Here’s some bad news for investors who appreciate a good tax break: You are no longer permitted to take deduction expenses tied to your investments. The Tax Cuts and Jobs Act, which went into effect this year, eliminated a slate of itemized deductions. Breaks that are now out the window as of 2018 include the … Read more
There was a a lot of news to move the market, but stocks struggled to find direction throughout the week. Here’s what traders were focused on: Trump & Kim – The meeting had a bigger impact on media headlines than the market. But President Trump’s historic meeting with Kim Jong Un had everyone’s attention at the … Read more
Traders continued to digest yesterday’s Fed Statement, after the Fed raised rates for the 2nd time this year. Stocks jump early but finished the day mixed. The NASDAQ was the clear leader today with a 0.8% gain, closing at a new record high. — TRENDING NOW— FREE STOCK TRADING WEBINAR Experienced Biotech stock investor, Kyle Dennis, will be … Read more
It looks like the swashbuckling volatility trader known as “50 Cent” is already plotting his comeback. Known for his consistent purchases of bite-size Cboe Volatility Index (VIX) options — usually costing about 50 cents — the trader has historically positioned himself to profit from market turbulence. But he took a self-imposed leave of absence after … Read more
The bitcoin price has demonstrated a short-term corrective rally from $6,100, rebounding to $6,500 over the past 24 hours, rising by around 6.5 percent. Small cryptocurrencies and tokens followed the price movement of bitcoin on the upside. — RELATED— BITCOIN: ZERO Why, on July 21, 2018, the U.S., China, Russia (and 16 of the world’s … Read more
At the surface, the much anticipated meeting between U.S. President Donald Trump and North Korean leader Kim Jong Un seemed to be a big nothing for markets. But behind the scenes, traders were scurrying to move money amid the geopolitical noise, sending flows to some Asia exchange-traded funds. Volumes for U.S.-listed ETFs on Monday were … Read more
American cryptocurrency exchange Coinbase announced June 11 that they will support Ethereum Classic (ETC) on their platform, after which the price jumped over 25 percent. At 01:14 UTC, ETC was trading at $12.89, but an hour later the price had spiked by over 25 percent to $16.15. Ethereum Classic over the 24-hour period from Coinmarketcap … Read more
Stocks were higher for the 2nd day in a row. It’s a nice start to the week, but trading was slow. — TRENDING NOW— FREE STOCK TRADING WEBINAR Experienced Biotech stock investor, Kyle Dennis, will be showing you 3 easy-to-follow steps that you’re going to want in your playbook & he’s got the numbers to … Read more
The “Options Action” traders share three options trading strategies to kick off the week. Carter Worth and Mike Khouw like the Homebuilders and Home Depot. — TRENDING NOW— FREE STOCK TRADING WEBINAR Experienced Biotech stock investor, Kyle Dennis, will be showing you 3 easy-to-follow steps that you’re going to want in your playbook & he’s … Read more
The value of bitcoin and many other digital currencies fell to their lowest levels this year after South Korean exchange Coinrail said a hack over the weekend stole virtual coin estimated to be worth more than $37 million. In a post published Monday morning, Coinrail said hackers obtained about 30 percent of its coin and … Read more