Market Notes: The first quarter of 2021 will end today. The overall trend appears positive, but it’s been a wild ride… The Dow is near all-time highs, the Nasdaq went into correction. Bitcoin posted several new all-time highs and went into bear market twice… And a new infrastructure bill will start to make its way …
Market Notes: One of the largest margin calls ever, happened last week, a hedge fund appears to have blown up in spectacular fashion. Banks liquidated huge blocks of VIAC and other stocks when Archegos Capital failed to produce enough cash… Markets seem unphased right now as the upward grind continues. Yesterday was a bit choppy …
Market Notes: The Suez Canal is partially unblocked this morning, Egyptian Authorities expect to have it the rest of the way open within a day or so. Amazing what can happen when we build outside of contingency plans… Oil prices remain steady. Visa announced is set process payments with USD Coin a cryptocurrency tied to …
Watchlist: 3/29 Suez Opening… The Visa Bitcoin Connection Read More »
Market Notes: Yesterday’s trend took a while to become established as the range extended four times before a strong bull rally into the close. Meme stocks and bitcoin appear to be bouncing. Will the bounce be a dead cat? Time will tell… I remain bullish on Bitcoin and added on the dip yesterday. Speculation is …
Market Notes: The Suez Canal (in Egypt) is blocked for the first time in its 150+ year history. One of the world’s largest container ships managed to wedge sideways blocking access from both sides. Recovery efforts are underway but there is no timeline for reopening. Oil rose sharping yesterday, peaking at about +6% before fading. …
Market Notes: NFT plays are still the hottest stocks in the market. I haven’t gotten the right setup so I’m on the sidelines for now. I’ll be watching again for the right risk/reward and pattern. Market’s are bouncing after an across the board ~1% sell-off yesterday. Oil, Gold, Bitcoin, and futures are all higher this …
Watchlist: 3/24 Stocks Recovering, Europe Struggles Read More »
Market Notes: Twitter CEO Jack Dorsey has sold his first Tweet as an NFT for $2.9 million. This is the hot sector as far as I’m concerned, TKAT is leading the way, YVR is on my watchlist. The VIX reached a 52-week low as markets gained yesterday. Conditions are still ripe for a weak ending …
Market Notes: The end of March is typically weaker than the beginning. I’ve had trouble gaining much traction at all in March so I’m shifting to a complete risk-off approach. Markets are showing signs of weakness. Concerns over rising virus numbers and inflation still remain. Bitcoin is hovering near all-time highs. Futures are mixed. I’m …
Market Notes: Good morning it is the first triple witching Friday of the year, and markets are dicey. Everyone is bullish, the Fed is Dovish and yet the markets are unable to hold their gains. Yesterday we saw heavy selling near the end of the day. The main concerns are Europe’s vaccine rollout stumble has …
Watchlist: 3/19 Nothing to See Here… Europe Shuts Down, Bonds Rise Read More »
Market Notes: The market received the FOMC projection and Powell’s press conference well. The DOW and SPY closed at all-time highs and while the Nasdaq is picking up some steam. If you paid attention to the small caps you saw NFT related plays explode on pure speculation. The true signs of a hot sector. I’m …
