US SEC approves 11 spot bitcoin ETFs | Reuters Bitcoin not moving much though, might be a sell the news event actually.
Market reaction wasn't too bad after a rather hot CPI data NVDA, MSFT and AMZN all in the green and as long as those mega tech names continue to do well, downside might be limited for the indices. A March rate cut looks pretty unlikely now but I guess as long as the economic data shows there is no US recession then the market should continue to hold up well at least for the near future.
Exclusive-Bain, Hellman & Friedman vying to acquire DocuSign -sources (yahoo.com) Got in at $59.79 to play a little bit, could easily lose money though if the buyout isn't happening
PDD is the only Chinese stock I would consider buying at this moment, at least Temu seems to be doing well
It seems to me that the markets are making less sense and are more incomprehensible than ever! So far today, the Dow is UP 143 points, NASDAQ UP 96 points, SP500 UP 23 points (across all three, up approximately 0.5%) and yet DECLINERS 59% outnumber GAINERS 39% (implying 2% unchanged). For one day, this is not that unusual. But there seem to be an abnormally large number of discrepancies in the markets, increasingly so over time. Further fueling the speculation (some say fact) that the market is being manipulated, to the point of being RIGGED.
Small caps have been very weak lately. Such that they are negative this year, while SPX is hitting its all-time high today.
Seems like AI/tech continue to push this market higher, SMCI having a crazy day while NVDA and AMD continue to surge
My best suggestion probably is not to touch any Chinese stock but I am getting a little tempered here for a shorter term trade, BABA is looking pretty cheap now and they might just need a little bit of good news to surge higher
BABA could get cheaper! China is going to be interesting over the next 10yrs, not like the previous 10 thats for sure
Sure it can get cheaper and even a lot cheaper, I am still hesitant to play it even though I am tempered to do so
Is DWAC going to be more valuable than Xitter? I'm back in BABA. If it can hold the low of this month, then it should easily make it back to $90, the pivot for 2024.
Looks like you are making some money from BABA Let's see if the Chinese stocks have bottomed at least for the very short term
I just did the 50 year chart on Disney and hitting a bottom on uptrend great time to buy! Check thread. I see more up days in market.
Wow a pretty big selloff Don't know why the market has been betting on a March rate cut before today, just pretty much impossible when the economic data didn't fall apart.
