Day Trading Academy

In this week’s Recap, Marcello talks about a study that shows that money does bring happiness, extreme weather hitting all over the globe, and some very volatile stocks.

Jeff Bezos former CEO of Amazon, who remains the world’s richest person, worth an estimated $205B, went past the edge of space (an altitude of 107 kilometers or 66 miles) above the Earth on Tuesday, aboard the New Shepard rocket owned by his space company, Blue Origin, as part of its 1st human space flight, thus fulfilling his life-long dream. The flight lasted 10 minutes & 10 seconds.

Chile’s primary elections give the communist candidate as loser; Carnival cruise lines shares fell -5.69% on Monday; Johnson & Johnson shares rises after Q2 results release; Researchers present robotic cutting simulator.

The post Recap July 25: Report: Money Does Bring Happiness, Extreme Weather, Volatile Stocks (Recap Ep133) appeared first on Investing & Day Trading Education: Day Trading Academy.

In today’s recap we talk about the North Pole moving at an alarming rate, new historic highs and riots happening in Cuba.

The U.S. S&P 500 as of last Friday was trading at nearly 22 times its projected earnings over the next 12 months, way above a 5-year average of just a bit more than 18. The benchmark index has now rallied +16.73% to date in 2021.

Unprecedented heat wave hits U.S. Pacific Northwest and western Canada; Goldman Sachs Q2 earnings beat all expectations; Singapore unveiled one of the world’s largest floating solar panel farms; Heavy rains in Germany trigger massive evacuations.

The post Recap July 18: North Pole Moving At Alarming Rate, Historic Highs, and Riots (Recap Ep132) appeared first on Investing & Day Trading Education: Day Trading Academy.

In this week’s recap, we find that U.S. stocks ended Thursday in the worst daily performance in nearly 3 weeks, as investors across the globe retreated from risky assets. Investors are increasingly concerned about U.S. labor shortages & supply chain bottlenecks, hurting overall economic growth.

In the U.S. weekly jobless claims report Thursday indicated an overall slowdown in job growth. 1st-time applicants for unemployment benefits unexpectedly jumped to 373K in the week ending July 3. Investors expected 350K for initial claims. The increase in initial filings for unemployment insurance comes after June’s jobs report last Friday with the U.S. unemployment rate rising to +5.9%, higher than was expected.

Officials in Australia, South Africa & Asia have recently reintroduced curfews or other measures to curb rising delta variant Covid outbreaks. Already the dominant variant in the U.S., the delta variant is predicted to hit the states with the lowest vaccination rates the hardest later this year. High vaccination rates in the U.S. & the warmer summer months have supposedly slowed the spread of the virus there.

The post Recap July 11: Exploding Cases, Exploding Prices, Exploding Disasters (Recap Ep131) appeared first on Investing & Day Trading Education: Day Trading Academy.

In this week’s recap, we find that U.S. stocks ended the week higher and at record highs after data indicated the U.S. economy is growing at a rapid clip & over the prospect of higher Q2 earnings, at the largest companies. Asian shares were mostly lower, as concerns over the spread of the Delta coronavirus variant have continued to dampen sentiment there. European stocks however moved higher in response to the new lower U.S. unemployment claims.

In the U.S. the number of people filing for unemployment benefits fell to 364K last week from 415K a week earlier, marking a new pandemic low. Applications for unemployment benefits have now fallen in 10 of the past 12 weeks. It is another sign that the American economy is rebounding, from the effects of the government-ordered business shutdowns.

Robinhood Markets, a hot investing app filed Thurs. for an IPO, which analysts expect will be about a $40B valuation. It had 18M funded accounts as of 03/ 31, with 17.7M monthly active users & $81B in assets under custody with +50% of its clients being 1st-time investors. Revenues grew 245% in 2020 to reach $959M. In Q1 2021, revenues grew 309% y/y although a $1.4B net loss was reported,

California to face energy problems in the coming months; Second quarter of US stocks ends positively; Free trade agreement with the U.S. would help Taiwan contain Chinese pressure; Facebook will not have to sell Instagram and WhatsApp; the UK bans Binance from operating in the country; Oil has fallen due to the expected increase in production; New generation of small nuclear reactors could be used in industrial processes; Emilio Flores is the oldest living person in the world; Canada & US Northwest now suffering from devasting wildfires (heat and drought).

The post Recap July 4: Records upon Records, Corona 2.0 Variant, Binance Banned in UK (Recap Ep130) appeared first on Investing & Day Trading Education: Day Trading Academy.

