Category Archive: Cryptocurrency, No picture
Congressman Khanna backs Bitcoin strategic reserve as Democrats seek a ‘crypto reset’
Key Takeaways Bipartisan support emerges for using seized Bitcoin as a US strategic reserve. Proposal likened to Louisiana Purchase, highlighting its potential impact. Share this article Support for a strategic Bitcoin reserve is gaining bipartisan momentum, as lawmakers recognize Bitcoin’s potential as a national asset, Forbes reports. US representative from California Ro Khanna threw his […]
Caterpillar Inc. Elliott Wave Technical Analysis
Image Source: caterpillar.com CAT Elliott Wave Analysis Trading Lounge Daily Chart,Caterpillar Inc., (CAT) Daily ChartCAT Elliott Wave Technical AnalysisFUNCTION: TrendMODE: ImpulsiveSTRUCTURE: MotivePOSITION: Minute {iii}.DIRECTION: Upside into wave (v) of {iii}.DETAILS: Looking for continuation higher within wave {iii}, which could eventually reach 500$. CAT Elliott Wave Analysis Trading Lounge 1H Chart,Caterpillar Inc., (CAT) 1H ChartCAT Elliott Wave Technical AnalysisFUNCTION: TrendMODE: ImpulsiveSTRUCTURE: […]
Morgan Stanley Chart Analysis
Image Source: Pexels Bob Lang gives technical analysis of the stock chart for MS.Audio Length: 00:02:55More By This Author:How Options Trading Leverage Works Cash And Risk Management Work TogetherVisa Inc. Chart Analysis
Cathie Wood doubles down on OpenAI with $250 million investment
Key Takeaways Cathie Wood’s Ark Venture invests $250 million in OpenAI’s $6.6 billion funding round. OpenAI now valued at $157 billion after massive funding boost. Share this article Cathie Wood’s Ark Venture Fund has committed to investing at least $250 million in OpenAI’s latest funding round, according to a report by Business Insider. Ark’s second […]
Q4 Setting Up For The Bulls – Buy Weakness
Image Source: Unsplash On Monday I published some short-term seasonal stats about October week by week. So far, this seasonally strong week isn’t panning out. I want to pivot to Q4 and why I believe weakness should be bought.Here is an interesting study. When the S&P 500 is up 10-20% through September 30th, October and the […]
Three Charts Investors Need To See Today
Image Source: Unsplash Stocks have broken above critical resistance on a weekly basis. Historically, this has lead to several months’ worth of gains. As I write this, the S&P 500 is backtesting the breakout. High yield credit, which typically leads stocks is showing no signs of slowing down. It has turned up again and anticipates the […]
Snowden calls Solana a centralized chain used for ‘meme coins and scams’
Key Takeaways Snowden criticizes Solana for centralization, impacting its blockchain integrity. Despite criticism, Solana’s SOL token price increased by 10% over the past month. Share this article Edward Snowden, the former NSA whistleblower, openly criticized the Solana blockchain network for its centralization. Speaking at the Token2049 conference via video link, Snowden expressed concerns about Solana’s […]
Bond Market Wild Card
Image Source: Pexels So, the Fed has pivoted once again. Jerome Powell has done so many twists that Chubby Checker would be envious. Or better said, the Fed has panicked and now realized it is again offside on its inflation target. Hence, Powell feels compelled to move by outsized increments with his monetary policy. And of […]
FTSE Supported By Oil Majors As Mid-East Tensions Escalate
Image Source: Pexels The UK’s benchmark FTSE 100 stock index opened higher on Wednesday, driven by gains in energy and industrial metal mining shares, while JD Sports declined after the Nike retailer maintained its annual outlook unchanged despite reporting a first-half profit beat. Shares of major oil and gas companies increased by 2.5% as oil prices […]
Franklin Templeton launches tokenized fund on Aptos
Key Takeaways The Franklin OnChain U.S. Government Money Fund (FOBXX) is now available on Aptos. The collaboration aims to increase interoperability between real-world and treasury-backed assets across different blockchains. Share this article Franklin Templeton is bringing its tokenized fund, the Franklin OnChain U.S. Government Money Fund (FOBXX) to the Aptos network, said the leading asset […]
