Bitcoin Buying Panic Leaves A Dangerously Overextended Market
What’s interesting about the nature of markets is just when one side of the battle between buyers and sellers thinks they have it completely won, they are at their most vulnerable. Bitcoin has gained over 100% since the start of October on top of an over 900% gain for the year 2017. Since Bitcoin broke […]
Billion Dollar Unicorns: Zscaler Getting Ready For IPO
According to Gartner, cloud-based security web gateways services are showing rapid growth with a five-year historical compound annual growth rate of 32%, compared to just 5% for on-premise appliances. Billion Dollar Unicorn Zscaler has been named as a leader in the Gartner Secure Web Gateway Magic Quadrant for the seventh consecutive year. Zscaler’s Journey San Jose-based Zscaler […]
Opportunities In Tech Stocks Today
My Swing Trading Approach I will look for opportunities in tech stocks today, if the early gap higher shows that it wants to hold. If not, I will look to play the market with a much more cautious approach. Indicators VIX – VIX bounced 6.7% up to 10.7. Mainly due to the fears in tech stocks. […]
Box (BOX) Q3 Loss In Line With Expectations, Revenues Beat
Box, Inc.’s (BOX – Free Report) fiscal third-quarter 2018 adjusted loss was 13 cents per share, in line with the Zacks Consensus Estimate. The loss was 18.2% wider on a sequential basis but 7.7% narrower than the year-ago quarter. The reported loss was toward the lower end of the guided range. Revenues came in at $129.3 million, […]
Broad Based Indices Continue Upside Breakouts
Rocky took some many punches and kept coming back. Fighting the trends highlighted below might be a little painful to the pocketbook. Below looks at three broad-based indices on a monthly basis over the past few decades: Breakouts continue to take place in each of these broad-based indices at each (1). Until these indices reflect weakness […]
E Trump Is Very Lucky. He Inherited A Strong Economy And A Healthy Job Market
The U.S. economy has very strong momentum behind it as it enters the 2017 holiday spending season. U.S. real GDP increased at a 3% annual rate in the third quarter of 2017, industrial production rose 1.6% y/y in September, and the CPI inflation rate was 2% in October. Total nonfarm payroll employment increased by a […]
Jobless Claims Slightly Lower Than Expected
Like just about everything these days (besides bitcoin), there was very little volatility in this week’s jobless claims report as first-time claims fell by 2K to 238K compared to expectations for 240K. There’s not much new to say here as jobless claims continue to be one of the most consistent indicators of strength in the […]
McKinsey: Automation May Wipe Out 1/3 Of America’s Workforce By 2030
In a new study that is optimistic about automation yet stark in its appraisal of the challenge ahead, McKinsey says massive government intervention will be required to hold societies together against the ravages of labor disruption over the next 13 years. Up to 800 million people—including a third of the work force in the U.S. […]
3 Strong Buy Deutsche Mutual Funds To Invest In
Deutsche Asset & Wealth Management’s assets under management were worth EUR 710 billion as of Sep 30, 2017. Founded in 1919, it is one of the world’s leading financial management companies. The fund family manages a wide variety of domestic mutual funds and variable insurance portfolios. Deutsche Asset & Wealth Management is among the 10 […]
Cryptos Are Crashing Again
It’s a bloodbath in cryptocurrency markets this morning… Having bounced overnight to over $10,600, Bitcoin prices are tumbling once again as we approach the US equity market open… Ethereum is down over 20%… While there is no immediate catalyst, CoinDesk notes that ECB Vice President Vitor Constancio- ever eager to talk citizens away from decentralized ‘anything’ – warned […]
