Market Notes: Taxes are were the talk of the town but the market erased the losses from the potential increase on Friday. Bitcoin is holding up better than I expected. I’m bearish on crypto right now. Looking to add to long term positions. This is th...
Market Notes: Reports came out yesterday afternoon that the Biden administration is planning to float the idea of increasing the top tax rate (incomes of $500k and up) from 37% to 39.6%. A small increase… But the kicker is he allegedly wants to incre...
Market Notes: Yesterday’s session was a little odd. Everything that was flying earlier in the year bounced. Many giving a buy signal with a bullish engulfing pattern. I’m not rushing to buy anything just yet. But the signal was bullish for the market...
Market Notes: Another day of selling as earnings season kicks into high gear. NFLX missed a lot of expectations and fell dramatically in after-hours trading. I take this as a sign that lockdown plays are pretty much dried up. The indexes have slipped...
Market Notes: Bitcoin continues to hover in the mid 50’s. Meanwhile the joke Dogecoin is near all time highs. The internet decided to make the former weed holiday into dogeday this year… Fitting for the year of the meme. Markets are still boring so t...
Market Notes: Bitcoin fell nearly 20% off of recent highs over the weekend. Cracking the 50 days moving average for the first time in more than six months. If the downtrend continues Bitcoin could go into a bear market for the third time this year. I...
Market Notes: So far April, the best month of the year for indexes, has not disappointed. The major indexes continue to rally but the Russell 2000, which tracks the small caps, is lagging behind. Retail trading money has been shifting to crypto alt c...
Market Notes: COIN made its debut yesterday and was met with a lot of excitement and volatility. It ended the day with a market cap near $60 billion. As a comparison, ICE the parent company of the NYSE has a market cap of $67 billion. Bitcoin has hel...
Market Notes: Bitcoin has continued higher ahead of Coinbase’s (COIN) direct listing to Nasdaq. This morning the price peaked near $65,000. COIN has a reference price of $250 per share, a value that puts it in line with a recent round of private fund...
Market Notes: Markets are continuing higher it appears. Small losses yesterday as earning season kicks off. Many are calling for earnings blow-outs this quarter but some concerns remain. Michigan is seeing a huge surge of virus cases and the CDC reco...
