Bitcoin Surpasses FB in Market Cap as S&P Skids Into Close
With 18.95M Bitcoins mined and a price of $44,235 at the close, the market cap of Bitcoin continues to surpass Facebook at just over $612B. That places Bitcoin in the 9th spot for most valuable asset. Also, take a look at today's unusual option activity (XLY, CVX, COIN, HL, WFC, UAA, JETS, ET)…
Don Kaufman On CoinDesk TV: Considerable downside risk in Bitcoin
TheoTrade co-founder Don Kaufman shared his insights into the crypto market with CoinDesk TV. The US dollar has become the new volatility index that traders should pay attention to, Don said. There’s considerable downside pressure in Bitcoin. “Can you withstand a $13,000 move higher of lower?” Don asks. See the video or read the transcript…
Don Kaufman In Business Insider: PEG measure is valuable as initial filter for finding value companies
Don Kaufman, co-founder of TheoTrade, shared his trading insight with the personal finance reporter at Insider for the story “The PEG ratio is one tool you can use to find undervalued stocks. Here’s how it works.” Don discussed the topic “What does the PEG ration tell you?” An excerpt: "P/E ratios vary so widely because…
Ford Large Equity Trades Reveals Key Price Level for Stock
Ford Motor Co (NYSE: F) closed nearly 10% lower last Friday following their earnings report. The company missed estimates both on the top and bottom line and announced today that they plan to cut or suspend production at eight plants. After over doubling in price in 2021, the current sell-off may provide further potential downside…
Goldilocks Market Conditions Just Died
Goldilocks Markets are Dead! ---Oil a serious concern --Rates on the rise / bonds tank--Jobs number 467k... SELL IT--good is so very bad--VIX quiet until under /ES 4211 --Is Long is Wrong? Back to the Volatility Box----NQ high prob of dropping into heavy vol--if the bonds break lower--where's the bear SPX Expected Move ----last…
Facebook FB plunges but Amazon AMZN surges: Earnings and Your Updated Price Levels
It seems like yesterday we were discussing the surge in Alphabet (GOOGL, GOOG) shares and today we're focusing on big moves - currently in opposite directions - of Facebook (FB) and Amazon (FB), all major market cap leaders. In tonight's video, we update the daily chart key price levels and broader opportunities on these stocks…
Crypto Provides an Ominous Outlook for the SP500
Facebook plummets after the closing bell! Yikes! We also saw a bear market rally today as we edged just north of the expected move which reeks of volatility in the marketplace. What does Crypto have to do with all this? Join Don in Tonight's video to find out..
Earnings Plays as Google Saves the Day
We're still in a week of high volatility and earnings from key stocks including some big ones today after hours. In tonight's video, we detail the morning movers UPS and XOM along with the after hours movers including one big one, Alphabet (GOOGL, GOOG) which saved the day for now with a boost. We update…
Breakout or Blow Off? How Much is Left in the Tank?
The major market indices staged significant breakouts today, but is it a false breakout? A look at the volatility indices gives us a clue. Also, unusual option activity seemed to follow WallStreetBets mentions as EVs, crypto and cannabis did well. Also, travel is looking up after a short hiatus (NCLH, CCL, JETS, CGC, MARA, FCEL,…
AGNC Option Bears Understand the Interest Rate Impact
It was on January 10, 2022, that I reviewed a bearish combo on AGNC Investment Corp (NASDAQ: AGNC) in the nightly video. Since that day there have been several other bearish option trades on AGNC that have been significant. Another one of those trades happened today and happens just before their corporate earnings on February…