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Boeing CEO Dave Calhoun to step down in wake of ongoing safety problems
https://www.cnn.com/2024/03/25/business/boeing-ceo-calhoun-leaving/index.html
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Bitcoin penetrated 66,666 again today.
Will see where it goes from here.
U.S. oil benchmark tops $85 a barrel, hits highest level since October as Middle East tensions escalate
Not good for consumer
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Chart does not look pormising, he was wrong on his short term prediction, dead wrong.
It has a strong technical sell here now, but had a strong buy when that guy made his prediction.
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Not my guy . . . . . . . .
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Not mine either
in JC I trust
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bitcoin=
61.500
down over 10,000 from its highs
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Is It Time To Go Bearish On The Nasdaq 100?
" Invesco QQQ Trust (QQQ) represents the Nasdaq 100, and it closed near the low of the day yesterday. Meanwhile, the broader Nasdaq composite sliced through its 50-day moving average for the first time since the Nov. 1 follow-through day. With the market uptrend under pressure, today we’ll look at a trade that will do well if QQQ drops to around 410.
"
" The West Texas Intermediate Crude Oil Market initially fell during the trading session on Thursday to reach the 50 day EMA only to turn around and show signs of life. By doing so, it looks as if the market is trying to turn things around and go looking towards the $85 level again.
Keep in mind that although Biden has suggested that the SPR may be emptied, the reality is that the thing that really hit the market hard was a build in crude oil supplies overall. It suggests that there’s less demand. That could be a short-term anomaly as we are heading into a historically important and high area of demand at this time of year. The West Texas intermediate could very well go looking to the $85 level above. Underneath, we have significant support at $80.
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Brent Crude Oil Technical Analysis
Brent looks very much the same as you would expect. The market continues to see a lot of noisy behavior, but ultimately, I think this is a situation where we bounce from here as well. The $84.50 level is an area that I think will continue to be support. The $90 level above, I think, ends up being significant resistance. Ultimately, I do think that we’ve had a nice pullback, and value hunters are more likely than not going to be coming back into this picture and trying to take advantage of cheap oil.
Either way, be cautious about the position size more than anything else, as this market will continue to be noisy as there are a lot of external factors influencing the markets at the moment, not the least of which would be tensions in the Middle East."
Nasdaq Logs Worst Week Since 2022
" The Nasdaq and S&P 500 marked six-straight losses today, as well as their worst weekly performances since Nov. 2022 and Mar. 2023, respectively. Netflix (NFLX) and Nvidia’s (NVDA) losses helped drag the Nasdaq to a 319-point daily deficit – its largest net drop since January. The Dow managed a triple-digit win for the session, inching into the black for the week with just a 3-point weekly gain, while the S&P 500 marked its third-straight week in the red, and the Nasdaq its fourth."
bitcoin penetrated 66,666 again
JC says we might be due for another pull back in the future, might not
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bitcoin hit resistance again at 66666
price= 63,223
Looks like JC may be right
He said yesterday around May 20, the selling pressure should wear off, and buyers will reenter market.
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Bitcoin broke 62,000
Not a good sign if these levels dont hold
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