All five major equity averages are above what’s called a “golden cross,” which occurred when the 50-day simple moving average crossed above its 200-day simple moving average, indicating that higher prices lie ahead.
Traders buy weakness to a value level that is below the current market price. Traders reduce holdings on strength to a risky level that is above the market price. A pivot is a “magnet,” which was once a value level or a risky
Wall Street is working on a new platform which will ease the trading, storing and spending digital assets. That’s bullish for bitcoin and other cryptocurrencies. It will help them gain acceptance among investors, merchants and consumers.
Last week, Intercontinental Exchange (ICE) announced plans to form a new company, Bakkt, with the purpose to create an open and regulated global ecosystem for digital assets. The new company is expected
The price of bitcoin surged above $8,000 last Tuesday for the first time since May after the Group of 20 (G20) meeting in Argentina concluded with little urgency to take regulatory action on cryptocurrencies. In a communiqué, G20 finance ministers and central bank governors expressed confidence that the technology underlying alt-coins “can deliver significant benefits to the financial system and the broader economy.”
Keep in mind, though,
When taking a glance at the performance of investments in stocks, currencies, and commodities -- which is compiled by the Wall Street Journal for the second quarter of 2018 -- one is struck by the fact that all of the top five performers were commodities. Lean hogs took the top honors, followed by crude oil.
Crude’s position didn’t surprise me. Way back in February 2016 -- when West Texas Intermediate (WTI) was trading at $26/bbl. -- I
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