Hut 8 Mining Corp. (HUT)

11.99
NASDAQ
Prev Close 11.97
Day Low/High 11.11 / 12.31
52 Wk Low/High 0.74 / 13.00
Exchange NASDAQ
Shares Outstanding 143.88B
Market Cap 1.72B
Div & Yield N.A. (N.A)

Even though some stocks have quickly become extended, there is likely to be much better support on pullbacks.

It is still early, but the character of the market action shifted on Wednesday, and the potential for a new uptrend is increasing.

And there isn't much clarity.

While there is plenty of bearish macro talk, traders still have plenty of cash they want to put to work.

AYX needs a bump in trend and momentum. Until we see that, it holds a place on my Monday watchlist.

The question now is whether the lows that were hit on Wednesday morning will serve as short-term support as we move into earnings season.

Traders are doing what they do when there's volatility.

Let's look at the moves in this bitcoin miner, Hut 8 Mining.

Here are some moves I'm starting to make right now, why I'm waiting for others, and how I'm looking toward bigger buys.

This action should help to set the stage for some good trading into third-quarter earnings.

But aggressive action by retail traders is one reason that I'm not too worried about a substantial correction at this time.

Here is my trading game plan for the cryptocurrency miner.

There are better bids today, and breadth is improving.

There's isn't any rush for the exits, but no rush to buy either.

It's important to trade what's in front of you rather than worry about what will happen tomorrow.

The Best Trading Right Now Is Mostly in Bitcoin Mining Names

The Best Trading Right Now Is Mostly in Bitcoin Mining Names

Even though some stocks have quickly become extended, there is likely to be much better support on pullbacks.

Indications of a Market Bottom Are Building

Indications of a Market Bottom Are Building

It is still early, but the character of the market action shifted on Wednesday, and the potential for a new uptrend is increasing.

We're Primarily in the Middle of a Trading Range Right Now

We're Primarily in the Middle of a Trading Range Right Now

And there isn't much clarity.

SPACs and Crypto Miners Are on My Radar

SPACs and Crypto Miners Are on My Radar

While there is plenty of bearish macro talk, traders still have plenty of cash they want to put to work.

Here's Where Alteryx Becomes a Buy

Here's Where Alteryx Becomes a Buy

AYX needs a bump in trend and momentum. Until we see that, it holds a place on my Monday watchlist.

We're Seeing Some Consolidation and Basing Action on Friday

We're Seeing Some Consolidation and Basing Action on Friday

The question now is whether the lows that were hit on Wednesday morning will serve as short-term support as we move into earnings season.

So Far, It's the Bears That Need to Reposition

So Far, It's the Bears That Need to Reposition

Traders are doing what they do when there's volatility.

HUT Might Be a Good Place to Hide Some Money

HUT Might Be a Good Place to Hide Some Money

Let's look at the moves in this bitcoin miner, Hut 8 Mining.

I've Got My Finger on the Trigger as the Stocks Start to Stabilize

I've Got My Finger on the Trigger as the Stocks Start to Stabilize

Here are some moves I'm starting to make right now, why I'm waiting for others, and how I'm looking toward bigger buys.

This Is a Very Broad Market Move

This Is a Very Broad Market Move

This action should help to set the stage for some good trading into third-quarter earnings.

Speculative Trading Has Cooled Off a Bit

Speculative Trading Has Cooled Off a Bit

But aggressive action by retail traders is one reason that I'm not too worried about a substantial correction at this time.

Shark Bites: Hut 8 Mining and Dealing With a Surprise Secondary Offering

Shark Bites: Hut 8 Mining and Dealing With a Surprise Secondary Offering

Here is my trading game plan for the cryptocurrency miner.

Several Lithium Miners Are Now on My Radar

Several Lithium Miners Are Now on My Radar

There are better bids today, and breadth is improving.

4 Stocks I'm Watching Amid Further Corrective Action

4 Stocks I'm Watching Amid Further Corrective Action

There's isn't any rush for the exits, but no rush to buy either.

This Continues to Be a Very Good Environment for Stock Pickers

This Continues to Be a Very Good Environment for Stock Pickers

It's important to trade what's in front of you rather than worry about what will happen tomorrow.