Latest Market Insights
Bitcoin is an asset class that I’ve been following closely since 2013 both as a technology enthusiast and a trader. The explosion in price from $13 per coin to over $1,000 during just that year was evidence enough to me that this cryptocurrency had some merit.
BTCUSD (Bitstamp) Each bar represents 1 week of tradingRead More
$SPY is pulling back for the third day in a row into a rising 20 period EMA on the daily time-frame but the trend that started in February is still firmly in tact. We’re looking at hourly charts below and I want to point out the importance of this 208 level in the near term.
208 was Friday’s lows and we undercut those levels this morning and then quickly pushed back above it heading into the lunch hour. That is constructive, and something we’ll be watching closely into the close to see if it can hold.
Everyone’s had their eyes eyes on crude oil over the past year for obvious reasons but if we look beyond oil there’s more to pay attention to.
$DBC is an ETF that tracks a basket of the major commodities. It includes things like gasoline, heating oil, Brent crude oil, WTI crude oil, gold, wheat, corn, soybeans, sugar, natural gas, zinc, copper, aluminum and silver.