Category Archive: Finance, No picture
S&P 500, Nasdaq Rise Sharply Ending 3-Day Losing Streak; Viking Therapeutics Surge, While Capri’s Shares Slump
Image Source: Unsplash S&P 500 and Nasdaq rise sharply on Friday as Treasury yields slide. Shares of Viking Therapeutics surged on Friday after the company beat its third quarter earnings expectations. Crude oil prices head for weekly gains on geopolitical tensions after dropping 7% last week. US benchmark equity averages rose on Friday as the market […]
Previewing Big Tech Earnings
Image Source: Unsplash Tesla (TSLA – Free Report) kicked off the Q3 reporting cycle for the Magnificent 7 companies in style, with significant gains on the margins front raising hopes that competitive pressures may have started to ease. Tesla’s issues have always been unique, not providing any read-through to the five Mag 7 peers that are coming out […]
AskSlim Market Week – Friday, Oct. 25
Photo by Nicholas Cappello on Unsplash Technical and cycle analysis, and market commentary.Video Length: 00:39:02More By This Author:AskSlim Market Week – Friday, Oct. 19AskSlim Market Week – Friday, Oct. 4AskSlim Market Week – Friday, Sep. 27
Good Trading Is About To Get Better
Image Source: Unsplash The S&P 500 and Dow are closing out the week with losses, despite a few up days here and there. The Nasdaq on the other hand is up… oooh… a whopping 0.35% in the past five days. As I’d say on any given morning, “massively unchanged!”Most of that Nasdaq gain is because Tesla (TSLA) kicked […]
Not All Crypto Is Created Equal
Image Source: Unsplash In the crypto space, Bitcoin and Ethereum are considered two of the most credible with market caps of $1.3 trillion and $300 billion, respectively. While there is a tendency for many investors/speculators to lump the two together as highly correlated to each other, that has been far from the case over the last […]
Japan’s financial group pushes for Bitcoin and Ether for crypto ETFs
Key Takeaways Japanese financial institutions propose crypto ETFs focusing on Bitcoin and Ether. Proposals include reevaluating tax policies on crypto income. Share this article A coalition of Japanese companies has proposed that discussions regarding the establishment of crypto ETFs should focus on major tokens such as Bitcoin and Ether. This initiative comes as Japan considers whether […]
Softs Report – Friday, Oct. 25
COTTON General Comments: Cotton was lower yesterday as export demand remains weak and the US Dollar was strong. Trends are mixed in this market. China moved to lower interest rates again and there are hopes this move will help restart the economic engine there. Real estate has been the big problem there. There are still […]
What’s Behind The Recent Rise In U.S. Treasury Yields?
Image Source: Unsplash On the latest edition of Market Week in Review, Director of Investment Strategies, Shailesh Kshatriya, unpacked the potential factors driving the sharp increase in U.S. Treasury yields. He also provided an update on third-quarter earnings season and the Bank of Canada’s (BoC) latest decision on rates. Two potential factors pushing up Treasury yields […]
Tesla Trend Break
Image Source: Unsplash Well, it finally happened. Tesla (TSLA) broke above its long-term resistance line. In addition, I think there are a makings of an inverted H&S pattern here, which is bullish. Since a certain someone in my life has a ton of this stock, I celebrate the news. Here’s the longer-term view. I suspect the […]
MicroStrategy stock reaches 25-year high at $245 ahead of Q3 earnings report
Key Takeaways MicroStrategy’s stock reached a 25-year high of $245 ahead of its Q3 earnings report. The MSTR/BTC Ratio hits a record high, reflecting strong performance relative to Bitcoin. Share this article MicroStrategy (MSTR) stock surged after the US markets opened Friday, rising from around $235 to $245, its highest level over the past 25 […]
