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.
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.
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:
Subscribe to our Research
Subscribe to our research to gain access to our outstanding research articles covering both stocks and securities, and blockchain and cryptocurrency. We do not publish frequent reports, however, the quality of our research is outstanding. Our readers can expect one to four research quality articles per month. Upon subscribing, members gain access to our extensive research on securities, blockchain projects and crypto assets. Our reports include details regarding, the demand and the market, roadmaps, strengths and weaknesses of the team and advisory board, key partnerships and associations, competitions and key concerns, tokens and supply – for blockchain projects.[supsystic-price-table id=8]