Market Notes: 2 days in a row and very few stocks are meeting my criteria. It’s still summer, even the markets have finely taken notice. Futures are pointing towards a red open for the second day in a row. Bitcoin and the crypto rally are still holding up strong. I’m watching DOGE and EGLD for …
Market notes: Happy Monday and what a weekend it’s been. The crypto rally continues to hold strong and Dogecoin (DOGE) is leading the way, trading above $0.34 at writing. Its highest level in 2 months. The meme crypto was boosted over the weekend with tweets from Mark Cuban and Elon Musk. The news cycle is …
Market Notes: All crypto/bitcoin is a very speculative asset. It’s extremely volatile, so anything you put in you should be prepared to lose. But the case for crypto remains strong. And it provides an overview of the market’s risk tolerance. Waking up to find bitcoin back above $46,000 told me the market’s poised to make …
Maret Notes: Seeing some divergence among the big indexes. DOW and SPY are green while the NASDAQ is red two days in a row now. About a 50/50 split between stocks above and below their 50 day moving average. It’s still summer… SPACs, both new and old, are lighting up the board. MVST soared earlier …
Market Notes: The bipartisan infrastructure bill passed the Senate yesterday and now heads to the house. The $1 trillion bill adds $250 billion to the deficit over the next ten years. Its future is uncertain in the house as progressives have already come out against it. But since it’s bipartisan it could pass without them. …
Market Notes: The indexes sit at all-time record highs while more than half of stocks continue to trade below their 50-day moving average. There doesn’t appear to be any major catalyst driving the overall market. Earnings season continues to trudge on. Bitcoin is grinding higher this morning too as the crypto market surges. Small caps …
Market notes: Washington’s nearing a deal on the $1 trillion infrastructure bill. It would increase the deficit by $250 million over the course of 10 years. But the new spending is usually a positive sign for markets. Our speculative bubble is far from popped … Bitcoin and the crypto world stay extra bullish over the …
Market Notes: At writing the S&P 500 is pointing towards a record high open. This is despite the beginning of August traditionally being a weak period for stocks. The larger indexes are moving higher, most stocks still lag behind. About 55% are below their 50 day moving average, but that is down from 60% yesterday. …
Market Notes: As earnings season rolls on the misses are being punished more than the beats rewarded. ETSY, GM, UBER, ROKU are all trading lower this week. HOOD took the market by storm, with a major short squeeze at the open yesterday making it the latest great meme stock. Robinhood users reported trading restrictions … …
Market Notes: Bitcoin has retreated from its highs as the SEC asked Congress for tools to regulate the industry. While the falling price appears negative in the long run regulation means more adoption. I believe the news is bullish. Stocks moved higher yesterday although large-caps are well above the rest of the market. More than …
