As i wrote about a month ago, technical analysts I was speaking with saw bitcoin setting a floor at $8K market and would build off that.
It bounced numerous times off the $8k mark and put a floor in at $6,500 before moving higher. Continue reading
Before you could figure out how the market would react this morning to flat retail sales for the holiday quarter, Dow futures were up bigly on Wednesday.
Then before you could look up the definition of inflation this morning, the market was down “bigerly” on the Consumer Price Index report. Continue reading
Please excuse the sporadic posting, still in great pain as a result of my spinal surgery.
Stock markets around the world are back to rally mode with the exception of Japan.
The Olympic euphoria has even creeped into the cryptos with bitcoin up 10% for the day. Continue reading
SPECIAL SATURDAY POSTING
What the hell is going on in the stock market this week?
The Dow Jones index had a 1,000 point or 3% ride on Friday before settling up 330 points up 1.4%. over the course of the 5 days of trading there was a 6% range from highs to lows. Continue reading
Some Wall Street analysts and traders like what they see it bitcoin on Thursday.
But say you can’t look at it like a stock because with bitcoin there is always another shoe that can drop. Continue reading