It should come as no surprise that they broke out in tandem on Tuesday. Here are my price targets.
Bitcoin, NFTs, ethereum or even the S&P are not what matters right now. They're simply a series of exciting developments that aren't putting people to work.
I'd rather be late jumping in on a bottom fish than jump in too early.
Stay focused on sectors and rotational action if you want to navigate the action.
If you're looking for the meme traders, we found them. They're trading cryptocurrencies ahead of the Coinbase direct listing.
How so? First, they are about more than just GIFs and JPEGs.
One group seeing some momentum today is bitcoin.
Money is rotating back into the FATMAAN names and the hot sectors are struggling.
Ever think you would see the day when all cash was digital so the federal government could place a negative interest rate (tax) on savings? I can see this coming from a mile away.
The market is dealing with a difficult transition as the economy struggles to return to 'normal.'
The big-cap technology stocks that were seen as safe havens during the COVID crisis bounced back.
Let this play out, and then revisit it if it's a sector that interests you because there could be something there worth considering.
The big cap technology names are doing much better.
As we pluck through the crypto moves, here's a tech name that stands out.
Let's look at how to play FNKO amid to NFT hype.
After the attacks on SOS Ltd, it's now trading with the crypto group, which is a positive. Here's how to play it now.
Traders have to move very quickly to stay ahead of the game.
NFT stands for non-fungible token, and it's one of many tokens now associated with the blockchain.
Concerns about inflation are starting to cool and small investors are still anxious to put cash to work.
Where there will be change with the FOMC will be in the economic projections, the first made since December.
Let's take a look at bitcoin futures and GBTC using Japanese technical analysis techniques.
In the short-term MSTR is going to be tied to the movement of bitcoin.
The $1.9 trillion in additional federal stimulus when the economy is already quickly recovering is causing inflationary fears to flare up again.
The key here is bonds.
Technology names and 'stock picking' are bouncing back Tuesday morning as concerns about interest rates start to cool.
I still really like AAA-rated CLO ETFs.
Momentum is nowhere near where it was a few weeks ago, but there are a couple of dozen stocks up more than 10%.
Based on the technical patterns, the risks of being long bitcoin and other cryptocurrencies appear high right now.
Action like we had on Monday helps create a large supply of buyers looking for entry points.
The belief that a lot of companies will adopt bitcoin on their balance sheets is heavily overstated.
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