Well, Bitcoin is at it again on Friday, climbing something like $350 in the space of a couple of hours, rising above $8,100. This comes on the heels of Thursday morning’s truly absurd ascent that saw prices spike more than $1,000 in minutes. Who knows what’s behind this, but whatever it’s worth, Fundstrat’s Tom Lee (more on Tom’s…
After opening the day in green, share markets in India witnessed volatile trading activity throughout the day and ended the day on a positive note. Sectoral indices traded on a mixed note, with stocks in the metal sector and stocks in the pharma sector, leading the gains. At the closing bell, the BSE Sensex stood higher by 92 points (up 0.3%) and the NSE…
As DB’s Jim Reid says this morning, “Welcome to Friday 13th. As everything is so calm and stable in the world at the moment what could possibly go wrong today?” As of this moment, not much judging by the solid bid in overnight markets. Are stocks getting trade and/or “hot” war burnout on this Friday…
Bear markets can be very appealing to traders. Volatility is very high during bear markets, with the market often moving up and down a few percent in any given day. Short term and swing traders dream of vast profits when they try to catch these fast uptrends and downtrends. Although it is possible to make…
One of the unspoken delights in life is the rich satisfaction that comes with bearing witness to the spectacular failure of offensive and unjust system. This week served up a lavish plate of delicious appetizers with both a style and refinement that’s ordinarily reserved for a competitive speed eating contest. What a remarkable time to…
Friday’s stock picks Take a look at three trading ideas to prep you for the next trading session. Long Salesforce (CRM) Long USG Corp (USG) Short Southwest Airlines (LUV)
Gold failed at resistance Wednesday but remains in position to breakout anywhere from very soon to in the summer. Its increasing relative strength has brought it very close to a breakout. Meanwhile, the stocks are trading in tighter and tighter ranges and are set to move up aggressively and sustain it if Gold can close…
BTC/USD Bitcoin rallied significantly during the trading session on Thursday, breaking above the 7600 level and gaining 10%. This is a major move as the market has been so soft. However, when you look at the daily chart you can see that even if we bounce from here, in the big scheme of things it…
NVIDIA (NVDA Stock): Buy Rating, $360+ Target. We recently spoke with the company. Our take is that core gaming can offset all the crypto-NVIDIA bear fears. And lookie-lookie; Bitcoin just broke a downtrend. Crypto-NVIDIA bears: you’ve been warned. Let’s get into it. One Thing Matters This Quarter: The Gaming Line Item In looking at our model the main…
The monetary distortions, imbalances and perverse incentives are finally bearing fruit: trade wars. What ignites trade wars? The oft-cited sources include unfair trade practices and big trade deficits. But since these have been in place for decades, they don’t explain why trade wars are igniting now. To truly understand why trade wars are igniting and spreading,…
