Day Trading Academy

In this week’s recap, U.S. benchmark indices were slightly higher, as investor concerns over the consequences of a strong economic recovery, marked by surging inflation, continued to trouble the overall market. Friday, May jobs report showed solid gains, boosting investor confidence in an economic comeback.

Russia has been gradually reducing its dollar holdings since the imposition of Western sanctions following the annexation of Crimea in 2014. On Thursday, Russia says it will end all U.S. dollar assets in its National Wealth Fund & increase holdings in Euros, Chinese yuan & gold in what some analysts say is a political move ahead of a presidential Russia-U.S. summit later this month.

Oil prices extended gains, ahead of an OPEC+ meeting & on investor optimism that fuel demand will grow in coming months, as the U.S. summer driving season gets underway & the global economy continues to recover from the pandemic. Investor concerns over global inflation drove gold + 8% in May above $1,900, & silver firmly above $28.00 . Heading higher as the U.S. Fed is not yet ready to tighten its ultra-loose monetary policy, even as inflation pressures continue to rise. Gold/silver benefit as real interest rates remain in historically low negative territory.

Cyber attack paralyzes JBS SA operations in Australia and the United States; president of Chile will promote the same-sex marriage bill; AMC Entertainment shares continue to rise; the European Commission plans to create a digital identity wallet; global M&A activity hit a record for the third month in a row; Biden changed the proposed 28% corporate tax increase; Google is being investigated by the German government.

The post Recap June 6: Elon Musk Breaks Bitcoin Again, Minimum Global Tax, Meme Stocks Explode (Recap Ep126) appeared first on Investing & Day Trading Education: Day Trading Academy.

In this week’s recap, US and global markets generally closed higher as investors became increasingly convinced that the US Federal Reserve and other central banks will maintain their financial support, despite an outbreak of higher inflation in the short term. The U.S. Russell 2000 is a small-capitalization stock index & is closing in on the longest monthly win streak since 1995. It is now at 2,273.07. It has been up for the last consecutive 8 months & is nearing its all-time high of 2,360.17. The index is up +15.10% in 2021 & +62.28% y/y.

The U.S. dollar is near its lowest levels this year, after U.S. Federal Reserve officials reaffirmed a dovish monetary policy stance, providing yet more assurance to investors worried about the inflation outlook. Massive & unsustainable spending by the federal government has been causing great concern among many analysts & economists.

U.S.-based AMC Entertainment world’s biggest movie theater chain, saw its shares surge +19.96% on Tues with +200M shares traded. Shares climbed higher Wed & increased another +35.58% on Thurs. Friday pre-market already higher by over +18% at over $31.00 a share. Largely due to investor enthusiasm thru social media. Shares +1,150.94% in 2021 & +423.08% y/y, w/ market cap of $8.81B.

US GDP estimate for Q1 falls short of expectations; Nvidia’s revenue increases sharply with strong demand for chips; fear of inflation and increase in coronavirus cases raised the value of gold; extreme volatility continues in Bitcoin and other cryptocurrencies; false bomb threat on a plane generates panic in Belarus; Amazon is buying MGM Studios for $8.45B; Xiaomi Corp reported Q1 revenue growth of 55%; level of Covid-19 cases in the US is the lowest in almost a year.

The post Recap May 30: Reddit Gamestop 2.0, Crypto Crash, Gold Spikes (Recap Ep125) appeared first on Investing & Day Trading Education: Day Trading Academy.

In this week’s recap, U.S. stocks rebounded on Thursday after U.S. jobless claims data indicated that the labor market continued to recover, helping major indices break a 3-day losing streak. Had been under pressure after concerns that rising inflation could prompt central bankers to pare back easy-money policies.

Bitcoin, which shook markets earlier in the week with a 28% plunge, was stable for a 2nd day early Friday between the $40K to $41K range. The cryptocurrency market stabilized after a week of pain triggered by a Chinese regulatory move & forced selling. Other coins along w/Bitcoin slumped too, such as Ether’s -17% weekly plunge. Thursday, it emerged the U.S. requires crypto transactions of $10K or more to be reported to tax authorities. U.S Treasury: “Cryptocurrency already poses a significant detection problem by facilitating illegal activity broadly including tax evasion”.

U.S. Treasury Department report said the tax gap is now estimated to be about $7T over the next decade. Around 80% of the gap is from underreported income, largely from income sources like proprietorships & partnerships among the wealthy. President Biden wants to increase tax compliance from the rich, (+$400K a year) to raise revenue for his American Families Plan (expanded education, child care & paid leave).

