Market Notes: Yesterday was another slow day. New unemployment filings continue to fall but are still double the rate we expect to see in a healthy job market. The markets finished the day mostly flat. Crypto is falling this morning. WallStreetBets is the only hot trades in the market right now. AMC is leading the …
Market Notes: The market is rather muted after some excitement around the meme stonks yesterday. I managed to take some of AMC when it gave a nice setup. The broader markets are rangebound near all time highs. I think we stay in this area for another day or two. Volume is typically light and boring …
Market notes: AMC, GME, KOSS, and others roared back to life yesterday. I’ve got one on my list this morning. Short squeezes are the apparent reason… Some traders never learn… Bitcoin broke out above $40K this morning. Will be watching to see if it can hold that level. The broader markets continue sideways movement. A …
Market Notes: After weeks of “inflation fears,” the stock market had a strong rally yesterday. It appears those fears have magically disappeared… Gimme a break they never existed… Bond markets were steady the whole time. Don’t listen to the talking heads… The VIX dropped back below 20, a positive sign for the bulls. Oil is …
Market Notes: Crypto markets continued lower over the weekend as sellers are outnumbering buyers. Most in the space are still bullish on crypto in general but I believe much of the new money is having its first reality check. I remain bullish on Bitcoin… I have little faith in the altcoins. But never say never… …
Market Notes: Bitcoin appears to be stabilizing in the low $40K. The chart looking bullish at the moment. Dogecoin is trending down but being supported by Elon Musk and his Twitter account. What is CyberViking? The stock market appears to have put in a double bottom and could continue a bullish trend today. I suspect …
Watchlist: 5/21 Bitcoin, Dogecoin, and The Double Bottom Read More »
Market Notes: It was an epic collapse, it happened so fast… Bitcoin fell more than 50% off of record highs and showed many weaknesses. Like any good sell-off, it triggered margin calls. A reported $8 billion worth of liquidations was triggered as the price fell early yesterday morning. Many crypto exchanges were overwhelmed and buyers …
Market Notes: The markets are dropping. The major indexes fell about 1% yesterday and futures are all pointing towards another decline. The Crypto market is in free-fall mode. I’ve made a few small purchases but still think it can go lower. I’m looking to add bitcoin between $30K and $15K. If you’ve followed crypto from …
Watchlist: 5/19 Inflation Fears… Buy More Dollars? Read More »
Market Notes: Crypto markets appear to be stabilizing, the overall trend does appear bearish at the moment. COIN fell below $250, its initial list price. Dave Portnoy jumped on the Safemoon bandwagon. Elon Musk’s Twitter account is boring this morning. There are ew bets for and against TSLA. WallStreetBets is making a play at AMC, …
Market Notes: Elon Musk…. (again, I know) took to Twitter and suggested TSLA may sell its bitcoin holdings. The crypto market reacted with a violent sell-off. The dip is currently being bought. Dogecoin is holding up strong. Earnings season continues as we enter May’s expiration week. As things are getting back to normal I’m watching …
