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Yesterday we noted the weakness in "safe havens." Today we'll build on that with some related points. In particular, Cboe's Volatility Index, the VIX, isn't showing much fear. The "fear index" is now back under 24, near early-August lows. However, it's well below the...
The Nasdaq-100 has been fighting a downward sloping trendline for most of November. Click here to view the related idea and chart analysis on TradingView.
The rotation continues. "Stay at home" stocks and safety plays are struggling as investors focus on reopening stocks. This has lifted financials, industrials, energy and small caps. Auto stocks are also surging. Notice 5-day weakness in Utilities (XLU), Health Care...
Many stocks have hit new highs this month, but Amgen isn’t one of them. Click here to view the related idea and chart analysis on TradingView.
As we mentioned yesterday, Bitcoin has been running toward new highs. Now Ethereum is on watch. Both cryptocurrencies have grappled with resistance from their consolidation over the last three years. BTCUSD broke above its June 2019 high at the start of this month and...
United Parcel Service has been one of the bullish surprises of 2020 and the coronavirus pandemic. Trend followers may return after this pullback. Click here to view the related idea and chart analysis on TradingView.
Chinese electric-car maker Nio has been one of the biggest gainers in 2020. Tomorrow afternoon is a key moment because quarterly earnings are due. While the Google Trends shows NIO's popularity taking off in June, there were early signs of its potential to climb. In...
Bitcoin broke above $16,000 today for the first time since January 2018. Here are a few incremental positives. Cointelegraph reported that SkyBridge filed a prospectus with the SEC on Friday. It said capital could be allocated to "companies providing technologies...
Some traders may remember the historic selloff in the U.S. dollar that began in late 2002. Current conditions appear similar. Click here to view the related idea and chart analysis on TradingView.