Markets
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SPX | S&P 500 Index Overview
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Bitcoin at ‘redemption arc’ as banking pressures rise, says AllianceBernstein
[]Cryptocurrencies are experiencing a “redemption arc,” as bitcoin rallies and investors keep a close eye on pressures in the U.S. banking system, according to analysts at AllianceBernstein. []Bitcoin BTCUSD, -0.63% tumbled harder than other major assets last year, but has rebounded sharply this year. []The recent turmoil in the banking sector, from the collapses of…
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Biden issues first veto of presidency over attempt to change ESG rules
President Joe Biden on Monday vetoed an attempt to change rules in retirement plans that dictate how much managers consider climate change, corporate board diversity and other factors when picking stocks and funds. It was the first veto of his presidency. Biden in a statement said fiduciaries “should be able to consider any factor that…
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Car companies stuck in slow lane
CHAPEL HILL, N.C. (MarketWatch) — Don’t bother. That, in essence, is the consensus opinion of the automobile industry from the top performing advisers I monitor. There are many other sectors that they believe to be far more attractive. To come up with what the top performers are saying, I relied on the criteria I utilize…
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Foot Locker stock falls as weak guidance overshadows plan to expand sneaker line and relaunch core brand
Foot Locker Inc. stock fell 3.9% Monday, after the sporting goods retailer’s softer-than-expected guidance weighed against a solid quarter and plans to expand its sneaker line. The New York-based company FL, -5.68% posted net income of $19 million, or 20 cents a share, for the fiscal quarter to Jan. 28, down from $103 million, or…
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My top 3 penny stock patterns [cheat sheet]
Stocks tend to move in 3 patterns. The way I visualize this is in breakdowns, continuation patterns (bull flag / pennant), and breakouts. Breakdowns and breakouts are my favorites because they present the most volatility and range in both directions. To better understand Japanese candlestick patterns I recommend The Candlestick Course. Fishhook (a.k.a. Breakdown) chart…
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Part 5 of 9: $2,000 Small Account Journey
In part 1, part 2, and part 3 of this 9 part series … … I taught why this strategy is better for trying to build a small account compared to penny stocks. Now let’s examine HOW it works. Options trading BLUEPRINT for traders with SMALL ACCOUNTS. HOW to get 3 ways to win on…
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ESG, ‘dirty money’ and tax benefits: Customized ‘direct-indexing’ portfolios aren’t just for the rich anymore.
A new kind of index investing is “direct indexing” — a customized basket of stocks that tracks the benchmark of the investor’s choosing. This bespoke approach offers many benefits, including tax-loss harvesting and the ability to tailor a portfolio to one’s preferred style factors or priority issues, such as environmental, social and governance (ESG). Direct…
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I LIVE for setups like this one
Has the market been trending higher in 2023? Absolutely. Did the market surprise many on Tuesday after it held up strong in the wake of a stronger than expected CPI inflation report? You betcha. That said, so far the market has remained locked in a range in February. Teachable Moment: Most people don’t think about…
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MNDY – Your Bullseye Pick of the Week
Editor’s Note: Jeff Bishop sent this email to his Bullseye Trades subscribers on Monday. It’s an exciting day as I reveal a new program called “Rocket Trades” today! Join me in the Shooting Gallery today @ 11am EST to learn all about it, and how I am laser-focused on finding 100% winners in this environment. …