Elliott Wave Patterns: What is a Zigzag?
Talking Points -Zigzags appear in the construction of many of the Elliott Wave patterns-Zigzags subdivide as an A-B-C (5-3-5) sequence-Many times, wave C can be estimated using common ratios and channeling In Elliott Wave theory, a zigzag is a pattern...
Trump hasn’t dented enthusiasm for Chinese IPOs in the US
The political sparring between Washington and Beijing hasn’t dampened the interest of Chinese companies wanting to list shares in the U.S. Chinese initial public offerings in the U.S. accounted for about a fifth of U.S. IPO proceeds in the last...
Ripple is the worst performer among major cryptocurrencies in the first quarter
Cryptocurrency ripple is the worst performer among the top digital currencies by market capitalization as the first quarter comes to a close. The entire sector has taken a hit this year due to regulatory concerns and an advertising crackdown. Total...
Netflix, biotech Nektar among the biggest market winners in the first quarter
The first quarter of 2018 proved significantly more volatile for equity markets, with both the Dow Jones industrial average and the S&P 500 falling into correction territory at one point. The major averages have recovered slightly and will end the...
Bitcoin falls below $7,000, now down more than 25% for the week
Bitcoin hit a low of $6,915.55 late Thursday afternoon, its lowest since Feb. 6, according to CoinDesk’s bitcoin price index. That marked a decline of nearly 29 percent for the week and 50 percent for the year so far. Bitcoin...
Bitcoin slides, on pace for weekly losses of more than 15 percent as tax day approaches
Bitcoin dropped Thursday, bringing losses for the week so far to about 17 percent. The largest digital currency by market capitalization fell 7.6 percent to a low of $7,331.52 before recovering to near $7,400, according to CoinDesk’s bitcoin price index....
Trade finance pursuing institutional investor funds
With equity markets selling off again in March and risk-free rates declining once more, discovering any asset class with positive returns and a low default rate could be of interest to institutional investors. The Trade Finance: A Promising New Asset...
Buying Tesla after big stock market losses has paid off in the past
In the last two days, Tesla shares have fallen 15.3 percent. Such a two-day loss has occurred only six times since the electric car maker’s IPO in 2010. A week after those losses, it returned an average of 3.96 percent,...
Markets Tread Water as Traders’ Minds are Already on Holiday
The forex market are starting to ignore economic data release today and tread water, just ahead of long weekend. Dollar is trading in black across the board for the week. But better than expectation job data doesn’t the greenback a...
Overstock.com stock offering canceled, source says; shares rise
E-commerce company-turned-blockchain play Overstock.com’s 4 million share offering has been canceled, according to a source familiar with the situation. Underwriter Guggenheim Securities decided late Wednesday not to proceed due to market conditions, the source said. Overstock.com confirmed that the offering...
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