Bitcoin's Rocky Road: Below $59K and What to Watch For
#BTC Bitcoin's price took a tumble recently, dipping below $59,000 for the first time since late April. This sent shivers down the spines of many crypto bulls, but what's really behind the drop? Let's dive into the potential causes and what this means for the future. A Perfect Storm of Pressures: Mt. Gox Looms Large: The defunct Mt. Gox exchange is planning to finally repay users who lost funds in a massive 2014 hack. While this might seem like good news, it injects a hefty dose of uncertainty into the market. The influx of a large amount of Bitcoin could lead to selling as users look to take profits, potentially driving the price down further. Miners Feeling the Squeeze: Bitcoin miners, the backbone of the network, are facing their own challenges. Rising energy costs and the recent price
Bullish on DJT? Navigating Market Moves Amid Election Uncertainty
Overview: As debates swirl in Washington about President Biden's potential withdrawal from the upcoming election, Wall Street traders are adjusting their portfolios to brace for the potential impact of Donald Trump’s return to the White House. Following a lackluster debate performance by Biden, fears over his ability to handle a second term have surged, leading to significant shifts in market behavior. This report explores the broader market dynamics, the bond market's reaction, and the sectors likely to benefit from a potential Trump victory. Bond Market Reaction: "Treasuries Under Pressure" The bond market saw the most intense trading activity post-debate. With speculation rising that Biden might not run—betting markets now place his chances of staying in the race below 50%—investors are
Overview: Amazon’s $Amazon.com(AMZN)$ stock has been on a tear, recently hitting a record high of $200.03 per share, marking an impressive 30% increase since the beginning of the year. This performance significantly outpaces the Dow Jones Industrial Average, which has risen by just 4% in the same period. Amidst this surge, Amazon's founder and Executive Chairman Jeff Bezos plans to sell a substantial portion of his holdings, sparking discussions on whether investors should consider selling their Amazon stock. Bezos's Planned Sell-Off: Jeff Bezos, according to SEC filings, intends to sell $5 billion worth of Amazon shares, equivalent to 25 million shares. This planned sale follows a previous transaction in Febru
Tech Giants Grapple with Emissions: Impact on Google’s and Microsoft’s Stock Prices
Overview: Mixed Market Sentiment Amidst Emission Challenges Google $Alphabet(GOOG)$ and Microsoft $Microsoft(MSFT)$ , two of the world's leading tech giants, are grappling with significant increases in carbon emissions as they push forward with integrating artificial intelligence (AI) into their products. Both companies have ambitious environmental goals but face mounting challenges due to the energy-intensive nature of AI. This development raises questions about the potential impact on their stock price performance and broader market sentiment. Rising Emissions: A Growing Concern Google's Escalating Emission Dilemma: Google’s annual environmental report reveals a troubling trend: a
Eh guys, hear this – $Tesla Motors(TSLA)$ is making a comeback ah! So, what you think, can it pull back or zoom to $300? Let's kaypoh a bit and see what the charts and options market say, can? First, we check the charts. Right now, we are above both the 50 Day MA and the 200 Day MA, like HDB flats above kopitiam. But wait ah, the 200 Day MA is creeping up towards the 50 Day MA. If they cross, wah, we get the golden cross! This means very bullish lah, like hawker centre queue during lunch hour. Happened before to S&P and Nasdaq, and we saw what happened – solid lah! But right now, no golden cross yet, so we must see if can stay above or not. The RSI indicator, though, a bit high leh, means overbought. Like MRT during p
Qualcomm soared 42% year-to-date. Is Qualcomm a strong AI play?
Qualcomm $Qualcomm(QCOM)$ has risen 42.23% in 2024 YTD. Qualcomm is a global leader in wireless technology innovation, specializing in developing and licensing advanced semiconductors and telecommunications technologies for mobile devices, automotive systems, and the Internet of Things. It is one of the world's leading fabless chipmakers. Things you need to know about Qualcomm: 1) Attractive but High Cyclicality: Weak demand across handsets and IoT products caused revenue and operating income to drop by 51% and 19% respectively in FY2023. However, revenue and operating income are projected to rise by 68% and 7% respectively in FY2024. The operating profit margin was 24.92% in Q2 2024, compared to 22.53% in Q2 2023 and 34.56% in Q2 2022. Sour
Few critical things you need to take note in order to become a successful trader. 1. Discipline This is the most important criteria that you need to practice during investment. Remember to plan your trade, and trade your plan! 2. Protect your modal and risk management It's important for you to have some risk management during your trade. Cut loss if something is going wrong and no longer align with your investment objective. 3. Basic fundamental and technical skills It is always good to have some basic fundamental and technical skills that will be very helpful for you to seek a suitable entry or exit point during your trades. 4. Never FOMO Never be dear of miss out especially in those meme stocks with crazy rally. Most of the investors end up losing money in these stocks. 5. Emotion ma
Will Biden Withdraw Election? Market is betting Trump's back
U.S. political scene has been in turmoil, with rumors that incumbent President Joe Biden may not run in the next presidential election after slipping in the polls following the last debate.According to internal White House sources, Biden's health and intra-party pressure have become major considerations.However, Biden joined an online meeting with his campaign team that day and said during the meeting, "I'm running for office and no one can get me out. I'm not going to quit, but I'm going to campaign to the end and win."Markets reacted quickly and sensitively to the news of Biden's potential withdrawal, with investors seeking safe-haven assets in response to possible political uncertainty.The analysis pointed out that whether Biden withdraws from the election, the short-term impact on the
Three Key Reasons Why Gold Price Continues To Rebound,What's The Next?
