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Search found 18 matches

by technician
Mon Jan 15, 2024 9:26 am
Forum: Crypto
Topic: SEC at long last approves spot bitcoin ETFs
Replies: 0
Views: 3854

SEC at long last approves spot bitcoin ETFs

The U.S. Securities and Exchange Commission approved 11 spot bitcoin exchange-traded products on Wednesday after years of rejecting ETF applications. "Importantly, today's Commission action is cabined to ETPs holding one non-security commodity, bitcoin (BTC-USD). It should in no way signal the ...
by technician
Wed Sep 20, 2023 7:31 am
Forum: Stocks
Topic: The red-hot chipmaker is still the best-in-breed play on the booming AI market.
Replies: 2
Views: 4531

The red-hot chipmaker is still the best-in-breed play on the booming AI market.

Nvidia's (NVDA -1.01%) stock has more than tripled since the beginning of the year. That rally was driven by the explosive growth of the artificial intelligence (AI) market, since its data center GPUs are widely used to process advanced AI tasks. However, investors might be reluctant to invest in Nv...
by technician
Wed May 31, 2023 10:06 am
Forum: Stocks
Topic: Nvidia is now worth almost as much as Amazon, and that puts gamers in a tough spot
Replies: 0
Views: 3921

Nvidia is now worth almost as much as Amazon, and that puts gamers in a tough spot

Nvidia is now one of only six companies worth more than $1 trillion. It joins the list among Apple, Microsoft, Saudi Aramco, Alphabet, and Amazon, marking a significant milestone as Nvidia rides a wave of generative AI brought on by ChatGPT.
nvidia-computex-2023-gaming.jpg

(full story)
by technician
Thu Apr 06, 2023 2:08 pm
Forum: Forex
Topic: Unemployment Insurance Weekly Claims
Replies: 0
Views: 3273

Unemployment Insurance Weekly Claims

In the week ending April 1, the advance figure for seasonally adjusted initial claims was 228,000, a decrease of 18,000 from the previous week's revised level. The previous week's level was revised up by 48,000 from 198,000 to 246,000. The 4-week moving average was 237,750, a decrease of 4,250 from ...
by technician
Tue Dec 27, 2022 9:17 am
Forum: Crypto
Topic: 10 Predictions for the Future of Crypto in 2023
Replies: 0
Views: 3719

10 Predictions for the Future of Crypto in 2023

What does the next year hold for crypto? We’ve rounded up predictions from smart people in the space – from the bullish to the skeptical. Think back to one year ago. Bitcoin traded at around $50,000, you couldn’t watch sports without seeing a crypto advertisement, and you could get rich – or at lea...
by technician
Tue Dec 27, 2022 9:07 am
Forum: Forex
Topic: FX Outlook 2023: The dollar’s high wire act
Replies: 0
Views: 3599

FX Outlook 2023: The dollar’s high wire act

The dollar is tumbling from multi-decade highs. Calling the FX market in 2023 requires taking a view on the Federal Reserve, the war in Ukraine, China, and the overall investment environment. We suspect that the dollar can stay stronger for a little longer. But the main message in our 2023 FX Outlo...
by technician
Tue Dec 27, 2022 9:02 am
Forum: Stocks
Topic: What Did You Learn This Year?
Replies: 0
Views: 3361

What Did You Learn This Year?

We’re a few weeks away from closing the book on 2022. Wow, what a rollercoaster year for the financial markets. New participants received a valuable education on how inflationary forces can alter asset relationships. Growth equity investors severely underperformed, as higher rates proved to be too m...
by technician
Mon Oct 31, 2022 8:20 am
Forum: Stocks
Topic: Twitter Loses its Most Active Users and Struggles to Keep Others: Report
Replies: 0
Views: 5283

Twitter Loses its Most Active Users and Struggles to Keep Others: Report

In Brief The 10% of "most active" users represent 90% of Twitter activity Twitter's internal report (seen by Reuters) says they know about the situation but don't want to make it public Months ago, Elon Musk said that the social network "was dying." Twitter is struggling to main...
by technician
Mon Oct 31, 2022 8:13 am
Forum: Crypto
Topic: 3 Biggest Crypto Predictions for November 2022
Replies: 0
Views: 3570

3 Biggest Crypto Predictions for November 2022

In Brief Crypto market sudden gains opened the doors for bullish speculations going into the month of November. BTC price breaking above the $23,900 mark in November could aid the uptrend to the $30,000 resistance level. The altcoin market cap seemed to be charting a recovery from the lower $900 bi...
by technician
Fri Oct 07, 2022 7:08 am
Forum: Stocks
Topic: Tesla Is Not Stomping But We Do Have A Bullish Number (Technical Analysis)
Replies: 0
Views: 4701

Tesla Is Not Stomping But We Do Have A Bullish Number (Technical Analysis)

Summary
  • Tesla was in a bearish wave pattern before its stock split in August.
  • With this, the popular equity now in a potential bullish wave structure.
  • We will look at both how to gain a future price reading while identifying a number for a bullish case for Tesla.
(full story)