Page 17 - Technically Speaking News Today : Breaking News, Live Updates & Top Stories | Vimarsana

A technical look at previous major peaks in soybeans.

  It’s been a wild week in the markets, but just when you think it can’t get any wilder, in swaggers Elon Musk and a $6k pump in little over an hour. The US isn’t even awake yet – are we just getting started today? How did we get here? The big story this week has been the WallStreetBets drama, which appeared to reach a crescendo yesterday when brokers including Robinhood and Webull, made the decision to suspend trading of GameStop, AMC and other stocks involved in the big Reddit short squeeze. The backlash has been swift and vicious from across both the political spectrum and wider s...

  If Bitcoin is f*ck you money, does that make GameStop a f*ck you stock? All eyes this week have been on Reddit traders, who have arrived at the blackjack tables fully armed with their sacks of pennies and battered old card counting books, ready to bankrupt the casino through sheer numbers and cunning. Cryptocurrency has been turning monkeys into millionaires for a while, but it’s nice to have a bit of company at the table. Is this the lesson that Wall Street has been waiting for? If you’re looking for a more secure investment, Melvin, come and check out Bitcoin.

  Beware FUD! Last week’s barrage of mistruth reportedly claimed a major victim in software company NexTech AR Solutions, which sold off all 130 of its Bitcoins (worth roughly $4 million), citing reports of a possible “double spend” on the blockchain. The supposed double spend has now been shown to be nothing of the sort, but it was still credited for much of last week’s downward price action. An important lesson for newcomers to the space – do your own research and don’t believe everything you read. Certainly don’t make $4 million decisions off the back of easily-disproved non...

During the last few weeks, I have discussed the  On Friday, I tweeted the following: Money flows very close to flipping negative. I might be a few days early but we are dropping #equity exposure by selling our long-index trading positions for now. Rotation back to #FANG also suggests concerns about the #reflation trade. pic.twitter.com/g8rM6Wx9Qn Not surprisingly, I received more than a few emails chastising me for  “bailing on the bull market, which is going higher.”  Such is hardly the case. We reduced our weighting in our  “indexed” positions, which we use for overweighting e...