Stocks End Trading With A Losing Week

On Friday, the DOW gained 225.96 points or +0.65%, to 35,120.08, but that wasn't enough to finish the week in positive numbers. The S&P 500 followed suit adding +0.81% to reach 4,441.67, and the NASDAQ rose +1.19% to close at 14,714.66.

However, all three major stock indexes finished the week lower. The Dow dipped -1.1% this week, while the S&P 500 shed nearly -0.6% and the NASDAQ moved -0.7% lower. Continue reading "Stocks End Trading With A Losing Week"

The 2021 Guide to Cryptocurrencies (Part 2)

If you’re like me, when I first got the cryptocurrency bug, I was overwhelmed by the concepts, technicalities, and mounds of jargon. All I really wanted was for someone to just give me some short snippets about the most important topics I needed to know. And to leave the minutiae for a later time.

Well, if that sounds like you, you’ve come to the right place. In this second part of The 2021 Guide to Cryptocurrencies, I’ll take you through two topics that are key to getting involved with the cryptocurrency and blockchain space: Why you should think hard about owning a little bitcoin and where to get started with a cryptocurrency exchange.

And in case you missed it, don’t forget to check the first part of this series. It has valuable information about what the blockchain really is, what cryptocurrency really means, and whether or not they’re right for you. It would be a good primer for this issue but isn’t necessary.

So, let’s get to it! Continue reading "The 2021 Guide to Cryptocurrencies (Part 2)"

Bitcoin Buy Setup In Profit Range

It looks like I have posted the Bitcoin Bullish Setup at the right time as the price precisely followed the preset path - first down into a correction, which hit the minimum area of 38.2% Fibonacci retracement level. Then up to break above the first minor top, that activated the buy trade setup.

The majority of readers were bullish, with 61% votes.

Bitcoin Daily Chart

We can see the clear difference between outlooks and setups. I posted both the Bullish setup and the Bearish setup in case the correction would be extended. They were based on opposite outlooks. We do not have to guess; we wait for which setup would work. Continue reading "Bitcoin Buy Setup In Profit Range"

Stock Market Grinds To New Highs

The DOW finished the day up 15.53 points or +0.04% to close at a record 35,515.38, while the S&P 500 added +0.16% and finished at 4,468, a new closing record. The NASDAQ ticked up just +0.04% to close at 14,822.90. http://ow.ly/Y88o50FQN4h

The DOW and the S&P 500 rounded out the week with gains of +0.87% and +0.71%, respectively, amid light summertime trading volumes. That makes two weeks in a row that both indexes have finished in the green. However, the tech-heavy NASDAQ underperformed this week, finishing down just under a tenth of a percent at -0.09%. Continue reading "Stock Market Grinds To New Highs"

The 2021 Guide To Cryptocurrencies (Part 1)

Welcome to the 2021 Guide to Cryptocurrencies! If you’ve ever wondered what cryptocurrencies are all about, you’ve come to the right place!

This guide is perfect for just about anyone. In fact, you could be a seasoned crypto investor, a new investor to the space, or just someone who wants to learn more. No matter how you got here, this guide is built for you.

I’ve taken topics that are key to learning more about cryptocurrencies and blockchain. Then I’ve combed through every article I’ve written for INO.com over the past few months. Out of that pool of articles, I’ve selected just the right mix that are ideal for the topics you need to know about.

But before we get started, a quick word of caution. If you’re going to invest in cryptocurrencies – and there are good reasons why everyone should own a little – remember that the entire space is risky, highly volatile, and unpredictable. So, if you’re going to take the plunge, don’t devote more than 1% to 2% of your portfolio. And ask yourself if you’d be comfortable losing that 1% to 2% because you just might.

Now, with that out of the way, let’s get to the 2021 Guide to Cryptocurrencies! Continue reading "The 2021 Guide To Cryptocurrencies (Part 1)"