Stocks and Securities

U.S. Stocks Futures are mixed this morning. The Dow has been up for four straight sessions and 11 of the past 13 trading days, the S&P 500 is coming off its highest close since February 1, and the Nasdaq chalked up another record high close Tuesday.

 

Dow Industrial AverageS&P 500Nasdaq 100Russell 2000

 

 

 

 

 

 

 

 

 

 

 

Fed Chairman Jerome Powell once again will give a speech on monetary policy to Congress, this time to the House Financial Services Committee.

Powell’s remarks yesterday were upbeat which provided a boost to the markets. He said the economy was growing at a “solid pace,” and the unemployment rate was expected to fall further. Even the recent pickup in inflation, toward the Fed’s 2% target, was “encouraging,” he said.

Powell pointed to “good news” in the decline in the unemployment rates for African Americans and Hispanics. While wage gains was moderate, “it also tells us that the job market is not causing high inflation,” he said. At the same time, Powell admitted that trade wars and fiscal policy were key areas of uncertainty in the outlook.

 

Blockchain and Cryptocurrency

Bitcoin (BTC) and Ethereum (ETH) both continued on this impressive bull run.Bitcoin (BTC) and Ethereum (ETH) bothup about 10.12% and 5.42%, respectively. Market capitalization increased from $269B USD to $294B USD which is a 9.2% increase in just 24 hours. This 24 hour volume of $20.2B is up significantly from yesterdays’ $13.8B. BTC dominance of 43.1% is slightly higher compared to yesterday.

Bitcoin price - BTC/USD chartEthereum (ETH) chart - ETH/USD

 

 

 

 

 

 

Read our technical analysis on Bitcoin (BTC) and Ethereum (ETH) – the general consensus from analysts still seems to be very bullish, however, crypto continues to fail to gain traction due to lack of volume.

There have been a lot of positive developments in the cryptocurrency space which could be the reasoning behind this bull run. In addition what we discussed, there seems to be signs of life with what appears to be a significant increase (about 35%) in volume which is needed for continuation of this bullish sentiment and momentum for Bitcoin (BTC) and cryptocurrency / blockchain space.

 

Stocks on the Radar

VKTX stumbled yesterday about 8.3% – We remind our readers that this is a long-term investment. The stock appears to be trading between the $9.00 – $11.00 area. This is a range that you can play in – sell into strength and buy into weakness. If the stock breaks the $9.00 support, it would be concerning for the traders.

Our Cryptocurrency to buy, EOS, did exceptionally gaining about 11% since our recommendation. Our recommended cryptocurrencies to buy for 2018 thus far have been ETH (+17%)DGB (+32%)NEO (+17%) and EOS (+12%).

Below is our today’s list of cryptocurrency and stocks to buy or to invest in:

 

Written by: Dr. Tiam Feridooni MD, PhD, BSc
Dr. Feridooni, graduated from Dalhousie Medical School in May, 2018. Prior to enrolling in medical school, he completed his Bachelor of Science with Honours in 2010 in Biochemistry. He then obtained his PhD at Dalhousie University in Pharmacology in 2014, with a focus around regenerative medicine and stem cell transplantation.
Dr. Feridooni has been published numerous high impact journals and has also co-authored a few books.
Dr. Feridooni has believes that blockchain technology has the ability to revolutionize today’s healthcare system which he believes to be decades behind in accessing and storing medical information. His passion for medicine, technology and the financial markets lead to the foundation of Point Pleasant Park.

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