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Showing posts with the label DOW

Friday - Rollercoaster

  DOW gained 300 points yesterday. Everything was mainly unchanged except for Crypto which saw a good gain through algorithmic buyings, since the volume was low. Home sale data was better than expected. Although another 870k people applied for unemployment, but we are not that far from all time highs, however, 50 day MA failed to halt the retreat in US benchmarks and now investors are eying 200 MA. Democrats are proposing $2.4 trillion stimulus to white house and the republican senate. Some economists doubt more funding for this year.  Trump in his speech mentioned that the vaccine will be out earlier than expected. Maybe Oct? Amazon announced its new gaming service, Luna Controller. Spotify patterned with Chernin Entertainment to adapt podcasts streamed on its platform for film and TV. Deliveroo, a UK based food delivery startup that is backed by Amazon, is exploring an IPO by 2021. ChargePoint Inc., an electric charging point network, announced its initial public offering pl...

Tuesday - Mixed Markets

Tesla usually has a pull back every 6 to 9 month. If the battery reports are anything but great, then it could be the trigger today. Microsoft has plans to acquire video game giants Bethesda's parent company ZeniMax Media for $7.5 billion, to crush Sony. Nvidia buying ARM from SoftBank could make them the most important chip player of the decade, challenging Intel and AMD. Does it worth $40 billion? DOW went down about 900 points at some point yesterday. Crude fell about 4%. But there was a rebound by the end of the day. Although I agree with other blogs that we might be in a bearish situation, but I think when everyone thinks we are bearish it's time for a bullish trend. That's why I believe today the market will finish mixed. Since banks are going to create more inflation in this environment, gold and silver are a buy. After the money laundry news, now there are secret files floating around saying North Korea has been laundering money through American banks. The fourth qu...