Tesla shares down, influenced by Burry’s statements; Bitcoin fell -13% after new bans on Chinese financial companies; DarkSide received $ 90M in bitcoin for ransom payments; the population of bald eagles in the US has quadrupled its number; Gates resigned his seat on Microsoft’s board due to an affair with an employee; AMC shares rose again with the reopening of theaters in the US; Lamborghini will transition to hybrid and electric cars in this decade.

The post Recap May 23: Bitcoin/Dogecoin collapse, Inflation Fears (Recap Ep124) appeared first on Investing & Day Trading Education: Day Trading Academy.

In today’s recap, we talk about how Elon Musk is affecting the behavior of Dogecoin and other cryptos; There’s an undergoing investigation for Binance, and the armed conflict between Palestine and Israel is rising.

Tesla CEO Musk said Wednesday that Tesla has suspended vehicle purchases using Bitcoin, out of concern over the rapid increasing use of fossil fuels for Bitcoin mining. The price of Bitcoin dropped about -5% in the 1st few minutes after the announcement. It has since dropped a total of -12% to below $50K, once again. In an SEC filing in February, Tesla had revealed that it bought $1.5B worth of Bitcoin.

U.S. prices for used cars jumped +10.0% in April; Biden restarted construction of the wall on the country’s southern border; High lumber prices in the US force to look for other materials to build homes; Inflation expectations increase over the next half decade.

The post Recap May 15: Elon Musk Dogefather, Binance Investigation, War in Israel (Recap ep123) appeared first on Investing & Day Trading Education: Day Trading Academy.

Dogecoin, an altcoin outside of Bitcoin, has seen a huge rally in the last days. There was a cyberattack that forced to shut down the largest gasoline pipeline on the East Coast, and the US in general.

Another crypto-currency mania is taking over the market as a parabolic rally for altcoins outside Bitcoin, is taking the value of all digital tokens past $2.3T. Dogecoin a crypto that started as a joke, was traded at $0.68 on Tuesday, +131% over past week, & over +11,000% so far in 2021. One can calculate that a $1,000 dogecoin investment on Jan. 1, 2021, when it sold for less than a cent per coin, would have been worth $121,052 at Wednesday’s high of $0.69, a gain of more than 12,000%.

Increased inflation due to government spending worries analysts and investors; Peloton shares plunged following the announcement of the recall of its treadmills; Copper could be the “new oil” in the coming years; The global chip shortage will soon impact multiple industries

The post Recap May 9: Dogecoin To The Moon – Attack On US Infrastructure (Recap ep122) appeared first on Investing & Day Trading Education: Day Trading Academy.

In today’s recap, we start analyzing how food prices rise above the official inflation rate and see how most corporates reported their earnings and showed great profits.

Of 124 companies in the U.S. S&P 500 index that have reported Quarter 1 results to date, 85.5% have already topped analysts’ earnings estimates, with Refinitiv IBES data now predicting a +34.3% jump in profit growth.

New Covid-19 infections increase at an alarming rate in India; Domino’s will test autonomous pizza delivery in Houston; Boeing Quarterly Losses are Greater Than Expected.

The post Recap May 2: Food Prices Exploding – Corporate Profits are Huuuuge (Recap ep121) appeared first on Investing & Day Trading Education: Day Trading Academy.

In this week’s recap, U.S. stocks took a dive on Thursday, following reports President Biden planned to nearly double the capital gains tax & planned to raise income taxes on the wealthy, proposals some analysts are saying will be hard to pass in Congress, but investors took profits, ahead of big tech’s earnings next week. For the week: Dow -0.46%; S&P 500 -0.18%, NASDAQ -0.25%.

Bitcoin & other digital coins plunged Friday, wiping over $200B of the value in the cryptocurrency market as a proposed capital gains tax hike from U.S. President Biden led to a wave of selling. The same week of the new record in liquidations, resulting in over 1 million positions on Sunday. Bitcoin fell over -8% to below $50K, for 1st time since March to a low of $47,525. Bitcoin has been lower 7 of the last 8 market sessions for a loss of over 20%, but is still up +69.4% in 2021 & +552% y/y, with a market cap of $917.2B. The U.S. government is becoming increasingly concerned over the rising price of Bitcoin & its increasing use. The CEO of Kraken, a top crypto exchange, is warning that a government crackdown is coming. Sources close to the Biden administration have revealed that a new crypto regulatory framework is being developed, but an outright ban remains a viable possibility.

Miguel Díaz-Canel, leader of the new generation at the helm of Cuba; Harley-Davidson stocks surge on Q1 results; investor in Singapore accused of raising $740M for false transactions in commodities; Spacex uses a recycled rocket and capsule to carry 4 astronauts into orbit; sales of new U.S. single-family homes increased in March; 52 volcanoes have erupted in the past month; 2nd Earth Solar Flare causes short wave radio blackout in South East Asia.

