$IPO ETF strongly outperformed the $SPY from March 2020 to February 2021 but has been very weak ever since
This is a relationship to keep in mind when considering deploying capital to recent $IPOs
ETH significantly outperformed BTC in 2021. Many smart folks suspect ETH will continue to gain on BTC
ETH was at its highest relative to BTC in Jun 2017
I drew Fibonacci levels from the high to low and currently ETH is hovering around the 0.5 level
After a monster power earnings gap (PEG) move, RBLX pulled back to its 50 MA and PEG lows were defended (i.e. 93.02 and 94.38). It is now trading around an upsloping 50 MA.
Neutral for now but I will be watching to see
- how it interacts with the declining short term EMAs
- if it breaks below 93.02 and fills the PEG gap
Bespoke Research firm says "Prior to the digital revolution that began in the 1990s, the Dow Transports were viewed as a “leading” indicator for the broader stock market. In the digital age, there’s hardly an industry group that doesn’t rely on semiconductors in one way or another. A modern car can easily have more than 3,000 chips. We view the semiconductor group...
