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USDJPY 1 HOUR CHART –   Reversal of fortune BUT
Wasn’t the market shooting for 148 yesterday?
Testing this week’s high at 150.74, so far holding
As this chart shows there is a void above it until 151.55-95, only exposed if 150.74-00 becomes support.
Note higher US yields, firmer USDJPY
As noted previously,
150, the bias setter, has printed 3 days in a row (now 4 days) so the jury is out until the pattern breaks and it becomes support or resistance.
US500 1 HOUR CHART – RETRACEMENT MODEAs
The snail’s pace move to another record high continues.
Normally it would suggest a tired trend but with the US economy humming and bond yields retreating, it is hard to fight the fundamentals. I will keep this thought on the backburner unless charts say otherwise.
In any case, keep an eye on 6045-50 as that level needs to become support to open the door for the run at 6080-00
Nvidia – NVDA
Will NVIDIA Stock Continue Its Uptrend After Rallying 180% YTD?
With a market capitalization of $3.395 trillion, NVIDIA is now the second most valuable publicly traded U.S. company, trailing only Apple Inc. AAPL at $3.622 trillion.NVIDIA’s meteoric rise is anchored in its leadership in artificial intelligence (AI), particularly generative AI.
Pork Cut out Futures – PRK1
I was asked some interesting questions in last few days on X – especially about forex and crypto – one stood out:
Why tho…does it have any actual useful utility….
Well I didn’t invent any of it, but got the point – so here is something for those in need of useful utility…
Lean Hogs Close Lower on Weaker Cutouts — Market Talk
Lean hog futures on the CME settle down 0.1% to 87.85 cents a pound. Today’s decline makes it three out of the past four trading sessions that the most-active lean hog contract closed lower — this after posting seven straight sessions with higher closes. Weighing on hogs was weaker cutout prices reported by the USDA in its midday report, including a $1.21 per hundredweight drop in carcass prices to $91.45 per cwt. Pork bellies have shed $5.32 per cwt, hams have dropped $4.02 per cwt, and ribs fell $2.81 per cwt. Live cattle finish up 0.6% to $1.89075 a pound.Happy now ?
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