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Bull Of The Day: Veeva Systems Inc.

Bull Of The Day: Veeva Systems Inc.

Veeva Systems Inc. (VEEV) is a cloud computing firm that serves the life sciences field, with clients stretching from pharmaceutical giants to biotech upstarts.Veeva posted strong fourth quarter results at the end of February and provided impressive guidance. VEEV stock has doubled the Zacks Tech sector in 2024 to retake some key moving averages. Yet Veeva […]
Market Blast – March 11, 2024 
                    
 

Market Blast – March 11, 2024  

Equity futures are lower this morning following the weekend as Friday’s session is spilling over to today. There may be some worry there with inflation reports for February set to be released early in the week.PixabayInterest Rates are mixed as bond buyers are picking up short duration products as a bargain, also with some short covering […]
Bitcoin Breaks All-Time Highs In An Impulsive Fashion

Bitcoin Breaks All-Time Highs In An Impulsive Fashion

Cryptocurrencies are in a massive rally with Bitcoin leading the way and there can be space for more gains, as we see an unfinished five-wave bullish cycle. Bitcoin with ticker BTCUSD is in strong and impulsive rally on the weekly chart after we spotted a completed wave (IV) correction at the end of 2022. We […]
Gold Makes New All Time High, But This Is Just The Beginning

Gold Makes New All Time High, But This Is Just The Beginning

This week, Gold set a new daily high in US Dollars just shy of $2,150. For those who have been holding the yellow metal for long, now might seem like an opportune time to sell – especially if you held through the brutal cyclical bear market from 2011-2016. However, I’d like to show you evidence that the […]
Bitcoin Rockets Past $71K, Sets A New ATH As Bitcoin Dogs ICO Approaches $10M 
                    
 
 
 
 

Bitcoin Rockets Past $71K, Sets A New ATH As Bitcoin Dogs ICO Approaches $10M        

Bitcoin (BITCOMP), the pioneer cryptocurrency, has soared to unprecedented heights, smashing through the $71,000 barrier and setting a new all-time high (ATH) at $71,525.75.UnsplashThe surge comes amidst a fervent buying spree, with Bitcoin’s price skyrocketing by 3% within a single hour during Europe’s Monday morning trading session.This remarkable rally underscores the resurgent bullish sentiment gripping […]
US Dollar And Bitcoin Commentary

US Dollar And Bitcoin Commentary

USD Falls Following Jobs DataBitcoin prices are back in the green on Monday with BTC futures breaking out to fresh all-time highs. The move comes amidst a weakening of the US Dollar on the back of a mixed set of US jobs data on Friday. While the headline NFP reading came in above expectations at […]
Amidst Pervasive Bullish Sentiment, Signs Of Exhaustion Show Up In US Equity Indices

Amidst Pervasive Bullish Sentiment, Signs Of Exhaustion Show Up In US Equity Indices

Amidst ecstatic bullish sentiment, major US equity indices last week exhibited signs of exhaustion. Confirmation is needed, but equity bears may have an opening here – duration and magnitude notwithstanding.PixabayAmidst ecstatic bullish sentiment, major US equity indices last week exhibited signs of exhaustion. Confirmation is needed, but equity bears may have an opening here – […]
Two Definitions Of Bubbles

Two Definitions Of Bubbles

An old Noah Smith Bloomberg column reminds me of how definitions can lead us astray.PixabaySmith points out that (in 2018) Bitcoin prices had recently crashed, after previously soaring to a peak of $19,000. He acknowledges that Bitcoin prices might boom again in the future, but nonetheless defines this as a “bubble”: But for ordinary investors, who don’t […]
ETFs With A High Closure Risk—The ETF Death List

ETFs With A High Closure Risk—The ETF Death List

The risk that a fund or ETF gets closed is a real risk as one can see from statistics on the activity of fund/ETF promoters regarding product closures (mergers and liquidations) and launches.Pexels But why is an unexpected fund/ETF closure a risk for investors? First of all, an investor may not find an appropriate replacement for […]
Bitcoin Soars Past $71k To New All-time High, Will It Hit $100k In 2024?

Bitcoin Soars Past $71k To New All-time High, Will It Hit $100k In 2024?

Bitcoin has obliterated all previous benchmarks to set a new all-time high of $71,092 on the Bitstamp exchange.This unprecedented surge comes at a time when the cryptocurrency industry is witnessing increased mainstream adoption and a significant influx of investments from both retail and institutional players. Bitcoin ETFs shineThe achievement follows the approval of several spot Bitcoin […]