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Bitcoin Clings Onto $62,000 Amid Extreme Market Volatility

Bitcoin Clings Onto $62,000 Amid Extreme Market Volatility

Oct 13, 2024 Finance, No picture 0

Image Source: Upsplash This Week’s Summary The cryptocurrency market looks set to end the week at a total market capitalization of $2.17 trillion. Bitcoin continued to trade at around $62,300. Ethereum experienced no changes and has stagnated at around $2,400. XRP moved down by 2%, Solana by 1%, and Dogecoin by 3%. Almost all altcoins have been seen trading in the red, […]
Another Trio Of Biotech IPOs Made Friday Debut

Another Trio Of Biotech IPOs Made Friday Debut

Oct 13, 2024 Finance 0

Image Source: LendingMemon.com via FlickrThe Partners Group-backed KinderCare sold 24 million shares for $24 each this past Tuesday. At the IPO price, the childhood education company had a market value of around $2.74 billion, based on the outstanding shares. Sky Quarry, Click Holdings, and SKK Holdings also opened for trading this week.Meanwhile, a new trio of biotech companies’ […]
FBGRX: A Growth Stock Fund For A Market Rallying On Four Positive Forces

FBGRX: A Growth Stock Fund For A Market Rallying On Four Positive Forces

Oct 13, 2024 Finance 0

Image source: PexelsUS stocks have been rising again. Tech gains recently helped push the S&P 500 to a record high, and the Dow Jones Industrials gained 432 points in Wednesday’s trading. The economic soft landing story has gained more traction in recent days. One domestic stock fund I like is Fidelity Blue Chip Growth Fund (FBGRX), writes Brian Kelly, […]
Swing Trading Delta, Comerica

Swing Trading Delta, Comerica

Oct 13, 2024 Finance, No picture 0

Image Source: UnsplashIn this brief video, I review some swing trades setups as we transition into a big earnings period.00:05:56More By This Author:Managing Risk With Our WatchlistsMajor Markets July ReportMajor Markets June Report
Pairs In Focus – Sunday, Oct. 13

Pairs In Focus – Sunday, Oct. 13

Oct 13, 2024 Finance 0

Image Source: Pixabay AUD/USD The Australian dollar’s performance was somewhat lackluster during the week, but it now appears to be attempting to bounce. It is worth noting that the market could be forming some type of base. If the market were to break above the 0.6850 level, and perhaps even more importantly, the 0.6925 level, then buyers would certainly continue […]
The Short-Term Downtrend Is Unclear

The Short-Term Downtrend Is Unclear

Oct 13, 2024 Finance 0

Image Source: PixabayFriday was a big day in the market, as shown in the chart below. The NYSE had formed a tight consolidation that resulted in a forceful breakout to new highs. This looks quite bullish to me.The PMO Index showed a convincing short-term momentum downtrend for most stocks, which started on Oct. 3 (note that a downtrend includes […]
Weekly Technical Update: Nasdaq 100 – Sunday, Oct. 13

Weekly Technical Update: Nasdaq 100 – Sunday, Oct. 13

Oct 13, 2024 Finance, No picture 0

Image Source: PexelsThis week my focus is primarily on what I am anticipating to be a stronger rally. The Nasdaq looks nearly ready to release a “coiled spring” to the upside. If this is correct, expectations would be for a quick surge higher that could easily break to new all-time highs.00:28:29More By This Author:Nasdaq 100 & S&P 500 Elliott Wave Update […]
Gold – Pullback As A Springboard

Gold – Pullback As A Springboard

Oct 13, 2024 Finance, No picture 0

Image Source: Unsplash In recent weeks, gold has experienced significant fluctuations, marked by an impressive rally and subsequent pullback. As the price of gold reached new heights, investors have been keenly observing the dynamics at play. This article delves into the recent movements in gold prices, analyzing key milestones, market consolidations, and the factors influencing these […]
Russia Set To Launch Central Bank Digital Currency For Public Use

Russia Set To Launch Central Bank Digital Currency For Public Use

Oct 13, 2024 Finance 0

Image Source: Pexels Russia plans to introduce central bank digital currency for public use next year. This is another step forward toward a completely cashless society and a step backward for financial privacy. According to a press release from the Bank of Russia, digital rubles will be available to the public by July 1, 2025, and the system will […]
Where Gold Prices Are Headed Next

Where Gold Prices Are Headed Next

Oct 13, 2024 Finance 0

Image Source: Pixabay Gold prices have continued to hit fresh highs in 2024 due to a wide range of factors — from escalating geopolitical risks and the interest rate outlook to budget deficit concerns, inflation hedging and central bank buying.Gold’s blistering rally this year was partly fueled by expectations the Federal Reserve (Fed) would cut interest […]