In this technical blog, we will look at the past performance of 4 hour Elliott Wave Charts of XLY. In which, the rally from 18 March 2020 low unfolded as a nest and showed a higher high sequence. Therefore, we knew that the structure in XLY is incomplete to the upside & should see more upside. […]

The Fed has indicated that they plan to continue to taper and start raising interest rates from near zero to curb the strongest inflation in four decades. A hawkish Fed, if followed through in action, may support in USD at least in the short term. USDCAD Daily Chart $USDCAD Daily Chart above shows an incomplete […]

Since the crash of March 2020, all stocks have tried to recover what they lost and JNJ was no exception. Johnson & Johnson did not only recover the lost, but it also reached historic highs. In those days, we were looking for an entry in 155.33 – 156.93 area to reach a target above $176.00 […]

Semiconductors are the major building blocks of modern electronics. They are not only used in electronic devices but also enable advances in communications, computing, healthcare, military systems, transportation, clean energy amongst others.  The Semiconductor Industry Landscape was valued at USD 439.8 billion in 2020, and it is projected to be worth USD 679.6 billion by […]