Market Insights
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From Jerome Powell to $10,000 Bitcoin, a Lot Just Happened With Cryptocurrencies
Several big things just happened with cryptocurrencies, and they all seem bullish. Bitcoin (BTC) closed above $10,000 for the first time since September. Ethereum (ETH) also ripped through resistance around $224. Meanwhile, Google search data show interest in the...
Options in These Two Tech Stocks Are Suddenly on Fire
A pair of technology companies are suddenly on fire in the U.S. options market. International Business Machines (IBM) and Slack Technologies (WORK) and have both set records in the options market over the last few sessions. The surging activity is yet another example...
Nasdaq Leads a Rebound as Strong Data Keeps Sentiment Bullish
Stocks rebounded sharply last week as strong economic news gave investors a reason to stay bullish. The S&P 500 rose 3.2 percent between Friday, January 31, and Friday, February 7. It was the biggest weekly gain since early June. Technology stocks and members of...
Monex Crypto Market Weekly: February 7
This post is a translation of the weekly cryptocurrency analysis by Block Insight, a wholly owned subsidiary of Monex Group (Tokyo, Japan). Monex is the parent of TradeStation Group. Summary After initial weakness due to uncertainty surrounding the...
Uber Motors Into Earnings as IPO Market Comes Back to Life
One of the biggest IPOs in recent history reports earnings tonight, with investors looking for a big turnaround. Uber Technologies (UBER) has risen about 40 percent from its November lows. The ride-sharing giant's rally accelerated in January on hopes management would...
What’s an ABC Correction? Check out the S&P 500 This Week
Stocks have had an impressive run since breaking out in late October. Gains have been smooth and volatility has been low -- despite negatives like geopolitical risk and coronavirus. What if you missed the boat four months ago and needed an entry? The last two weeks...
Ethereum and Bitcoin Cash Surge as Cryptocurrency Rally Widens
Altcoins like Bitcoin Cash and Ethereum are ripping today as buying seems to widen in the cryptocurrency space. Ethereum (ETHUSD) is up more than 5 percent in the last 24 hours, while Bitcoin Cash (BCHUSD) has advanced 11 percent. ETHUSD is the world's second-biggest...
Fintechs Like Square Seem to Be a New Hot Spot This Year
As a new year gets underway, a new group is leading the market higher: financial technology, or "Fintech," companies. Stocks like Square (SQ) and PayPal (PYPL) not only stand at the crossroads of the new digital economy. They've also outperformed the S&P 500 and...
Oil Clings to Key Level as Coronavirus Adds to Bearishness in Energy Sector
Coronavirus has caused a lot of fear in the market, and it comes at an especially bad time for the energy sector. Crude oil already had a glut of supply because of rising production in the U.S. and Russia. Demand was flagging before the disease broke out in China, and...
From Jerome Powell to $10,000 Bitcoin, a Lot Just Happened With Cryptocurrencies
Several big things just happened with cryptocurrencies, and they all seem bullish. Bitcoin (BTC) closed above $10,000 for the first time since September. Ethereum (ETH) also ripped through resistance around $224. Meanwhile, Google search data show interest in the...
Options in These Two Tech Stocks Are Suddenly on Fire
A pair of technology companies are suddenly on fire in the U.S. options market. International Business Machines (IBM) and Slack Technologies (WORK) and have both set records in the options market over the last few sessions. The surging activity is yet another example...
Nasdaq Leads a Rebound as Strong Data Keeps Sentiment Bullish
Stocks rebounded sharply last week as strong economic news gave investors a reason to stay bullish. The S&P 500 rose 3.2 percent between Friday, January 31, and Friday, February 7. It was the biggest weekly gain since early June. Technology stocks and members of...
Monex Crypto Market Weekly: February 7
This post is a translation of the weekly cryptocurrency analysis by Block Insight, a wholly owned subsidiary of Monex Group (Tokyo, Japan). Monex is the parent of TradeStation Group. Summary After initial weakness due to uncertainty surrounding the...
Uber Motors Into Earnings as IPO Market Comes Back to Life
One of the biggest IPOs in recent history reports earnings tonight, with investors looking for a big turnaround. Uber Technologies (UBER) has risen about 40 percent from its November lows. The ride-sharing giant's rally accelerated in January on hopes management would...
What’s an ABC Correction? Check out the S&P 500 This Week
Stocks have had an impressive run since breaking out in late October. Gains have been smooth and volatility has been low -- despite negatives like geopolitical risk and coronavirus. What if you missed the boat four months ago and needed an entry? The last two weeks...
Ethereum and Bitcoin Cash Surge as Cryptocurrency Rally Widens
Altcoins like Bitcoin Cash and Ethereum are ripping today as buying seems to widen in the cryptocurrency space. Ethereum (ETHUSD) is up more than 5 percent in the last 24 hours, while Bitcoin Cash (BCHUSD) has advanced 11 percent. ETHUSD is the world's second-biggest...
Fintechs Like Square Seem to Be a New Hot Spot This Year
As a new year gets underway, a new group is leading the market higher: financial technology, or "Fintech," companies. Stocks like Square (SQ) and PayPal (PYPL) not only stand at the crossroads of the new digital economy. They've also outperformed the S&P 500 and...
Oil Clings to Key Level as Coronavirus Adds to Bearishness in Energy Sector
Coronavirus has caused a lot of fear in the market, and it comes at an especially bad time for the energy sector. Crude oil already had a glut of supply because of rising production in the U.S. and Russia. Demand was flagging before the disease broke out in China, and...