Market Notes: The promotion is continuing as Elon Musk declares that he is pro-crypto but doesn’t want to increase the burning of fossil fuels, especially coal. He called developments with DOGE “promising” and finished tweeting with a note image containing two words, “don’t panic.” This morning DOGE is back above $0.50 and bitcoin is hovering …
Market Notes: Markets continued to sell off yesterday, and the VIX spiked too. The crypto market joined after Elon Musk tweeted out that TSLA would no longer accept bitcoin as payment for its cars. There are very few opportunities in the market right now. OTC stocks continue to surprise me with volume so that’s where …
Market Notes: The gas shortage on the east coast has drivers in panic mode. I’m in North Carolina and have seen long lines at the pumps and yellow bags on handles. The pipeline could give us an update as soon as today. Meanwhile Tesla drivers are laughing at the rest of us… Markets appear to …
Market Notes: The Nasdaq Composite led the way down yesterday and continues to put a drag on the overall markets this morning. Many of the old WallStreetBets favorites has taken a beating, TSLA, PLTR, SPCE… Russian hackers have taken down the largest pipelines in the US. Fuel prices are on the rise, airplanes at CLT …
Market Notes: Ethereum is at new all time highs above $4000 this morning. Dogecoin has crapped out after SNL but the market still loooks strong. Crypto stocks are coming back into play in the OTC market. Will be watching for that to translate to the Nasdaq. I’m watching low priced play only though. Too many …
Watchlist: 5/10 The Only Market That Matters -Crypto Read More »
Market Notes: All eyes will be on the April jobs report today as new unemployment filings continue to fall. It will be out at 8:30 eastern. The Dow posted another new record high close ahead of the report. Large caps continue to grind higher… Crypto remains healthy headed into the weekend. Dogecoin is holding up …
Market Notes: Crypto remains hot as interest in one fades it appears traders are headed back into the old. Bitcoin has recaptured the 50 day moving average and I remain bullish on the whole market. Ethereum and Dogecoin have stalled near all time highs. The stock market is still pretty boring. Few stocks are rewarded …
Market Notes: US Treasury secretary Janet Yellen suggested interest rates would need to rise in order to keep the economic boom in check. She was offering a vote of confidence to the recovery, but apparently, everyone wanted a reason to sell. May traditionally marks the beginning of the worst six months, the sell-off was relatively …
Watchlist: 5/5 Yellen Gives Reason to Sell in May Read More »
Market Notes: The broader markets were slow and muted after gapping up yesterday. The Nasdaq closed down while the Dow and SPY held some of their gains. The real winners were in the biotech sector moving on COVID related news. A sector that’s been cool to the touch for months. On the crypto side of …
Watchlist: 5/4 COVID Stocks, Crypto Alts, and Shippers Read More »
Market Notes: Markets are starting May on a positive note. I remain risk off as the market is just not making strong moves on the small-cap side of the house. And May is traditionally the start of the worst six months. Bitcoin has broken out above the 50 day moving average. I am bullish on …
