[Ed. Note: Kyle Dennis runs BiotechBreakouts.com. He is an event-based trader, who prefers low-priced and small-cap biotech stocks. He has no stocks, options or open orders in MRNS, but day-traded it on Sept. 9 for a smallgain. He has no shares, options or open orders on SAGE. To learn more JOIN THIS SPECIAL ONLINE EVENT: 3-Step … Read more
If it seems like stocks are higher every morning, it’s because they are. The S&P opened higher every day last week. In fact, the major indices have opened in positive territory 25 out of the past 30 sessions. That’s the most ever! On Friday, traders seemed to like President Trump’s comments at the World Economic Forum in Davos, Switzerland. Trump promoted … Read more
Get Don Kaufman’s FREE eBook: The Rebel’s Guide to Options Trading The S&P exploded passed the expected move for the third week of the year. No where in recent history, up or down, has there been such inefficiency in the market. Watch this crucial weekend video newsletter update to find out why the market is … Read more
U.S. stocks closed sharply higher on Friday as quarterly earnings top estimates, while the economy continues to grow. The Dow Jones industrial average rose 219 points and hit intraday and closing records. The S&P 500 gained 1.2 percent, with tech and health care as the best-performing sectors, and also reached an all-time high. The broad … Read more
It’s Trump speech day in the Swiss Alps, as stocks schuss toward their fourth weekly win in a row. A U.S. GDP reading is also grabbing the spotlight, plus the dollar is still getting left out in the cold by traders. Who needs all those Benjamins anyway? Soon you might not need dollars to pay … Read more
The cryptocurrency craze is finally flowing into the exchange-traded funds business. Investors poured about $240 million into two blockchain-focused ETFs since their launch last week, according to the latest available data from FactSet. Blockchain is the technology behind bitcoin and other cryptocurrencies. The surge of interest came even as bitcoin, the largest digital currency by … Read more
The relentless gush of cash into the stock market is sending a powerful “sell” signal, according to a Bank of America Merrill Lynch gauge that has been a reliable indicator in the past. Investors poured $33.2 billion into stock-based funds through the week ended Wednesday, BofAML said in a report. That’s a record both for … Read more
Investors added the most money on record to equity funds last week as the earnings season began on a positive note and global stocks continued to post record highs. The rush to risk assets sparked a note of caution from Bank of America Merrill Lynch strategists, who see a “tactical pullback” in the stock market … Read more
If it’s true that the bigger they are, the harder they fall, then cryptocurrencies have been gearing up for a tremendous decline. But, then again, maybe this is just the start for the great crypto bull market. As of Monday, the entire cryptocurrency market stands at approximately $563 billion, according to industry site CoinMarketCap, which … Read more
The massive upwards movement in cryptocurrencies over 2017 has not gone unnoticed. The participants at the World Economic Forum (WEF) in Davos are being questioned about cryptocurrencies and Cointelegraph has been one of the main voices representing the fraternity. The traditional investors are still not willing to accept the rising clout of the cryptocurrencies and … Read more