Bitcoin Buy Setup In Profit Range

Posted on by Aibek Burabayev

It looks like I have posted the Bitcoin Bullish Setup at the right time as the price precisely followed the preset path - first down into a correction, which hit the minimum area of 38.2% Fibonacci retracement level. Then up to break above the first minor top, that activated the buy trade setup.

The majority of readers were bullish, with 61% votes.

Bitcoin Daily Chart

We can see the clear difference between outlooks and setups. I posted both the Bullish setup and the Bearish setup in case the correction would be extended. They were based on opposite outlooks. We do not have to guess; we wait for which setup would work. Continue reading "Bitcoin Buy Setup In Profit Range" →

Weekly Stock Market Forecast

Posted on by The INO.com Team

This week we have a stock market forecast for the week of 8/15/21 from our friend Bo Yoder of the Market Forecasting Academy. Be sure to leave a comment and let us know what you think!

Another week of drifting from the markets without any real increase in bullish or bearish pressures.

There are, of course, outliers that have moved, but they have been primarily low odds scenarios.

The S&P 500 (SPY)

SPY Weekly Chart - Stock Market Forecast

The market keeps drifting higher without much passion in either direction. While it’s seductive to want to “jump on the train,” the odds at this point are poor. All it takes is one little geopolitical catalyst, and a market this overbought can snap back 5% in a matter of days. Continue reading "Weekly Stock Market Forecast" →

Market Liquidity Is Draining From Different Vantage Points

Posted on by Gary Tanashian

On Wednesday I made a post that showed the “metallic credit spread” (as coined by Bob Hoye) known as the Gold/Silver ratio (GSR) flipped on its head (to Silver/Gold) to indicate a dangerous situation for the S&P 500, if past is prologue. Here is that post and here is the Tweet that followed…

Silver, with more cyclical inflation-sensitive characteristics than gold (which is more counter-cyclical with utility during liquidity crises), has broken down of late vs. its monetary daddy. The chart speaks for itself as to why caution and risk management are now warranted. Continue reading "Market Liquidity Is Draining From Different Vantage Points" →

Stock Market Grinds To New Highs

Posted on by The INO.com Team

The DOW finished the day up 15.53 points or +0.04% to close at a record 35,515.38, while the S&P 500 added +0.16% and finished at 4,468, a new closing record. The NASDAQ ticked up just +0.04% to close at 14,822.90. http://ow.ly/Y88o50FQN4h

The DOW and the S&P 500 rounded out the week with gains of +0.87% and +0.71%, respectively, amid light summertime trading volumes. That makes two weeks in a row that both indexes have finished in the green. However, the tech-heavy NASDAQ underperformed this week, finishing down just under a tenth of a percent at -0.09%. Continue reading "Stock Market Grinds To New Highs" →

IBM Posts Strong Q2 Results

Posted on by Noah Kiedrowski

International Business Machines (IBM) is fresh off its strong quarterly results with growth returning to the narrative. IBM continues its slow and long turn back to growth, focusing on high-value faster-growing business segments while embracing the future of technology with artificial intelligence, blockchain, and hybrid cloud architecture via the Red Hat acquisition. Over the past few years, IBM has taken a blended approach of M&A, realigning its business mix to current and future trends, maintaining its dividend payout, and continuing to buy back shares while absorbing its Red Hat acquisition.

IBM’s executive leadership has set the growth and value narrative. Investors quickly realize the value Red Hat brings to the table while washing away fears that IBM overpaid for the $34 billion acquisition. IBM has been in a position of strength and has broken out past $140 after its recent quarterly earnings. Long-term imperatives are beginning to bear fruit in emerging high-value segments that have fundamentally changed its business mix while evolving its offerings to align with new-age information technology demands. The Red Hat acquisition will augment its transition away from its dependency on legacy businesses to the future of hybrid cloud, blockchain, artificial intelligence, and analytics.

Quarterly Earnings – Better than Expected

IBM reported Q2 2021 earnings that were better than expected, beating on both the top and bottom line. IBM reported EPS of $2.33 and revenue of $18.7 billion, beating analysts’ targets. The company laid out its growth narrative and Red Hat acquisition catalysts that are bearing fruit. IBM's overall cloud revenue grew by 13% while its cloud and cognitive software cloud revenue grew by 29% and global business services cloud revenue grew by 35% (Figure 1). Continue reading "IBM Posts Strong Q2 Results" →