ONE-TWENTY TWO: Trading Financial Markets
Exploring the poetry in financial markets for students of money and economy since the year 2000.
Bitmine Immersion Technologies (BMNR) currently describes itself as a “bitcoin network company driving value through BTC treasury and multiple Bitcoin income streams.” This business model was clearly not working well enough, and is one of several pivots (a predecessor to BMNR was incorporated in the State of Nevada on August 16, 1995 as Interactive Lighting … Read more
Stock Market Commentary The stock market fell into chaos all over again as the U.S. retaliated against China’s tariff retaliation, hiking tariffs up to 104%. This escalation halted a rally that started as solid follow-through from the bullish engulfing bottom from the previous trading day. The whipsaw action underscored the fragility of technical setups in … Read more
Stock Market Commentary There is no support in a bear market. The market is extremely volatile, and conditions are changing daily. The market is showing clear signs of weakness, with all major trends pointing downward. The mixed messages from yesterday (Thursday) are converging more clearly on the messages of a bear market. The long-term, mid-term, … Read more
NVIDIA Races Ahead Money manager Cathie Wood of ARK Invest is known for being unconventional by making concentrated bets on highly speculative companies, what Wood calls betting on innovation that solves problems. So of course Wood has AI-related bets in the various ARK funds. The ARK Autonomous Technology & Robotics ETF (ARKQ) in particular holds … Read more
Stock Market Commentary The split personality of the stock market resolved into major breakdowns in the stock market on Tuesday…for about 30 minutes. Apparently increasing inflation fears gave way to the soothing words of Federal Reserve Chairman Jerome Powell at the Fed’s semiannual monetary policy report to Congress. Buyers quickly met the latest sharp and … Read more