The post Recap April 25: Kraken CEO Bitcoin Regulation, Biden Tax Hike, War with Russia (Recap Ep120) appeared first on Investing & Day Trading Education: Day Trading Academy.

In this week’s recap, the U.S. stocks ended far higher, with the Dow & S&P 500 reaching new record levels, as investors saw a much stronger than expected report on consumer spending & a sharp improvement in the number of new jobless claims. Dow +1.18%, S&P 500 +1.37%, NASDAQ +1.09%. Global stocks are hitting new record highs on Friday, after strong U.S. & Chinese economic data bolstered investor expectations of a solid global recovery from the coronavirus-induced slump, as the year progresses. MSCI’s broadest index of Asia-Pacific shares outside Japan was up +0.5% & Europe’s top indexes mostly higher, led by Britain’s FTSE 100, up +0.7% & passing 7,000 points for the 1st time since Feb 2020.

Coinbase’s stock price flat at around $330.00 per share Thursday morning. The cryptocurrency exchange was briefly worth as much as $100B in its Nasdaq debut on Wednesday, opening at $381 & quickly shooting up as high as $429.54, but later falling back to $328.28, thus giving it a market cap of $85.8B. Coinbase has soared in value over the past year alongside Bitcoin & Ethereum, which account for most of the volume on the site.

According to Refinitiv data: The total market capitalization of global equities hit $90 trillion last week. Stocks hit record highs across the world on optimism that vaccination programs & the easing of lockdowns to combat COVID-19 would bode well for an economic rebound.

Alibaba shares rise 16% after Chinese government fine; Bitcoin price hits new all-time high on Tuesday; director of the largest Ponzi scheme in history dies at 82; SpaceX increases its equity by another $ 1.16 billion; initial claims for unemployment benefits are declining in the US; U.S. retail sales rebounded sharply in March; Bitcoin price hit by Turkey’s bans on cryptocurrencies; colds out of season are affecting agriculture in Europe.

The post Recap April 18: Dogecoin is crazy, US dollar drop, Turkey bans Bitcoin payments (Recap Ep119) appeared first on Investing & Day Trading Education: Day Trading Academy.

In this week’s recap, we found that almost all global markets ended higher, with an all-time high in the Dow and S&P 500, as U.S. Treasury yields fell after softer-than-anticipated labor market data, boosts tech & other growth stocks.

New York City & state plan to increase taxes on the most affluent residents, despite top business leaders insisting the increases will backfire, by driving away top earners. Marginal income tax rates could be nearly 52% the highest in the nation, which would mean the city’s wealthiest residents could end up giving more of their paychecks to federal, state & local governments than they keep for themselves.

PayPal co-founder & billionaire investor Peter Thiel is warning that Bitcoin could actually be a Chinese financial weapon that will be used to take down the U.S. dollar’s monetary & global reserve status. Cryptocurrencies can threaten fiat money. It must be noted that Peter Thiel’s foundation was key to the creation of Ethereum.

U.S. President Biden’s $2.3T infrastructure investment plan has helped drive U.S. stock markets even higher, yet ironically, it is Chinese equities that are scoring some of the biggest increases in valuation. The proposed tax revisions could spur U.S. firms to retain their profits in China, which in turn, will encourage Chinese companies to invest overseas, to relieve the appreciation pressure on the yuan.

Oil prices for May/June plunged on Monday; Indian government froze ByteDance bank accounts; Credit Suisse lose $4.7 billion from dealings with Archegos; Australia’s public debt grew to 77% of GDP during the pandemic; Russia may experience a new wave of protests in favor of Alexei Navalny; US shopping malls are increasingly empty; Credit Suisse to lose $4.7 billion from dealings with Archegos.

The post Recap April 11: Elon Musk Uses Chips in Monkeys, Oil drops, Record Highs (Recap Ep118) appeared first on Investing & Day Trading Education: Day Trading Academy.

In today’s recap, we see Tesla beating its delivery estimates and, are we witnessing the beginning of a new financial crisis like the one we had in 2008-2009?

Tesla reported Q1 deliveries of 184K, a new record for the company. Analyst expectations were for deliveries of only 168K for the period. Tesla deliveries were almost entirely Model 3 & Model Y vehicles, selling just 2,020 Model S sedans & Model X SUVs. Model Y sales began in China starting in January. Model Y sales reportedly were strong in the U.S.

China is setting up to be the world’s largest oil processor; Asteroid 2001 FO32 passed close to Earth without posing a collision threat; Micron Technology shares rise after beating analyst estimates

The post Recap April 4: Tesla Beats Estimates – Financial Crisis 2.0? (Recap ep117) appeared first on Investing & Day Trading Education: Day Trading Academy.