Some interesting news developments have transpired related to Bitcoin this week. On Monday, The SEC sued Binance with 13 charges. On Tuesday, The SEC sued Coinbase © COIN. The regulators have been busy this week going after the biggest crypto exchanges. It's almost as if we need a monetary system outside of government interference... What does this mean for traders and investors right now? In the context of 2023's price action the fallout from these announcements is insignificant and completely in line with technical analysis. I have been watching for this pullback in theory since the last buying opportunity in March to see where and when the rally off the Banking Crisis FUD did its first major Retracement. The financial media focused on Bitcoin attributed the rise from early March to peop

"One final investment area that I'll mention, that's core to setting Amazon up to invent in every area of our business for many decades to come, and where we're investing heavily, is Large Language Models ("LLMs") and Generative Al. Machine learning has been a technology with high promise for several decades, but it's only been the last five to ten years that it's started to be used more pervasively by companies. This shift was driven by several factors, including access to higher volumes of compute capacity at lower prices than was ever available. Amazon has been using machine learning extensively for 25 years, employing it in everything from personalised ecommerce recommendations, to fulfillment center pick paths, to drones for Prime Air, to Alexa, to the many machine learning services A

The business cycle describes how the economy expands and contracts over time. It is an upward and downward movement of the gross domestic product along with its long-term growth rate. The business cycle consists of 6 phases/ stages: 1. Expansion 2. Peak 3. Recession 4. Depression 5. Trough 6. Recovery 1) Expansion: Sectors Affected: Technology, Consumer discretion Expansion is the first stage of the business cycle. The economy moves slowly upward, and the cycle begins. The government strengthens the economy: • Lowering taxes • Boost in spending. -When the growth slows, the central bank reduces rates to encourage businesses to borrow. - As the economy expands, economic indicators are likely to show positive signals, such as employment, income, wages, profits, demand, and supply. - A rise in

It is always amazing to see how the market ends up being at extremely important technical levels into big weeks like the week coming up. SPY is trading at the previous support zone from before the bear market started which ended up being a reversal zone in August and price is now here again. With CPI data, the FOMC decision, and OPEX into the end of the week, this is a very important technical level to get above which is currently right at $431.75.

Gold prices saw a slight increase at the start of trading on Thursday in the US, supported by a lower US dollar index and stable crude oil prices. Traders are looking for the next fundamental input to boost the metal market, but they may have to wait until next week. August gold rose by $1.70 to $1,960. The market is starting from scratch in next week's FOMC meeting of the Federal Reserve. Most of the market believes that the Fed will pause its tightening cycle. However, now many market watchers think that the US central bank will follow recent moves by the Bank of Canada. The BOC raised interest rates by an additional 0.25% this week after a four-month pause. Technical advantage in the short-term benefits gold future speculators. Their goal is to create an August future contract that clos