Tag: Stocks

Does Boeing Stock’s Massive Surge Mean It’s Finally Bottomed?

TradingBTC

Boeing stock surged past the rest of the Dow in Monday trading. But neither Boeing, nor the stock market have hit bottom yet. It took the stock market 16 months to reach bottom during the 2008 Financial Crisis. And this economic catastrophe is far worse. Boeing stock (NYSE:BA) led the rebound from last week’s selloff on Monday. While the Dow Jones Industrial Average traded over 1,000 points and 5% higher Monday morning, Boeing soared like a plane taking off from the runway with its flaps down. Compare Boeing stock’s nearly…

A Chilling 40% Stocks Drop Warning May Rattle Crypto Market

TradingBTC

The US stocks benchmark S&P 500 could fall by as much as 40 percent as the Coronavirus pandemic spreads further, according to Scott Minerd of Guggenheim Investments. If the chief investment officer is correct, then crypto tokens like bitcoin could also plunge massively heading further into this year. An Uncanny Correlation The global crypto market lately fell and recovered in tandem with the US stock market. A study conducted by Binance cryptocurrency exchange found that leading token Bitcoin formed a modest positive correlation with the stock market in the first quarter. Excerpts:…

4 Popular Robinhood Stocks to Time the Bottom of the Stock Market Crash

TradingBTC

Investors are keeping an eye out for the bottom of this year’s epic stock market crash. Individual or retail investor activity is a contrarian stock market indicator. Because they tend to sell the dip and buy the rip. So the following four popular stocks on Robinhood are worth tracking to help spot the bottom of this brutal bear market. Just two weeks into this year’s swiftest, most brutal stock market crash in history, some silly market watchers were already trying to spot the bottom. The Dow Jones, S&P 500, and…

2 Reasons a Deeper Correction in Stocks May End Bitcoin’s Rally to $8K

TradingBTC

The Bitcoin price (BTC) rallied to around $7,300 on April 3, and BTC is still holding onto the $6,700 support level, meaning the price could push the dominant cryptocurrency to the $8,000 area. But, a highly accurate hedge fund manager’s stock market warning could rattle the cryptocurrency market in the short-term. Dan Niles, the founding partner of Alpha One Capital Partners, said in a note to clients that the dire economic consequence of the coronavirus pandemic could lead to a steeper correction in the U.S. stock market. With Q2 earnings…

Binance Research Finds Bitcoin Correlated to Stocks — But Not For Long

TradingBTC

In a new report Binance Research found a ‘moderate’ positive correlation between Bitcoin and US equities during the first quarter of 2020 — but neither was correlated to gold. Bitcoin was down 10% over the quarter but still outperformed the S&P 500 which experienced a 19% drop. According to the report, the correlation was fairly high at 0.57, as shown through similar patterns in daily business day returns. Gold and long-term treasuries showed no relationship to other markets as they rose by 8% and 23% respectively. The good news for…

Decoupling? Bitcoin Price Surges Above $6.7K as Stocks Again Bearish

TradingBTC

Since topping out at $6,500 on March 31, Bitcoin (BTC) price had spent the majority of Wednesday in a steady slump which saw the price drop from $6,494 to $6,147. The pullback mirrored the poor performance in traditional markets where the S&P 500 and Dow dropped by 4.41% and 4.44% respectively.  The slump in traditional markets appeared to be a reaction to dismal news that the United States surpassed more than 200,000 Coronavirus cases. Earlier this week the White House also stated that it concurs with the estimate that up…

Bitcoin & Stocks Rise as US Economy Grinds to a Halt — Furloughs Soar

TradingBTC

Monday proved to be a surprisingly fruitful day for Bitcoin (BTC) price as the digital asset rallied 12.73% to $6,599 before pulling back to $6,380 a few hours later.  Despite gloomy news of the U.S. reaching 3,000 deaths from the Coronavirus and major retailers furloughing 500,000 workers, traditional markets also surged on Monday. The S&P 500 rallied 3.35% while the Dow and Nasdaq gained 3.19% and 3.62% respectively.    Crypto market daily price chart. Source: Coin360 As discussed in a recent analysis, the price of Bitcoin needed to reclaim the…

4 Reasons Now Is the Time to Buy Stocks – Not Sell

TradingBTC

Volatility in the stock markets is finally easing. Stock prices are low, providing a good entry point. It’s best to invest small amounts regularly than trying to time a market bottom. Last Wednesday, stocks posted their first consecutive gains since mid-February, suggesting that a month of dead cat bounces and significant declines could soon change course. Investor optimism continues even as Donald Trump extended lockdown measures until Apr. 30 and said that the national death toll could exceed 100,000. While the coronavirus is still spreading, here are four reasons why…

Dividend Stocks Are a Great Option During a Recession – Here’s Why

TradingBTC

Stock market volatility is high due to uncertainties regarding Covid-19 and how it will impact the economy. Dividend stocks usually withstand economic shocks better than growth stocks. High and sustainable dividends provide some buffer to your portfolio as you keep getting them during market downturns. Stock markets have been very volatile lately as a coronavirus-induced recession is looming. But a recession does not necessarily mean that you’ll lose all your money. Even when markets are plunging, you can still make money on stocks. High-yield dividend stocks can be an excellent…

U.S. Stocks Revival Fakes Out with 1929-Esque Bull Trap Warning

TradingBTC

The U.S. stock market is set to open with a 2% drop after a strong day of recovery on Thursday. Analysts believe the recent upsurge resembles the 1929 Great Depression bull trap. The number of coronavirus cases is still rapidly increasing and there are no clear fundamental factors to support an extended stocks rally. The U.S. stock market is set to open with a 2% drop as it pulls back from Thursday’s 1,350-point Dow Jones rally. But, analysts are unconvinced of the stocks recovery, pointing towards the massive bull trap…