Binance banned in the UK (largest crypto exchange in the world). It is news of several days ago. We learned that Binance, one of the largest companies in the UK that offer services with cryptocurrencies, has been banned to stop its operation in that nation and clarify in their media about this ban.

The fact that Binance is banned in the UK (the largest crypto exchange in the world) is alarming and is a fact to analyze concerning the other situations that have been presented related to cryptocurrencies and Bitcoin. It is interesting what is happening because since the peak is seen in May in the cryptocurrency market, news about delicate situations that compromise cryptos in different countries has begun to come out and everything comes directly from governments.

We start with the UK justice department when it begins to investigate Binance and the lack of payment of taxes of its customers; China also began to remove the mining of cryptocurrencies in that country where precisely many companies were operating necessary for the operation of cryptocurrencies, and this is one of the reasons why you start to see this big fall, a deep setback with the price of bitcoin and some of the cryptos.

Now the largest crypto exchange in the UK is banned in this country, Binance is banned in the UK (largest crypto exchange in the world). The UK regulators have published on their website about this ban which expressly states that they cannot carry out any activity without a written authorization issued by the FCA, the UK regulator. Not being enough with the news of the ban, the FCA publishes on its website as an ultimatum, that before the end of June 30 of this year, the company Binance must put on its website and make it notorious, an announcement where it clarifies that Binance can not perform any regulated activity in the UK, this must also be issued both on the website and social networks and mobile application of the company.

The post Binance BANNED! UK Prohibits Crypto Trading appeared first on Investing & Day Trading Education: Day Trading Academy.

In this week’s recap, we see that global stocks finished mostly higher, with the NASDAQ achieving a record high and the S&P 500 reaching a record close, as investors reacted favorably to President Biden agreeing to a roughly $1T infrastructure plan, in hopes it will further stimulate the economy. Asian shares rose further on Friday, tracking gains from the U.S. on Thursday. MSCI’s broadest index of Asia-Pacific shares outside Japan climbed +0.58%, & the Japanese Nikkei 225 jumped +0.7% in afternoon trading to above 29K, after President Biden announced a bipartisan deal on infrastructure spending. A recovery in the U.S. economy is a boon for this export-driven region.

Data firm IHS Markit said Wed. its flash U.S. manufacturing PMI rose to a reading of 62.6 in June. The highest since the survey was expanded to cover all manufacturing industries in October 2009 & followed a final reading of 62.1 in May. However, manufacturers are still struggling to secure raw materials & qualified workers, substantially raising prices for both businesses & consumers alike.

Bitcoin falls below $30K, Tues. morning for the 1st time since Jan. It dropped another -8% of the valuation, after falling some -10% yesterday. Bitcoin down -54% from its mid-April peak of $64,788.00, paring its 2021 gain to just +4.4% & its market cap down to $554.78B. There has been an overall drop of over -$1.3T in market value, for the broader crypto market since the peak in May.

Panasonic shares rise after selling all of its Tesla shares; U.S. manufacturing orders increased in May; BuzzFeed would go public with an implied value of $1.5 billion; Biden infrastructure bill boosts Caterpillar shares; California governor to face recall election; India is diversifying its oil imports; Canada extending travel restrictions until at least July 21; record heatwave set to hit Northwest; shutdown at Iran’s sole nuclear site (china nuclear as well).

The post Recap June 27: Another Bitcoin Scam, Gavin Newsom Recall, Record Heat In Oregon (Recap Ep129) appeared first on Investing & Day Trading Education: Day Trading Academy.

In this week’s recap, we see how most of the world markets ended lower, including the US stock market. U.S. stock futures fell on Friday, as the Dow Jones fell over 300 points down near 1% & is on pace to post its worst week since January, down nearly 2%, as the Federal Reserve added 2 rate hikes to its 2023 forecast & increased its inflation projection for the year. Friday futures for the S&P 500 & Nasdaq were lower by nearly 1% & -0.50%, respectively. The prices of commodities had fallen sharply on Thursday, cutting into months of gains & weighed on equity markets, as China took steps to head off rising prices. The decline was widespread, with futures prices for palladium & platinum falling over -11% & -7%, respectively, along with declines of nearly -6% for corn futures & -4.8% for contracts tied to copper. Oil prices also down over -1%.

China has long been home to over 50% of the world’s Bitcoin miners, but the Chinese gov’t wants them to leave. Mining is the energy-intensive process that both creates new coins & maintains a log of all transactions of existing digital tokens. In May, it called for a severe crackdown on mining & trading. The exodus is underway, with many of the miners moving to Texas, which often has some of the world’s lowest energy prices, & its share of renewables is growing over time.

