January Manufacturing PMI: Business Confidence Surge (50.9)
The Manufacturing PMI (Purchasing Managers’ Index) is an important economic measure from the Institute for Supply Management (ISM). It shows the health of the manufacturing sector by collecting data from purchasing managers at different manufacturing firms across the U.S. The PMI is a combined index that includes new orders, production, employment, supplier deliveries, and inventories. […]
The Ultimate Guide to Triangle and Wedge Chart Patterns
Triangles are one of those concepts that pop up everywhere—whether you’re solving a geometry problem or analyzing stock charts. Yes, they’re not just for math class! In technical analysis, triangles are among the most common and powerful chart patterns traders use to predict market movements. But here’s the catch: a triangle isn’t just a single […]