Category: Finance
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![US Bitcoin ETFs begin first day of trading]()
US Bitcoin ETFs begin first day of trading
Bitcoin bulls have been waiting for this news. The biggest catalyst touted by Bitcoin traders and investors was the SEC approving US Bitcoin ETFs. That day has come and US Bitcoin ETFs have begun trading today. The SEC approved the first ever batch of Bitcoin ETFs to come out of the US with the green…
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![Markets mixed as Canadian employment rate remains steady 01-05-23]()
Markets mixed as Canadian employment rate remains steady 01-05-23
The TSX edged up 13.61 to 20884.96. TSX Venture slipped slightly 2.94 to 548.62 while the CSE Composite similarly dipped to 169.24. Canada’s unemployment rate remained relatively unchanged at 5.8% at the end of December. Even though job growth was non-existent, wages did increase for those working above the 49th parallel. Base Metals and Industrials…
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![Stocks extend slide to start of the year as Fed path remains uncertain]()
Stocks extend slide to start of the year as Fed path remains uncertain
Are you sick and tired of market pundits and mainstream financial media telling you the Fed is done raising then to flip saying rate cut interests have waned? Well be prepared for more. And this just means more uncertainty. The market narrative has been about the Federal Reserve, interest rates, and a successful soft landing.…
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![One of the top performing commodities of 2023 was… orange juice?!]()
One of the top performing commodities of 2023 was… orange juice?!
Yup. You read the title of this article correctly. One of the best performing commodities of 2023 was orange juice. Some of you may be surprised that orange juice even has a tradeable market, but yes, one can trade orange juice futures and CFDs. As we close out the year, let’s look at the year…
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![Meme Stocks and AMC – Can you force value just cause you like it?]()
Meme Stocks and AMC – Can you force value just cause you like it?
As I wrote in an earlier article about meme stocks, the arc of Gamestop is a precipitous disaster. The stock gained fame when Flaming Kitty sold a bunch of investing newbs who found the internet more interesting than the real world, that Gamestop, despite obvious fundamental weaknesses, was going to the moon. The whole venture…
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![The Trading Desk: Commodities and the Santa Claus Rally]()
The Trading Desk: Commodities and the Santa Claus Rally
Ah the last two weeks of 2023. The Christmas to New Years holiday trading tends to be quiet in terms of economic data and corporate press releases. Most institutional traders are on holidays. Retail traders have nothing better to do. Because of the lower liquidity, these few weeks tend to see either range bound price…
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![Dow Jones hits new record highs as Fed dot plot shows three rate cuts in 2024.]()
Dow Jones hits new record highs as Fed dot plot shows three rate cuts in 2024.
Recent price action on US stock markets indicated that investors were expecting a dovish Fed. In fact, we have already discussed the major shift in Fed Fund Futures probabilities being the factor in stock markets rising. Even with Powell indicating that the Fed will be pragmatic and more rate hikes may be needed, it seems…
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![Bitcoin to $50,000 by year end?]()
Bitcoin to $50,000 by year end?
Back on October 24th 2023, I laid out my technical analysis for Bitcoin and told the bulls that a major breakout had triggered. The breakout zone was the $31,000 zone and I expected upwards momentum while the price of Bitcoin remained above this price level. In that article, my next resistance zone came in at…
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![How will the Stock Market Perform in 2024?]()
How will the Stock Market Perform in 2024?
We are nearing the time of year when investors attempt to look ahead to safe guard or grow their holdings, so the question on everyone’s mind is how will the stock market perform in 2024. Are we in for another bullish run or is it time for an abrupt correction? How will either affect your…
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![Top 5 stock gainers and losers December 1, 2023: JPWR.H, PM.C, CRD.V]()
Top 5 stock gainers and losers December 1, 2023: JPWR.H, PM.C, CRD.V
Building on yesterdays report, we will take a quick look at todays top 5 stock gainers and losers up or down double digits on the Canadian stock markets. Here is a summary of the intraday action of assets: Top 5 Gainers Jade Power Trust (JPWR.H) Market Cap ~ $2.67 million Jade Power Trust is a…
