Market Notes: The market is at record highs. Bitcoin continues to hover in no man’s land. And the Dogefather is going on SNL in just over a week. New jobless claims missed “expectations” but are at a pandemic low. Still a long way from normal levels, the trend is in the right direction. Markets remain …
Market Notes: AAPL and FB surged after reporting blow-out earnings. Breaking a trend of earnings beats and falling share prices. The markets dipped slightly yesterday but futures are pointing towards a higher open, likely at record high levels. Retail is still making waves in the market as Dogecoin is moving up slowly. MVIS is holding …
Market Notes: Earnings season is in full swing. Big names like MSFT and TSLA reported great numbers… And saw their share price fall. PINS fell 10% on an earnings beat. GOOG/GOOGL seems to be the only exception rising ~5% on good numbers… More and more it’s showing me that huge numbers were already priced in …
Market Notes: TSLA reported record profits and fell 3% in after-hours trading. Another surprise announcement was that the company had sold 10% of its stake in Bitcoin, to prove the liquidity. Musk said he retaining his personal investment (0.25 bitcoin if my memory serves me correctly). Bitcoin is holding in no man’s land…. Above the …
Market Notes: Taxes are were the talk of the town but the market erased the losses from the potential increase on Friday. Bitcoin is holding up better than I expected. I’m bearish on crypto right now. Looking to add to long term positions. This is the last week of April. I’m watching for a rally …
Market Notes: Reports came out yesterday afternoon that the Biden administration is planning to float the idea of increasing the top tax rate (incomes of $500k and up) from 37% to 39.6%. A small increase… But the kicker is he allegedly wants to increase long-term capital gains tax to the same rate, from 20%. Treasury …
Market Notes: Yesterday’s session was a little odd. Everything that was flying earlier in the year bounced. Many giving a buy signal with a bullish engulfing pattern. I’m not rushing to buy anything just yet. But the signal was bullish for the market too, a slight shift that could point to a risk on mindset. …
Watchlist: 4/22 Everything Bounce, Shipper Set Sail Read More »
Market Notes: Another day of selling as earnings season kicks into high gear. NFLX missed a lot of expectations and fell dramatically in after-hours trading. I take this as a sign that lockdown plays are pretty much dried up. The indexes have slipped over the past few days as the broader sell-off continues. Less than …
Market Notes: Bitcoin continues to hover in the mid 50’s. Meanwhile the joke Dogecoin is near all time highs. The internet decided to make the former weed holiday into dogeday this year… Fitting for the year of the meme. Markets are still boring so the fact that retail is chasing Dogecoin isn’t too surprising. It’s …
Market Notes: Bitcoin fell nearly 20% off of recent highs over the weekend. Cracking the 50 days moving average for the first time in more than six months. If the downtrend continues Bitcoin could go into a bear market for the third time this year. I remain bullish on Bitcoin for now. Stocks are continuing …
