For those trading last week, things were pretty quiet. There was a little action at the open, but the rest of the trading day was rangebound. This kept the S&P in one of the smallest trading ranges of the year. Although things were quiet, the major indices hit new records AGAIN (fueled by tax reform), and finished … Read more
A bitcoin ETF took another step closer to reality after the NYSE filed with the SEC to list two funds tracking bitcoin futures. The NYSE wants to list the ProShares Bitcoin ETF and the ProShares Short Bitcoin ETF, two exchange-traded funds that would allow traders to bet on how the volatile cryptocurrency futures contracts will … Read more
Stocks opened higher but just couldn’t hold onto early gains. Ending the day with losses across the board, the major indices closed lower for the second time in two days. Once again the tax reform was on everyone’s radar. Last night the Senate passed the tax reform bill. And today the House revoted and approved the bill as … Read more
Sale may cause ‘short-term’ dip in price of digital currency… Charlie Lee, creator of the world’s fifth-biggest cryptocurrency, cashed in during a 75-fold rally this year. The San Francisco-based software engineer whose litecoin was founded in 2011 “sold and donated” all of his holdings over the past few days, he said in a Reddit post. … Read more
It was a down day for everything. Stocks, bonds, cryptocurrencies, they all sold off. Down early, stocks just couldn’t recover. But after the morning sell-off, stocks were essentially rangebound from late morning until the close. — TRENDING NOW— Learn The Strategy That Could Pay You Up To $2,000 or More Every Week Here’s where the … Read more
The Securities and Exchange Commission suspended trading Tuesday of The Crypto Company until January 3, citing “concerns regarding the accuracy and adequacy of information” about compensation paid to promote the firm and plans for insider sales. The Crytpo Company describes itself as a business that “offers a portfolio of digital assets, technologies, and consulting services … Read more
Stocks kicked off the week with a bang. Rallying overnight, the major indices started the day at record highs. Trading was quiet and sideways for most of the day, but it didn’t matter. With a strong start and rally in the morning, the S&P, DOW, and NASDAQ were all trading at new records by the end of the day. … Read more
It was another record week for stocks. With Santa Claus, tax cuts, strong data, solid earnings and everything that ends with ‘-coin’ going up a zillion percent…What’s not to like?! The S&P and DOW finished higher for the fourth week in a row. And on Friday, the major indices closed with new records. Even the NASDAQ, which has been lagging … Read more
U.S. stocks rose on Friday, Dec. 15, as investors shrugged off worries over a possible stall in U.S. tax reform plans that pushed stocks lower in the previous session. The Dow Jones Industrial Average jumped 157 points, or 0.6%, and has traded Friday above its record closing high. The index has risen for six days out … Read more
Stocks got off to a nice start this morning after U.S. Retail Sales came in better than expected. The report showed that November retail sales were up 0.8% vs. a 0.3% forecast. Markets popped at the open. But the rally was short-lived. The DOW hit a new record high then reversed, snapping a 5-day win streak. — TRENDING NOW— Learn … Read more