Bitcoin’s Surge Wasn’t Sustainable so Its Latest Retreat Is No Surprise

– Bitcoin prices were backing down on Thursday from another surge akin to its sudden rise in late 2017 – By Tiernan Ray, TheStreet.com There goes bitcoin. After soaring almost 20% on Wednesday alone to just below $14,000, the virtual currency succumbed to gravity on Thursday morning, dropping below $12,000.  The price of bitcoin had surged by more than 80% in less...

Handicapping the chances for a second-half rally in stocks

The major indexes have stretched to all-time highs and are riding one of their best first halves in decades. Here’s a rundown of what history says about the market’s prospects after this kind of performance through June. How much running room is there overhead, with no escape from the familiar questions about the time left in this economic expansion? By...

Handicapping the chances for a second-half rally in stocks

The major indexes have stretched to all-time highs and are riding one of their best first halves in decades. Here’s a rundown of what history says about the market’s prospects after this kind of performance through June. How much running room is there overhead, with no escape from the familiar questions about the time left in this economic expansion? By...

Futures Traders Counting on Rate Cuts Before Fed Telegraphs Them

Last week, the Federal Reserve Open Market Committee, which sets the target Fed Funds Rate, all but said it was happy with the way things are, and believes things will remain as-is at least through the earliest part of next year. Not too hot, and not too cold, the voting members of the Fed maintained their target range between 2.25%...

Futures Traders Counting on Rate Cuts Before Fed Telegraphs Them

Last week, the Federal Reserve Open Market Committee, which sets the target Fed Funds Rate, all but said it was happy with the way things are, and believes things will remain as-is at least through the earliest part of next year. Not too hot, and not too cold, the voting members of the Fed maintained their target range between 2.25%...

Weekly Market Outlook – Did Triple Witching Paint a Misleading Picture?

With last week's big move following the impressive start to the new month, this particular June is shaping up to be a record-breaker. Yet, that factoid is suspicious in and of itself, even if the current month had the advantage of starting out following a particularly bearish May (which followed an unusually bullish April). Given the pattern – and the...

Weekly Market Outlook – Did Triple Witching Paint a Misleading Picture?

With last week's big move following the impressive start to the new month, this particular June is shaping up to be a record-breaker. Yet, that factoid is suspicious in and of itself, even if the current month had the advantage of starting out following a particularly bearish May (which followed an unusually bullish April). Given the pattern – and the...

Chart School: Big FANG Trade Win Shows Power of Rarely Used DMI Tool

Earlier this month the FANG Options Trading Advisory scored a big, and quick, win on some Facebook (FB) calls. Specifically, on the 14th we paid $9.45 for some Facebook June monthly (06/21) 172.5 calls (FB 190621C172.5), and were able to sell those calls on Monday the 17th – the next trading day – at $16.68 per contract. That's a 77% score in...
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