As we say time and time again, our trading strategy is all about keeping things simple. Spotting a chart pattern on a higher timeframe is about as simple as it gets. Why? Because when a large number of traders all see the same, prominent pattern on their screens, it increases the likelihood that a high […]

Personal finance fintech company SoFi Technologies, Inc. (SOFI) reported solid fourth-quarter results. Its loss per share came below analyst estimates, and its revenue beat the consensus estimate by 4.1%. The company’s adjusted net revenue in the fourth quarter came in 4.2% above its guidance range high of $425 million, and its adjusted EBITDA came $23 million above […]

There are times when avoiding losses is far more important than looking for gains. As the debate continues between what the Federal Reserve says it will do and what the market thinks the Federal Reserve will do, there is one inescapable conclusion we must consider: no matter how you look at the world, and regardless of your expectations for […]

The fabled group of five large-cap tech businesses, so-called FAANG — Facebook (currently Meta Platforms), Amazon, Apple, Netflix, and Google (currently Alphabet) — dominated the stock market through late 2021. However, a challenging macroeconomic environment in 2022, characterized by stubborn inflation and removal of Covid restrictions, saw big tech struggling to meet and exceed the […]

How does gold and its digital competitor Bitcoin relate to each other? Gold is a traditional store of value, while Bitcoin from a conventional standpoint is highly risky. Even though the latter was nicknamed “digital gold,” we can see from the chart below that it does not act like one. Source: TradingView In the above quarterly […]