Bloomberg: JPMorgan says Bitcoin cost of production may be down to $13,000 European stocks drop as U.S. inflation soars, Euro reaches parity MarketWatch: Is the U.S. headed for recession? 58% of Americans think we’re in one right now, poll says U.S. stocks tumble for 4th day in a row on hotter-than-expected inflation report Inflation is […]
U.S. Inflation Soars Read More »
Bloomberg: China tech stocks enter correction as recent rebound fizzles out Chinese electric car giant slump fuels speculation on Warren Buffett adjusting holdings MarketWatch: Stock market faces big inflation test: There are ‘the good , the bad and the ugly’ ways it could play out U.S. inflation is still rising. Can it reach 9%? Ahead
Inflation remain Key for Markets Read More »
The Relative Strength Index (RSI) is among the most popular technical indicators for identifying overbought or oversold stocks. Standard RSI Indicator The standard RSI system uses a 14 days period to calculate the indicator. Overbought (value>70) refers to a stock that has increased rapidly in a short period of time and may reverse lower. Conversely,
Lesson 11: Relative Strength Index taken to a Higher Level Read More »
Bloomberg: US-listed Chinese stocks fall on regulatory fines and Covid risks Nail-biting tech earnings season ahead after Nasdaq rout Twitter shares sink, with legal battle ahead as Elon Musk walks away MarketWatch: Stocks may keep falling as this ‘harbinger’ points ‘hit’ to companies’ forward profits, warns Morgan Stanley Nasdaq leads stocks to lower finish as
Bloomberg: Nasdaq win streak is fueled by tech losers turning into winners Twitter shares sink after Musk says he’s ending acquisition bid MarketWatch: Strong labor market a bulwark against recession as U.S. creates greater-than-forecast 372,000 jobs ‘Everybody thinks we’re in a recession, except the labor market’: Economists don’t see signs of downturn in jobs data
U.S. Create Greater than Expected Jobs Read More »
Bloomberg: Bulls place market bets on economic path needing so much to go right Oppenheimer strategist dials back his S&P 500 call, Wall Street’s most bullish MarketWatch: One of Wall Street’s biggest bulls lowers S&P 500 target – still sees 25% upside by year end S&P 500, Nasdaq book longest win streak since March as
Bulls Bet on Economic Recovery Read More »
Bloomberg: Liquidity-sapped stock market keeps flipping in your lunch break Betting against tech is finally a winning trade as short sellers sit on $20 billion profit MarketWatch: A rally in growth stocks could signal ‘peak’ Fed hawkishness has passed. Wall Street profit expectations for megabanks cooled slightly ahead of earnings despite deep freeze in stocks
Markets remain Volatile Read More »
Bloomberg: Big Tech’s bounceback is a glimmer of hope after steep selloff S&P 500 tumbles as renewed recession fears rattle Wall Street MarketWatch: The U.S. won’t officially be in recession if GDP shrinks again U.S. stocks close mostly higher after staging a sharp intraday rebound It was quite a volatile day in the U.S. It
Renewed Recession Fears Read More »
In this lesson we want to explore using only Trend Lines as a system to see if it can be a profitable system. The basics of trend lines are explained in Lesson 6. Trend Lines System The system is very simple: Buy or Sell when the appropriate trend line gets broken with a closing price.
Lesson 10: Using Trend Lines as a System Read More »
Bloomberg: European stocks rise as traders weigh valuations against risks Stocks in India set to rebound after 3-month drop, history says MarketWatch: How long will stocks stay in a bear market? It hinges on if a recession hits, says Wells Fargo institute U.K. stocks rise for first time in three days Ray Dalio attacks U.S.
Traders Weigh Valuation against Risks Read More »