Firstly,On Wednesday, July 3, the US ADP research institute released a report showing that the number of ADP employment in the United States increased by 150,000 in June, significantly lower than the expected 165,000, and a slight decline from the previous value of 152,000.This is the third consecutive month that ADP employment has declined and the lowest level in four months.PicturesSecond,Data released by the U.S. Department of Labor on Wednesday showed that the number of people filing for unemployment benefits for the first time in the week of June 29 in the United States was 238,000, exceeding market expectations of 235,000.The highest since January this year.PicturesAt the same time, data from the U.S. Department of Labor also showed that the number of people continuing to apply for u
First Half 2024 Trading Portfolio Review: Goal: Outperform fixed deposit rates (achieved!) I'm thrilled to see my trading portfolio exceeding my modest goal for the first half of 2024! This accomplishment fuels my determination to push beyond comfort zones and strive for more. New Goal for Second Half 2024: Outperform the Nasdaq! - Embrace challenges and learn from setbacks - Refine my strategies and stay adaptable - Continuously educate myself and stay updated on market insights With a growth mindset and unwavering dedication, I'm ready to tackle the second half of 2024 and make it even more remarkable!
In the Realm of Stock Trading: Skills Rule the Den
@Tiger_comments, you're right, in the world of stock trading, honed skills are generally considered more important than raw talent. While some may have an intuitive grasp of the market, consistent success requires a well-developed toolkit. Now, regarding the most crucial skill, it's tough to pick just one. Stock trading is a multifaceted beast, demanding a combination of strengths. Here are some contenders: Analytical Prowess: Dissecting financial data, both fundamental (company financials) and technical (price charts and indicators) is vital. You need to interpret the information and identify potential opportunities. Discipline & Patience: The market can be a whirlwind. Sticking to your trading plan and avoiding emotional decision
With a new all-time high, $SPDR S&P 500 ETF Trust(SPY)$, a barometer of U.S. market health, is drawing attention as we approach the options expiration date on July 5, 2024. The options market is currently signalling an implied movement of 0.58%, indicating a potential price swing that traders are watching closely. Current Market Overview As of July 4, 2024, SPY is trading at $551.46. Analysts observe the upper bound of $554.66 and the lower bound of $548.26, derived from the implied movement data. The ETF's put/call ratio stands at 2.04, reflecting a significant leaning towards put options, often suggesting a bearish sentiment among investors. Key Metrics and Recent Performance SPY's performance remains robust, with its market value reported at
Market OverviewThe S&P 500 index and technology-laden Nasdaq rose on Wednesday (July 3) to post record high closes, as data pointing to a softening economy raised hopes the Federal Reserve could cut interest rates in September. The Dow Jones Industrial Average closed slightly lower, pressured by selling in healthcare and consumer stocks during a shortened trading session ahead of the Fourth of July. The market will stay closed on Thursday for U.S. Independence Day, keeping trading volumes thin throughout the week.Regarding the options market, a total volume of 31,146,155 contracts was traded, down 16% from the previous trading day.Top 10 Option VolumesTop 10: $NVDA(NVDA)$, $TSLA(TSLA)$,
BABA, ARKK, TSLA, AAPL& AVGO: Is High-tech Era Coming?
Hello everyone! Today i want to share some technical analysis with you!1. $Apple(AAPL)$ $236 approaching faster than you think. 🍏 2. $Broadcom(AVGO)$ Nancy knows best. ✅3. $Tesla Motors(TSLA)$ Monthly chart says it all. ⚡ 4. $ARK Innovation ETF(ARKK)$ Cathie squeezing back above the 200D SMA today 🍋5. $Alibaba(BABA)$ These Alibaba pops haven't lasted long lately, will this breakout be different? 🧐 Follow me to learn more about analysis!!https://x.com/TrendSpider
$NVIDIA Corp(NVDA)$ I know this is very elementary analysis but Nancy Pelosi buying 10,000 shares of $NVDA at $120 really makes me think Nvidia is going higher. In my opinion, this woman is absolutely insider trading. You do not buy a stock up 150% YTD for funsies. She has talked to different people within the government, heads of states, strategic operatives at companies, lobbyists…hell she even went to Taiwan and likely learned more about $NVDA there. A HYPOTHETICAL EXAMPLE OF HOW SHE COULD KNOW MORE THAN US: What if Nancy talked to officials in the Middle East that proved to her how much demand they were starting to have for Nvidia chips? Nvidia has to deal with certain legal rules around selling to th
Hello everyone! Today i want to share some technical analysis with you!1. $Invesco QQQ(QQQ)$ Another volume shelf turned launchpad.2. $E-mini Nasdaq 100 - main 2409(NQmain)$ Still trading in this consolidation zone. Not sure there will be much action today. However, remember how yesterday started.3. $E-mini S&P 500 - main 2409(ESmain)$ Testing the top of the bull flag so far this morning.Follow me to learn more about analysis!!https://x.com/Jake__Wujastyk