The U.S. Federal Reserve Bank (central bank) has provided an upgraded outlook for economic growth. The median projection among Federal Open Market Committee members is for the real U.S. GDP to grow by +7.0% in 2021, before slowing to +2.4% in 2024, with both projections higher than the previous +6.5% and +2.2%.

Current Microsoft CEO to replace John Thompson as chairman of the board; the UK has agreed to a free trade deal with Australia; Israel elects new prime minister by a razor-thin 60–59 majority; Bitcoin hit $40K after Musk’s tweets; The Philippines continues the Visiting Forces Agreement (AFV) with the United States; Fed’s position on interest rates affects the price of precious metals. Lots of weather events this week: floods, sandstorms, and droughts in the US, new plagues in Australia, among others.

The post Recap June 20: Did the Stock Market start to crash? Elon saves Bitcoin (Recap Ep128) appeared first on Investing & Day Trading Education: Day Trading Academy.

In today’s recap we talk about how El Salvador government says Bitcoin can now be used as a legal tender in the country and a higher-than-expected inflation rate in the U.S

Google will make changes to its global advertising business for the first time; The US approved the first drug to delay the deterioration of Alzheimer’s; AMC shares rose 14.8% on Monday and are expected to continue rising

The post Recap June 13: Bitcoin Money El Salvador, Inflation Skyrockets (Recap ep127) appeared first on Investing & Day Trading Education: Day Trading Academy.

Today we’re going to be talking about Robinhood, the 12 billion dollar valuation company that keeps going down, keeps getting hacked, and keeps stealing from their customers legally.

Unfortunately, Robinhood has revolutionized the industry in a bad way, thinking that everything is free, with no fees (when on the back end they’re literally allowing your orders to be manipulated), but people think for pennies and not in dollars, and now there was a recent situation where their accounts were getting hacked and this is not the first situation that they’ve had. On October 15th, 2000 accounts were hacked, and unfortunately for the users, there was nowhere to call because they don’t have a customer service number, so all of these people literally just had to sit there and watch the money be taken from their account and their positions liquidated.

But the real problem is this isn’t the first time. There’s just something wrong with Robinhood, they just haven’t invested properly or they haven’t developed it properly, because we don’t see any other companies actually having the same problems. If you just google “Robinhood system outages” you can see all the dates and the info. In downdetector.com you can actually see the number of times that Robinhood has actually gone down and there’s really no reason for this to happen.

If you have a Robinhood account or if you are thinking of opening a Robinhood account, there are other companies that are a lot more reliable to provide a much better quality of service than Robinhood. You can go to another company like Weebly or fidelity that offers zero-commission trading and really do the same thing and not have to deal with this.

The post The Great Robinhood Scam appeared first on Investing & Day Trading Education: Day Trading Academy.

Today’s video is about the crypto crash or the Bitcoin crash. Marcello is not particularly lean towards Cryptocurrency investments. He prefers stocks, mining stocks, silver, and other assets, but he acknowledges that cryptos, like any other investment, might lead to big gains. There has been some question lately. Why isn’t Bitcoin recovering? Why isn’t it going up as fast as before? and some other things that we should probably look for when talking about Bitcoin and Cryptos.

Using the TradingView platform, Marcello talks about the oscillation of Bitcoin prices through time and recalls that without using indicators you can achieve a good technical understanding of the market just by reading price. Every market has its own personality, and Bitcoin is not far from that. Marcello shows some patterns on the chart and teaches us how to identify those. Then he zooms in into the latest crash and identifies that the fall in prices happened very close in time to when it was rumored that the US government was going to investigate Binance, one of the largest crypto “brokers” in the world. This is important because it looked like the first time that the market responded to that kind of situation.

Then we have Elon Musk, the man of the hour. He started to get involved in Cryptos. Tesla sold some of its position and made billions of dollars, and then, out of a sudden, to not do Bitcoin anymore. That gave more impulse to the downside of the Bitcoin price. This doesn’t mean that Bitcoin won’t go up anymore. This kind of retracement is part of its normal movement. It took the market about 3 years to recover after each crash.

So with more potential regulations and investigations coming, and the appearance of other digital currencies (including the ones coming from central banks) a rising competence to Bitcoin and other Cryptos is on its way. Bitcoin, as it is decentralized, plays against the big ones who don’t want to lose their power in the financial system. This doesn’t mean that Bitcoin is going to go away. It can still be a financial asset, but it has a rough way ahead.

The post Why are Bitcoin Prices Crashing? Crypto Crashes Also appeared first on Investing & Day Trading Education: Day Trading Academy.