$BTC will die. It's just a matter of when. I expect that within the next year -- and potentially much sooner than that -- BTC will be trading under $4,000.
If it falls under what little support it has at $7,000, that would light the way for a very bearish trend. Both the weekly and the daily charts look pretty ugly. Lower highs and lower lows. Every time momentum...
$SPX closes November at its 5th highest for the month.
Oddly, the short term (9 day) $VIX closed at its 2nd highest November on record.
Investors are expecting near-term volatility despite the price action in the S&P 500.
PZZA fell on Wednesday after news that a major bidder, Trian Fund Management LP, is no longer pursuing the company.
This follows a long rally for the stock, despite a broad market sell off. I think we'll see some consolidation here followed a modest gain as more news and bidders come into the picture.
I entered long at 47.87 here, with a strangle at DEC21...
Despite a 36% dive, $NFLX can fall another 29% and still post a small gain for the year.
Given rising volatility and a broad-market correction, a short position on Netflix could be a good idea.
A bearish strangle with expirations on DEC21 is what I'm currently holding. The possibility for an end of year rally is still there (hence using a strangle for...
$GOOG has now dropped over 20% since its July high, bringing the stock into bear market territory for the first time in 7 years -- since August 2011 (both time periods marked on chart.)
I remain bearish on Google for the remainder of 2018. Macroeconomic conditions and trade tension combined with an over valued market and much needed correction in the technology...
Compared with gold OCT 2018 futures contracts.
As the SP500 0.38% has dived over the past two weeks, gold futures 0.18% have finally started to incline after long and heavy tailwinds kept them from gaining traction. As we move into a more inflationary environment and the market outlook looks more bearish , gold -0.05% will continue to provide be a classic hedge...
As the SP500 has dived over the past two weeks, gold futures have finally started to incline after long and heavy tailwinds kept them from gaining traction. As we move into a more inflationary environment and the market outlook looks more bearish, gold will continue to provide be a classic hedge and we'll see futures rise. Silver futures are also an excellent...
Despite being extremely overvalued, chart technicals are mostly good. MACD and RSI have cooled down over the past week and it's poised for further growth. I expect CGC will see another day of gains tomorrow, and end the week green. As Tilray consolidates, and CRON continues to oscillate wildly, this will enjoy steady, but slower, upwards acceleration throughout...
Biogen's (344.10 at close at the date of this writing) and Eisai's recent success with BAN24O1, an experimental medication for Alzheimer's which is currently in mid-stage clinical trials, in addition to a recent price target raise by Citi, and overall bullish analyst sentiment led to a rally between July 6-9, 2018.
Although the clinical trial's success was...
