Market Notes: So far April, the best month of the year for indexes, has not disappointed. The major indexes continue to rally but the Russell 2000, which tracks the small caps, is lagging behind. Retail trading money has been shifting to crypto alt coins. Stock market volume is dead. Risk off for this Friday session. …
Market Notes: COIN made its debut yesterday and was met with a lot of excitement and volatility. It ended the day with a market cap near $60 billion. As a comparison, ICE the parent company of the NYSE has a market cap of $67 billion. Bitcoin has held up well and remains above $60,000. Markets …
Market Notes: Bitcoin has continued higher ahead of Coinbase’s (COIN) direct listing to Nasdaq. This morning the price peaked near $65,000. COIN has a reference price of $250 per share, a value that puts it in line with a recent round of private funding in the mid $60 billion area. I expect the price to …
Market Notes: Markets are continuing higher it appears. Small losses yesterday as earning season kicks off. Many are calling for earnings blow-outs this quarter but some concerns remain. Michigan is seeing a huge surge of virus cases and the CDC recommended shutting down… This despite the vaccines. On another front, there’s a preliminary report that …
Market Notes: Fed Chairman Powell said the economy is looking strong but warned that we could open too fast in a 60 Minutes interview. Markets are still strong. Friday we saw new record highs, the Russell 2000 is still lagging behind. Earning season could boost the market’s higher. Speculation is rising, Bitcoin is near record …
Watchlist: 4/12 Bitcoin, New Records, Powell Warning Read More »
Market notes: Looking back, the first quarter of the year was insane. The GME saga played out, NFTs were a hot sector for a couple of days, the Nasdaq went into correction, and volume spiked to astronomical levels. Comparatively, Quarter 2 is still boring. No overriding theme, the markets are near all-time highs, Bitcoin doesn’t …
Market Notes: The markets are at all time highs, but the volume is light, and day trading opportunities are few and far between. As much as I want to be risk on and trading there’s almost nothing to trade. So I’m going to stay patient and wait for the market to turn. The only thing …
Market Notes: The markets took a small breathe yesterday after outsized returns the day before. All this exactly in line with historical norms. April is typically the most bullish month of the year I expect the dip to be bought today. And futures are already up… Bitcoin is down a little bit this morning but …
Market Notes: Retail trading has plummets according to the Wall Street Journal’s reporting. Robinhood logins are down 35% in the past two months. And most have traders have accepted the stocks they are bag holding and will go down with the ship. Or back up… That means I expect the market to return to a …
Market Notes: April begins the last of the best six months and is also historically the best month of the year. I’ve noticed my scans have been improving and the VIX is at its lowest point in over a year as the SPY is sitting at all time highs. The federal government is poise to …
