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Bitcoin Nears $69,000 As The Market Goes On A Bull Run

Bitcoin Nears $69,000 As The Market Goes On A Bull Run

Image Source: Pixabay This Week’s Summary The cryptocurrency market looks set to end the week at a total market capitalization of around $2.35 trillion. Bitcoin increased by over 9% to trade at around $69,000. Ethereum moved up by over 7% to trade above $2,600 again. XRP moved up by 2%, Solana by 8%, and Dogecoin by 28%. Almost all […]
The One-Minute Market Report – Sunday, Oct. 20

The One-Minute Market Report – Sunday, Oct. 20

Image Source: PixabayIn this brief market review, we will take a look at the various asset classes, sectors, equity categories, ETFs, and stocks that moved the market higher, as well as the market segments that defied the trend by moving lower. Identifying the pockets of strength and weakness allows us to see the direction of significant money […]
Stock Market Unwind Season Has Finally Arrived

Stock Market Unwind Season Has Finally Arrived

Stocks experienced a volatile trading session on Friday, with the market fluctuating before finishing higher but still remaining within the range of the past few days. In the Nasdaq, it’s becoming more evident that a rising wedge pattern is still intact, and there’s now a possibility of a diamond top forming. A similar setup occurred in mid-July, marking the peak […]
Self-Driving Startup Pony.ai Files For U.S. IPO

Self-Driving Startup Pony.ai Files For U.S. IPO

Image Source: Kevin Smith on FlickrSelf-driving startup Pony.ai of China filed for an IPO in the U.S. this week. Meanwhile, four companies — Springview Holdings, Oriental Rise Holdings, PTL Limited, and Samfine Creation Holdings Group — saw their stocks open for trading. Latest IPOs and Direct Listings Springview Holdings Ltd (SPHL) opened on Oct. 17 at $5.00. The […]
Weekly Technical Update: S&P 500 – Sunday, Oct. 20

Weekly Technical Update: S&P 500 – Sunday, Oct. 20

Image Source: PixabayIn this video, I discuss what could disrupt the current rally before the stronger start to year-end portfolio adjustments move ahead in full force.00:19:29More By This Author:Nasdaq 100 & S&P 500 Elliott Wave Update – Thursday, Oct 17Nasdaq 100 & S&P 500 Elliott Wave Update – Wednesday, Oct 16Nasdaq 100 & S&P 500 Elliott Wave […]
Friday’s Price Action Pushed The Market To New Highs

Friday’s Price Action Pushed The Market To New Highs

Image Source: PexelsLast Friday’s break out of a well-defined short-term consolidation was followed by a nice-looking push to new highs. This is a bullish indicator.The PMO index is back at the top of its range. When the PMO is at this level, I start to raise some cash in order to capture profits and to have some […]
Bullish Indicators Galore, But Stocks Overbought In Short Term

Bullish Indicators Galore, But Stocks Overbought In Short Term

Image Source: Pixabay Bullish signals were everywhere this week. The S&P broke above it rising wedge. It retested support & then made new highs. And buy signals on both a daily and a weekly basis have been recently triggered.All this bodes well for a strong end to the year, predicts portfolio manager Lance Roberts…except that in […]
Various Assets Extend Their Hot Streaks Can It Continue? (You Might Be Surprised)

Various Assets Extend Their Hot Streaks Can It Continue? (You Might Be Surprised)

We hope that you had a good week and were able to profit from the various markets that continued to move higher.If you are following any of the MarketGauge models, including but not limited to the ETF Sector Plus, Profit Navigator, GEMS, Small & Midcap Earnings Growth or a few others, then hopefully this recent […]
How Taylor Swift’s Merch Could Give Target An Edge Over Costco

How Taylor Swift’s Merch Could Give Target An Edge Over Costco

Image Source: Unsplash Costco (COST) may have gold bars, but Target (TGT) is banking on its own kind of gold: Taylor Swift merchandise.The retailer announced exclusive Taylor Swift products for release on Black Friday, including a vinyl, CD, and a special book chronicling the singer’s experiences during her blockbuster Eras Tour.The move is part of Target’s […]
Currency Speculators Continue To Reduce US Dollar Index, Canadian Dollar Bets

Currency Speculators Continue To Reduce US Dollar Index, Canadian Dollar Bets

Here are the latest charts and statistics for the Commitment of Traders (COT) data published by the Commodities Futures Trading Commission (CFTC).The latest Commitment of Traders (COT) data is updated through Tuesday October 15th and shows a quick view of how large market participants (for-profit speculators and for-profit speculators) were positioned in the futures markets. All currency positions are in direct relation to […]