“The cryptocurrency industry builds on it yearly successes and continues to strengthen its position as a Key alternative to traditional fiat (paper) currencies and financial institutions“– Paul Ebeling
Elon Musk’s preferred cryptocurrency, dogecoin, is recognizable from its trademark picture of a dog and that may be a fitting mascot for a new class of traders looking to be this generation’s more domesticated Wolves of Wall Street.
The Big Q: Is cryptocurrency the future or a passing fad?
The Big A: As any cryptocurrency holder knows, blockchain technology has a wealth of applications to apply to enhance operations within any global industry.
Tuesday, the Benchmark US stock market indexes finished at: DJIA -473.66 at 34269.16, NAS Comp -12.43 at 13389.46, S&P 500 -36.33 at 4152.10. The Russell 2000 decreased 0.3%.
Volume: Trade on the NYSE came in at 995-M/shares exchanged
HeffX-LTN’s overall technical outlook on the major US stock market indexes is Bullish to Very Bullish in here
- DJIA +12.0% YTD
- Russell 2000 +11.8% YTD
- S&P 500 +10.5% YTD
- NAS Comp +3.9% YTD
Looking Ahead: Investors will receive the Consumer Price Index for April, the Treasury Budget for April, and the weekly MBA Mortgage Applications Index Wednesday.
Have a healthy day, Keep the Faith!