Monday, December 9, 2019

Bitcoin Flies as Cryptos Catch Fire

Almost out of nowhere, Bitcoin (@XBT) is leading a rally in cryptocurrencies. The move began yesterday around 6:30 a.m. ET, apparently because some bearish traders reversed downside positions. Other tokens including Ethereum (ETHUSD), Bitcoin Cash...

Zuckerberg survived…now comes the hard work

This post is for education purposes only and should not be interpreted as a trade recommendation. Mark Zuckerberg is probably back in Menlo Park, California today. He survived two days of testimony in Congress about...

Suddenly energy is flying

Energy's gone from forgotten to en fuego quicker than you can say "missiles over Damascus." Crude oil (@CL) hit $67.45 this morning, its highest level in 2-1/2 years. It's up almost 8 percent on the week,...

Greenback on the skids?

This post is for education purposes only and should not be interpreted as a trade recommendation. Weakness in the U.S. dollar has been one of the top trends in the last year. Now might be...
Does U.S. Have the Upper Hand in Trade War? A Consensus is Emerging

The Middle Kingdom’s great leap forward

Today's decision by China to open its markets to U.S. goods lit a fire under the stock market. While a surprise in the short-term, it actually makes a lot of sense when you look...

China blinked, and the bulls are running

This post is for education purposes only and should not be interpreted as a trade recommendation. China blinked, and the bulls are running. Late last night, Xi Jinping said he will open the country's economy, cut...

Stocks slide lower, eye a precipice

Stocks whipsawed again last week but managed to defend a key level as investors await first-quarter earnings. The S&P 500 slid 1.4 percent between Thursday, March 29 (March 30 was Good Friday) and Friday, April...

Options report: Guess where the bears are shopping

JC Penney's having a rough decade. The 115-year old department store's suffered two major selloffs since 2010. It first crumbled from the $30s to the $10 range between 2012 and 2014. Then between late 2016 and...

Don’t forget about homebuilders

This article is not a recommendation and is intended for educational purposes only. A lot of things stood out in yesterday's big rally, but let's take a look at housing. The iShares U.S. Home Construction Index...

A look behind yesterday’s wild session

This article is not a recommendation and is intended for educational purposes only. Yesterday was a roller coaster for the market, but it could suggest volatility will ease. S&P 500 futures (@ES) began the session down...
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