Japanese Regulators Crackdown On 7 Crypto Exchanges, Shut Down 2 More
Following yesterday’s extremely heavy volume (Tokyo Whale?) plunge in Bitcoin, regulators in Japan have cracked down on seven cryptocurrency exchanges (and ordered month-long suspensions for two more). Interestingly, prices were relatively stable as the news hit (perhaps yesterday’s selling was pre-emptive?) As CoinTelegraph reports, the Japanese Financial Services Agency (FSA) has sent “punishment notices” to seven crypto […]
Why Is Meet Group Stock Tanking?
The Meet Group (MEET) has reported earnings and shares are getting smashed. In this column we present the highlights and offer commentary on WHY things are so dire. Meet Group’s Fourth Quarter 2017 Financial Highlights Total revenue of $40.1 million, up 37% year over year Mobile revenue of $32.0 million, up 15% year over year GAAP […]
The Bulls Bought The Dip In A Big Way
My Swing Trading Approach With the bulls buying the dip in a big way yesterday, it is tempting to add another position to the portfolio. However, with the market’s ultimate direction over the next few weeks still in question, I may keep things the same, for today, and simply focus on raising stops. Indicators VIX – […]
BTC/USD And BTC/JPY Forecast – Thursday, March 8
BTC/USD Bitcoin fell significantly during trading during the session on Wednesday, slicing through the $10,000 level. There have been reports of multiple hacks, especially in third-party tools that are used on certain exchanges. Because of this, fear ruled the day and we felt as quickly as we possibly could. It looks likely that the markets […]
Dash Price Is Bullish, Can Reach 3000 USD In 2018
The Dash price could potentially reach 3000 USD towards the end of 2018. There are multiple factors that could drive Dash price up and today’s article will cover some of the reasons why we believe this is possible. We will also provide risk factors that would invalidate our bullish outlook. The 3000 USD is a […]
2018 IPO Prospects: Will Dropbox Be Able To Compete With The Giants?
Photo Credit: Ian Lamont/Flickr.com According to a Research and Markets report published last year, the global Cloud Storage Market is expected to grow at a substantial rate of 30% annually over the next few years to $92.488 billion by 2022 from $25.171 billion in 2017. Recently, Billion Dollar Unicorn player Dropbox filed its S-1 to go public. The company had […]
$10 Move In Crude Oil In Just 1 Month? Impossible Vs. “I’m Possible”
Sounds crazy, right? But from time to time crazy is something that does indeed take place, and these are the times when the prepared are much more profitable than those who were caught with their guard down. There is one analogy that points to the possibility of seeing such a big move in the price […]
The Inflation Scare Of 2012
I would like take you back to 2012. Just a few short years after the soul-searching-scary Great Financial Crisis of 2008-9, market participants had finally given up their worry of the next great depression enveloping the globe, but had replaced it with an equally fervent fear that inflation would uncontrollably explode. The Federal Reserve had […]
Jobless Claims Jump
Jobless claims for the latest week increased by 21K which is the largest one-week increase since late last Summer when Hurricane Harvey struck Texas. What’s still pretty amazing is that even after the increase, claims only amounted to 231K, which in any other period over the last several years would have been considered an extraordinarily […]
A Perspective On Secular Bull And Bear Markets – Thursday, March 8
Was the March 2009 low the end of a secular bear market and the beginning of a secular bull? At this point, nine years later, the S&P 500 has set a series of inflation-adjusted record highs based on monthly averages of daily closes. Let’s examine the past to broaden our understanding of the range of […]
