$DIA $SPY $QQQ $RUTX $VXX The continuing uncertainty brought on by the C-19 coronavirus chaos may hamper the US economic rebound from instant recession, and more fiscal and monetary support will likely be needed, Boston Federal Reserve President Eric Rosengren said Friday. Mr. Rosengren repeated his view that the US unemployment rate will likely be […]
$DIA $SPY $QQQ $RUTX $VXX Over the past 2 wks the DJIA experienced its best day since Y 1933, which came on 24 March when the index gained 11.37%, as well as its 2 worst days since the crash on October 1987, which came on 12 March and 16 March when it marked 1 day […]
$XAU, $GLD, $GLX, $IAU, $GLDM, $BAR, $GS For investors seeking a safe-haven from the volatile stock market as trade disputes and global growth concerns persist are chasing the latest gold rush, growth is one of the most important factors to consider Gold prices last week topped $1,500 oz for the 1st time in 6 years, […]
$XAU, $GLD Gold markets broke down during most of the week but had a strong turn around to reach towards the bottom of the trend line marked on the chart below. Note: The trendline is much more visible on the daily, and suggests a potential Head & Shoulders pattern forming. That said, gold is setting […]
The S&P 500 gained 0.2% Monday a volatile trade. $DIA, SPY, QQQ, RUTX, VXX The benchmark index overcame a loss of 1.9% intra-day despite the uncertainty surrounding trade, growth prospects, the path of interest rates, and geopolitics. The DJIA rose 0.1% after being down as much as 2.1%, NAS Comp gained 0.7% after being down […]
In a Volatile Market Pay Attention, Keep Cool, Do Not Overreact $DIA, $SPY, $QQQ, $VXX Stocks rebound sharply off session lows, benchmark S&P 500 broke back above 200-day MA Heavily-weighted financial sector under-performs as yields decline across the curve Investors cautious ahead of Friday’s release of the April NFPs report Some tips for new investors that […]
DJIA +567.02 Pts After Testing Monday’s Lows $DIA, $SPY, $QQQ, $VXX The major US indexes surged Tuesday afternoon after testing to Monday’s lows. The sharp swings come 1 day after the steepest point fall on Wall Street in 6.5 years. Some are saying that investors are fearful that signs of rising inflation and higher interest […]
Bitcoin is Volatile within Uptrend Channel $BTCUSD Bitcoin’s Bullish momentum does not seem to be over despite this strong consolidation phase. The technical structure has shown a tremendous positive short-term momentum so far. Hourly support area located around 10775. In the short-term, the technical structure suggests further Bearish momentum. It is expected to show further […]
Bitcoin as Money, Is it or Is it Not? $BTCUSD A medium of exchange means people will give you things in exchange for it. And yes there are some places where people will give you real goods and services for Bitcoin, but not many. If Bitcoin is to compete with global currencies it needs a […]
August Markets: Stocks Often Declines as Traders Vacation $DIA, $SPY, $QQQ, $VXX It is August and markets are taking time to consolidate the recent big gainers. And this August US President Donald Trump threatens to leash Fire & Fury on NKorea. So, we are seeing the VIX wake up, as swings in stocks and junk […]
Tesla Model S (NASDAQ:TSLA) Catches Fire in France, Burns to Ground $TSLA A Tesla (NASDAQ:TSLA) EV (electric vehicle) caught fire during a promotional tour in southwest France, and those aboard escaped unharmed. A brand new Tesla Model S abruptly caught fire while prospective buyers were test-driving it as part of a event organized by the […]
Volatile Risk-on, Risk-off Market an Investor Headache $DIA, $SPY, $QQQ, $VXX The volatile “risk-on, risk-off” is giving headaches to investors who try to beat the market with traditional methods of measuring value, say analysts at multinational bank HSBC Holdings Plc. Risk-on assets rally when investors are upbeat and fall when the mood turns sour. Risk-off […]