I’ve always found technical analysis to be a fantastic history lesson for the markets. If you want to consider how the current conditions relate to previous market cycles, just compare the charts; you’ll usually have a pretty good starting point for the discussion. As we near the end of an incredibly bullish year for the S&P 500 and Nasdaq, I’m seeing ...
Week 12 of the 2024 NFL season is a light one, six teams on bye weeks. It’s also not exactly frontloaded, Thursday’s Pittsburgh Steelers-Cleveland Browns matchup offering little intrigue aside from the hope division rivalries tend to produce compelling football. But the drama should pick up late Sunday afternoon, when the San Francisco 49ers, badly in need of a win, ...
(This story has been updated to correct an inaccuracy and to fix a typo.) Daniel Jones spoke to reporters after Thursday’s practice for the first time since the New York Giants benched him in favor of third-string quarterback Tommy DeVito. Jones walked up to the podium and greeted reporters by letting them know he had something to say. ‘I wrote ...
Donald Trump plans to establish an advisory council to position the U.S. as a leader in the cryptocurrency space. The council will spearhead policy changes, coordinate with Congress on crypto legislation, and oversee the creation of a strategic Bitcoin reserve. The advisory council will also operate under the White House’s National Economic Council or a similar executive body. Industry executives ...
Chris Giancarlo, widely known as “Crypto Dad,” has emerged as the leading candidate for a newly proposed role of crypto czar in the White House under President-elect Donald Trump’s administration. The potential appointment underscores a strategic effort to advance crypto regulations and foster blockchain innovation in the United States. This proposed position would be the first of its kind in ...
The afternoon turnaround seems to be more the norm than the exception. Thursday’s stock market action followed the trend. What makes Thursday’s turnaround more pronounced is a possible resumption of the uptrend in equities. But not all stocks are created equal. A look at the day’s MarketCarpet of the S&P 500 stocks shows an interesting mix. While there was more ...
Today the 20-Year Bond ETF (TLT) 50-day EMA crossed down through the 200-day EMA (Death Cross), generating an LT Trend Model SELL Signal. This was the result of a down trend lasting over two months. We note that the PMO has been running flat below the zero line for a month, which tells us that steady downward pressure has been ...
The United States Securities and Exchange Commission (US SEC) has further delayed its decision on Franklin Templeton’s Bitcoin and Ethereum index ETF. From the filing made on November 20, 2024, it has been agreed that the decision on the proposal will be made on January 6, 2025 to afford the regulating authority ample time to consider the proposal. US SEC ...
BitClave investors have started receiving $4.6 million in repayments from the U.S. Securities and Exchange Commission (SEC), following a settlement reached in 2020. The SEC announced on Nov. 20 that payments from the BitClave Fair Fund had been disbursed to eligible investors harmed during the company’s 2017 initial coin offering (ICO). Pro-XRP lawyer and online commentator “MetaLawMan” criticized the SEC’s ...
After the election, things have hardly settled in the world. New developments in the Ukraine-Russian conflict and the Middle East are still volatile. Worst of all, I am in Redmond, WA this week, where last night’s storm caused a massive power outage in this region. Needless to say, producing electronic content is a challenge at the moment But I found ...
How do you find the next big stock before it gains the investing public’s attention? It’s tricky, but there are only two ways to spot a so-called “hot stock” before the social buzz. One is to scour financial reports and forum chatter to see what Wall Street insiders might be looking at before the general public catches. Another is to ...
Solana (SOL) price in the last 24 hours has shown bullish momentum, with its price ranging between $247.09 and $234.15. However, at press time, Solana is trading at $237, reflecting a 1.08% decline from a key resistance level. Despite this minor retracement, analysts predict that Solana could be on the cusp of a breakout this week, potentially setting a new ...