks Find Support on Q1 Earnings and Lower Bond Yields

The S&P 500 Index ($SPX ) (SPY ) this morning is up +0.97%, the Dow Jones Industrials Index ($DOWI ) (DIA ) is up +0.56%, and the Nasdaq 100 Index ($IUXX ) (QQQ ) is up +1.22%. US stock indexes this morning...

$SPX : 5,064.65 (+1.08%)
SPY : 504.65 (+0.99%)
$DOWI : 38,446.23 (+0.54%)
DIA : 384.35 (+0.52%)
$IUXX : 17,449.09 (+1.38%)
QQQ : 424.51 (+1.36%)
ZNM24 : 108-030 (+0.22%)
DHR : 253.50 (+7.38%)
GE : 159.24 (+6.03%)
KMB : 135.35 (+4.98%)
FISV : 114.23 (+1.78%)
GM : 45.01 (+4.17%)
Gold Price Slides Even Without Dollar’s Help!

Gold slides once again today, proving that yesterday’s $67 slide was not accidental.

Dollar Falls on Lower Bond Yields and Stronger Stocks

The dollar index (DXY00 ) this morning is down by -0.35% and posted a 1-week low. The dollar is under pressure as the euro strengthened after today’s news that the Eurozone Apr S&P composite PMI expanded...

DXY00 : 105.702 (-0.35%)
^EURUSD : 1.07024 (+0.45%)
^USDJPY : 154.789 (-0.03%)
GCM24 : 2,335.5 (-0.46%)
SIK24 : 27.275 (+0.11%)
Neutralizing the Damage in Stocks and Metals

Bill Baruch joined the CNBC Halftime Report Monday to detail adding to two names.

No Bull | The Five Spot

#5 | New Heights Cocoa and copper continued to make a run for it last week, especially cocoa which traded above $12,000/tonne briefly on Friday before settling at $11,878 - nearly $5.00 per pound! Everyone's...

PepsiCo beats Q1 revenue forecasts as price increases moderate

PepsiCo reported better-than-expected revenue in the first quarter on strong international demand for its snacks and beverages

PEP : 172.00 (-2.53%)
$SPX : 5,064.65 (+1.08%)
$DOWI : 38,446.23 (+0.54%)
$IUXX : 17,449.09 (+1.38%)
Stocks Climb as Q1 Earnings Roll In

The S&P 500 Index ($SPX ) (SPY ) this morning is up +0.87%, the Dow Jones Industrials Index ($DOWI ) (DIA ) is up +0.67%, and the Nasdaq 100 Index ($IUXX ) (QQQ ) is up +1.02%. US stock indexes this morning...

$SPX : 5,064.65 (+1.08%)
SPY : 504.65 (+0.99%)
$DOWI : 38,446.23 (+0.54%)
DIA : 384.35 (+0.52%)
$IUXX : 17,449.09 (+1.38%)
QQQ : 424.51 (+1.36%)
ZNM24 : 108-030 (+0.22%)
GE : 159.24 (+6.03%)
GM : 45.01 (+4.17%)
PHM : 112.26 (+4.11%)
HIBB : 86.33 (+19.09%)
DHR : 253.50 (+7.38%)
Cattle Look to Tuesday Trade After CoF Dust Settles

Live cattle ended Monday with contracts up $2.35 to $3.20 in reaction to a friendly USDA Cattle on Feed report. Cash action was negligible on Monday, but had picked up on Friday, with some $183-184 live...

LEJ24 : 183.525 (-0.16%)
LEM24 : 177.275 (-0.44%)
LEQ24 : 175.950 (-0.26%)
GFJ24 : 244.150 (+0.51%)
GFK24 : 245.850 (+0.28%)
GFQ24 : 259.025 (+0.21%)

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Today's 4 Stock Market Movers: $DHR $MSCI $SHW $HIBB https://t.co/RkBFxaBtCf
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United Kingdom's stock exchange, FTSE 100, hit an all-time high for the first time in more than a year https://t.co/3Dpv64qpNp
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New Stock ETFs will offer the potential for capped upside gains with 100% downside protection. It's a miracle! What could go wrong? https://t.co/d3UpO9sGlW
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Tech Stocks underperformed the S&P 500 last week by the largest margin since the Global Financial Crisis 👀 https://t.co/lJmFpyoRsB
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BREAKING 🚨: Securities & Exchange Commission Two SEC Lawyers resigned after a judge cited the agency's 'gross abuse of power' during a cryptocurrency case in March https://t.co/0sXR7v9VJ6 https://t.co/5OpymCRwPX
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H/T: @Stockspy1 for the show
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Butter approaching all-time highs! 🚨 Apparently taking away our chocolate and coffee wasn't enough 😢 https://t.co/vjSSDaBpep https://t.co/RIf25sTRVo
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The correction in stocks isn't over, warns JP Morgan strategist Marko Kolanovic, who still believes that the S&P 500 will finish the year at 4,200 https://t.co/elaSgtubrH
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Mega Cap Tech Stocks have traded red for 4 consecutive weeks, their longest losing streak since December 2022 https://t.co/pm79p8hlSb
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CTAs have built the largest global equities position in nearly 5 years 👀 https://t.co/klfj4vf3Or

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Chart of the Day

Skywest Inc (SKYW)

The Chart of the Day belongs to the regional airline SkyWest (SKYW) . I found the stock by using Barchart's powerful screening functions to find stocks with the highest technical buy signals, highest Weighted Alpha, superior current momentum and having a Trend Seeker buy signal then used the Flipchart feature...
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Major Market Indices

Symbol Last %Chg
$SPX 5,061.50 +1.02%
S&P 500 Index
$NASX 15,670.39 +1.42%
Nasdaq Composite
$DOWI 38,439.61 +0.52%
Dow Jones Industrials Average
$ONE 2,397.21 +1.12%
S&P 100 Index

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