To The Moon

SCCO Favors Sideways To Lower Before Rally Resumes May 23, 2023 By EWFRaj Southern Copper Corporation (SCCO) engages in mining, exploration, smelting & refining of Copper & other minerals in Peru, Mexico, Argentina, Ecuador & Chile. The company is based in Phoenix, Arizona, US, comes under Basic Materials Sector & trades as “SCCO” ticker at NYSE. SCCO made all time high at $83.15 as wave I impulse started from March-2020 low of (II). Later, it finished II as flat correction at $42.42 low. Currently, it favors pullback in ((2)), while placed ((1)) at $82.05 high. It expects ((2)) to unfold in 3, 7 or 11 swings & remain supported at extreme area to resume higher in ((3)) of III. SCCO – Elliott Wave Latest Weekly View: SCCO – Elliott Wave Latest Weekly View: It

Perhaps because of the Treasury issue, traders are so busy with the VIX that it's rare to see the big stock order, by which I mean one that can determine the direction of the future.On May 9, there was a set of spread strategies (Sell in May? Sell put in May!) , is bullish on MSFT into September, but the volume is not heavy (only a few million) compared to previous trading and shows a lack of confidence in the stock rally (sell call hedge buy call) :But as the Treasury saga unfolded and more information became available, Wall Street bosses began to let loose:buy $MSFT 20230915 300.0 CALL$This order is very generous, with traders buying cal

Debt talks between Biden and McCarthy have gone from no progress to productive in the last 7 days and US stock market has experienced a roller coaster trend.Here’s the timeline of the negotiations between Biden and McCarthy:May 16: McCarthy Said There Was No Progress on Debt Ceiling TalksDetails: House Speaker Kevin McCarthy said Monday there’s been “no progress” on debt ceiling talks ahead of a meeting with President Joe Biden on Tuesday at the White House, as the country pushes closer to a crisis over the need to raise its legal borrowing limit.Compounding pressure on Washington to strike a deal, the Treasury Department on Monday left unchanged a deadline as soon as June 1 when the nation will have exhausted its ability to cover its debt payments, though Secretar

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Palantir's Price Action: How High Can It Go? Cathie Woods New Favorite Stock!

$Advanced Micro Devices(AMD)$ $Intel(INTC)$ $Taiwan Semiconductor Manufacturing(TSM)$ $Samsung Electronics Co., Ltd.(SSNLF)$ The semiconductor industry used to be highly cyclical. That’s because it was linked to the CPU cycle.Smart phones made demand less cyclical.Now, data centres, cloud computing, AI, 5G, electric/autonomous vehicles and gaming have made semiconductor demand even less cyclical.I’m talking about long term structural trends.I don’t see Micron $Micron Technology(MU)$ as an example of a high quality chip company.Is NVIDIA $NVIDI

It came as a “surprise” that China has decided to ban $Micron Technology(MU)$ chips from being imported into China, citing the “US often used alibi” of “national security” as the reason. This came about after a security review conducted by the Cyberspace Administration of China. The ban is on operators of “critical information infrastructure” in China from buying products from the US chip giant. China’s Top Semiconductor Chip Supplier: $Intel(INTC)$ Samsung SK Hynix Micron Technology - it is the 4th largest supplier of chips to the Chinese market. $Qualcomm(QCOM)$ What Is Unknown? With the announcement coming out of the blue, there are still many unknows: