Looks like a pullback. For the First Time in History, the Fed Is Reporting Billions in Losses Weekly; It's Still Paying High Interest Income to the Mega Banks on Wall Street
Looking for an actual push down tomorrow. So far we just stutter stepping down. Last 2 weeks have just been range trading in lower ranges.
4/10: More news on GRRR ($.65) 10-1 reverse split on 4/15: LONDON, April 10, 2024 (GLOBE NEWSWIRE) -- Gorilla Technology Group Inc. (“Gorilla”) (NASDAQ: GRRR), a global leader in Security Intelligence, Network Intelligence, Business Intelligence, and IoT technology, today announced they have signed a Memorandum of Understanding (MOU) with Thames Freeport, a pivotal hub for trade and logistics in the United Kingdom. This strategic alliance is set to revolutionize the Thames Freeport area, aligning an ambitious Smart City Strategy program and leveraging the Thames Freeport Investment Fund to drive innovation and sustainable growth.
Getting that volatility spike. Time to start getting into stocks for the upswing. Anyone think we get a 4-week losing streak (this week would only be 3)?
Gold moving higher despite a strong dollar, commodities generally are pretty strong lately. GDX has really underperformed against GLD though
Lots of relative strength in tech stocks. That's why I doubt the market goes much lower once it finds its footing this week.
#1 Pick: GRRR: $5.73 + 7% - on NASD before 5/1/24. Revs + 186%. AI & Cybersecurity. Available float approx. 4M shares. Shorts are gone. ETFs, Institutions & Hedge funds can when on NASD. Just had 10-1 split.
Stocks are poised for a "reset," according to Technical Traders' Chris Vermeulen. Defensive areas of the market are rallying, which is typical in a late-stage bull market. Bull markets are inevitably followed by bear markets and a financial reset, Vermeuelen warned.
Netflix to stop reporting subscriber tally as streaming wars cool | Reuters How do you value NFLX here? This stock always makes major move based on the subscriber numbers
10% correction could be coming for the NASDAQ if the tech earnings don’t deliver next week NVDA down 9%
Bad news on front Aspike in mortgage rates — plus high prices in the current spring market — pushed the cost of a home purchase up to a new all-time high. The median monthly payment for a home climbed to $2,775, which is a record high and an 11% increase from a year ago, according to Redfin.
Some guy on Wall Street things bull soon based on VIX The uninversion of the VIX means that "markets see lower probabilities of a major high volatility event in the near term," Lee said. The last time the VIX experienced an inversion and then subsequent uninversion was in March 2023, which marked a local bottom in the stock market and was followed by a massive year-long rally to the upside.
I keep finding it fascinating how things always turn around. ARK was the darling of the fund world, and now its the opposite.
