News

Bitcoin, Big-Tech, Bullion, & Bonds Bounce As Breakevens, Black Gold, & The Buck Breakdown

After yesterday’s bloodbathery, today was the big bounce back. Big-tech had bounced off the intraday lows yesterday to end unchanged and were violently panic-bid from the cash open today (only briefly stalled in their gamma-squeeze surge into tomorrow’s opex by a brief interruption as Yellen tanked crypto). Nasdaq ended up over 2% today (and up 4% from yesterday lows ahead of the cash open). The S&P erased yesterday’s losses, but The Dow and Small Caps, despite today’s gains, could not get back to even from Tuesday…

Nasdaq stalled today at its 50DMA…

Bitcoin bounced back above $42k intraday but was knocked down to $40k on the Treasury/IRS headlines – still well off the $30k lows from yesterday…

Ether bounced back up just shy of $3000 intraday…

MORE

Leave a Reply

Fill in your details below or click an icon to log in:

WordPress.com Logo

You are commenting using your WordPress.com account. Log Out /  Change )

Google photo

You are commenting using your Google account. Log Out /  Change )

Twitter picture

You are commenting using your Twitter account. Log Out /  Change )

Facebook photo

You are commenting using your Facebook account. Log Out /  Change )

Connecting to %s