Market Notes: It’s the last day of the month. It’s Friday. An infrastructure bill is on the horizon. And Trevor Milton (founder of NKLA) is finally getting what’s coming to him. But all the good news in the world isn’t enough to boost the market it seems. It’s summer and August is almost here. Traditionally …
Market notes: Robinhood’s (HOOD) long-anticipated IPO is finally here. The unicorn’s valuation is near $32 billion. Interestingly the price of $38 per share is at the bottom of the range. Yesterday the unrelated Duolingo (DUOL) began trading and popped 35%. I think the environment is ripe for a strong first day. I believe interest in …
Market Notes: It was a day of selling on Wall Street but Bitcoin is showing more signs of life. Reaching above $40,000 for the second time this week. Technicals look great right now. The bull market may return in a big way … Keep your laser eyes peeled. Stocks fell yesterday, with tech leading the …
Market Notes: July is wrapping up with some volatility. Nothing major but just enough to remind us of the market’s seasonality. Futures dropping overnight again after markets posted new records. Bitcoin is holding in the high $30,000. Amazon (AMZN) denied plans to start accepting it as payment but the job listing remains active. The low …
Market Notes: Amazon (AMZN) is actively seeking to hire a “Digital Currency and Blockchain Product Lead” follow the link to apply. The tech powerhouse is entering the crypto market in some way. Bitcoin and crypto prices have surged higher on the news. At writing, bitcoin’s price stands near $38,000. Above the 50 and 200 day …
Market notes: Earnings season is in full swing and we have the first real surprise. SNAP and TWTR smashed all expectations as users and profits for both companies soared. Both stock prices are up in the pre-market. Personally, I didn’t even download the Snapchat app onto my current phone. But hey the numbers are what …
Market Notes: Futures are up again this morning just a little bit though. Looking at the chart it’s as if the last week didn’t even happen. Markets are basically flat. Bitcoin is recovering from its dip below $30K. Elon Musk keeps stirring the pot too. He said TSLA could start accepting bitcoin as payment again …
Market Notes: After the 3% sell-off, the media blamed the Delta variant … The only problem was its old news. It’s there it’s not getting better but the market doesn’t care. Yesterday rising support held and markets recovered all day. Inflation is still rising, Delta is still spreading. The market doesn’t care. The real story …
Market Notes: After three days of selling, the markets are bouncing higher this morning. Rising support looks to be holding … The melt-up continues. Bitcoin is below $30K at writing. The death cross is looming, and I’m waiting for a bigger breakdown. Oil prices are down, and gold is stable. It’s summer, and the markets …
Market Notes: Warren Buffett saying time … “Be fearful when others are greedy, be greedy when others are fearful.” Markets appear scared. Selling down 1% on Friday and futures are pointing towards another 1% drop this morning. London’s FTSE is leading the way, down about 2% at writing. PM Johnson is in isolation after contact …
