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BlackRock’s Bitcoin holdings climb to $27.73 billion as Ethereum ETF outflows reach $7 million

BlackRock’s Bitcoin holdings climb to $27.73 billion as Ethereum ETF outflows reach $7 million

Key Takeaways BlackRock’s Bitcoin holdings have reached 403,725 BTC, valued at approximately $27.73 billion. Ethereum ETFs recorded a net outflow of 2,917 ETH over the past seven days, indicating a decline in market interest. Share this article BlackRock, the world’s largest asset manager, recorded a significant increase in its Bitcoin ETF holdings, reaching 403,725 BTC, […]
Four Stocks To Watch This Week – Monday, Oct. 28

Four Stocks To Watch This Week – Monday, Oct. 28

WiseTraders Weekly Watchlist: October 28, 2024 – November 01, 2024 A busy week for earnings with many interesting setups in the pre-earnings category.  Our pre-earnings indicator does show bullish pre-earnings sentiment, while our post-earnings indicator has been mixed so far, but this could change to more bullish. Best to stay cautious, and if you feel compelled to […]
Waiting To Exhale For The Transports

Waiting To Exhale For The Transports

Tomorrow marks the 95th anniversary of Black Tuesday when the Dow fell over 12% in a single day as the US economy transitioned from the Roaring 20s to the Great Depression. The Dow closed at 230.07 on 10/29/1929, but today it’s trading 185 times higher.As we say so often, when it comes to the stock market, you […]
FTSE Snaps Losing Streak But Sentiment Capped By Energy Names

FTSE Snaps Losing Streak But Sentiment Capped By Energy Names

Image Source: Pixabay U.K. equities edged up on Monday with the bluechip benchmark rising 0.6% ahead of Prime Minister Sir Keir Starmer’s new administration’s inaugural budget announcement on Wednesday and the highly anticipated monthly U.S. employment data release on Friday. In the lead-up to the Budget, British business confidence fell to a four-month low in October […]
Dow Poised To Snap Skid, Pops Over 300 Points

Dow Poised To Snap Skid, Pops Over 300 Points

Stocks are soaring today, as Wall Street finds footing ahead of a busy week of earnings. The Dow Jones Industrial Average (DJIA) is up 331 points midday, poised to halt a five-day skid. The S&P 500 Index (SPX) and Nasdaq Composite (IXIC) are also firmly higher, the latter a chip shot from another record high. […]
Elliott Wave Technical Analysis: British Pound/U.S. Dollar – Monday, Oct. 28

Elliott Wave Technical Analysis: British Pound/U.S. Dollar – Monday, Oct. 28

Photo by Colin Watts on Unsplash   GBPUSD Elliott Wave Analysis – Trading Lounge British Pound / U.S. DollarGBPUSD Elliott Wave Technical Analysis FUNCTION: Counter Trend MODE: Impulsive STRUCTURE: Orange Wave A POSITION: Navy Blue Wave 2 DIRECTION NEXT HIGHER DEGREES: Orange Wave B DETAILS: The ongoing Elliott Wave analysis for GBPUSD on the daily chart indicates a counter-trend structure featuring an impulsive wave (orange wave A) currently active […]
Robinhood debuts presidential election betting, stock climbs 4%

Robinhood debuts presidential election betting, stock climbs 4%

Key Takeaways Robinhood’s stock increased by 4% following the announcement of its election trading feature. The political prediction market’s volume surged 565% in Q3. Share this article Robinhood Markets (HOOD) saw its stock price increase by almost 4% to $28 after the US market opened on Monday, according to Yahoo Finance data. The rise followed […]
Busy Week Of Economic Reports Scheduled Ahead Of The Election

Busy Week Of Economic Reports Scheduled Ahead Of The Election

The last full week ahead of the US election is jam-packed with key economic reports. As a result, the potential for surprises that could sway voters is in high gear in the days to come. Here’s a quick rundown of the key releases this week.Tuesday, Oct. 29: Job openings for September are the main event. Openings […]
S&P 500 Earnings Dashboard 24Q3 – Monday, Oct. 28

S&P 500 Earnings Dashboard 24Q3 – Monday, Oct. 28

Image Source: Unsplash  S&P 500 Aggregate Estimates and Revisions 24Q3 Y/Y earnings are expected to be 4.3%. Excluding the energy sector, the Y/Y earnings estimate is 6.9%. Of the 184 companies in the S&P 500 that have reported earnings to date for 24Q3, 78.8% reported above analyst expectations. This compares to a long-term average of 66.9%. The 24Q3 Y/Y blended revenue growth estimate is 4.4%. If the energy sector is […]
Asian Stock: President Chain Store Corp

Asian Stock: President Chain Store Corp

TM Editors’ note: This article discusses a penny stock and/or microcap. Such stocks are easily manipulated; do your own careful due diligence.Company: President Chain Store CorporationBloomberg ticker: 2912 TTMarket cap: US$9,421mBackground: President Chain Store Corporation (PCSC) is part of Uni-President Group (1216 TT) and operates 7-Eleven in Taiwan, China, and Philippines. They also invest in retail formats, restaurants such […]