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$Palantir (PLTR.US)$ all these bears are lying to you. In January the hedge funds all get a brand new budget for 2022, and they will be buying up PLTR so fast it's gonna make your head spin. Accumulate while you can cuz it's gonna rocket.
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$Futu Holdings Ltd (FUTU.US)$ It won't go up or down
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As traders return from the holiday-shortened week, the price action heading into the new year will be closely monitored — especially given the relatively light economic data and earnings calendar for the coming days.
The S&P 500 $S&P 500 Index (.SPX.US)$ is entering the period known for ushering in the so-called Santa Claus Rally, or seasonally strong timeframe for stocks at the end of each year.
According to data from LPL Financial, the Santa Claus Rally period encapsulates the seven days most likely to be higher in any given year. Since 1950, the Santa Claus Rally period has produced a positive return for the S&P 500 78.9% of the time, with an average return of 1.33%.
Part of the content is taken from Yahoo.
The S&P 500 $S&P 500 Index (.SPX.US)$ is entering the period known for ushering in the so-called Santa Claus Rally, or seasonally strong timeframe for stocks at the end of each year.
According to data from LPL Financial, the Santa Claus Rally period encapsulates the seven days most likely to be higher in any given year. Since 1950, the Santa Claus Rally period has produced a positive return for the S&P 500 78.9% of the time, with an average return of 1.33%.
Part of the content is taken from Yahoo.
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$Amazon (AMZN.US)$ $Meta Platforms (FB.US)$ On December 26, the Wall Street Journal ran an article titled "Breaking Up Tech Is a Gift to China," which bluntly opposed the Biden administration's move to break up Silicon Valley giants. China is pursuing "technological dominance," the article said, and the Biden administration's push for antitrust laws will reduce the competitiveness of major Internet companies, hurt The United States' ability to innovate and develop.
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$Block (SQ.US)$ $PayPal (PYPL.US)$ $SoFi Technologies (SOFI.US)$ my growth portfolio has these stocks. 45% 35% 20% respectively. Altogether have been losing since last 6 weeks and have lost around $45K between the two because of trying to catch falling knife for DCA. I am confident about these going way past my cost basis and be major winners within 6 months itself.
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Really want to get into PYPL $PayPal (PYPL.US)$ at current price but currently invested in SQ $Block (SQ.US)$ and SOFI $SoFi Technologies (SOFI.US)$ albeit rather small positions.
Anyone in all three?
Anyone in all three?
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This Morning
At the time of writing, Bitcoin was up by 0.14% to $48,968. A mixed start to the day saw Bitcoin fall to an early morning low $48,786 before rising to a high $48,985.
Bitcoin left the major support and resistance levels untested early on.
$Bitcoin (BTC.CC)$
Elsewhere, it was a bullish start to the day.
At the time of writing, Crypto.com Coin was up by 7.84% to lead the way.
For the Bitcoin Day Ahead
Bitcoin would need to avoid the $48,340 pivot to bring the first major resistance level at $50,081 into play. Support from the broader market would be needed, however, for Bitcoin to break out from Wednesday’s high $49,520.
Barring an extended crypto rally, the first major resistance level would likely cap the upside. In the event of an extended rally, Bitcoin could test resistance at the 23.6% FIB of $53,628 before any pullback. The second major resistance level sits at $51,260.
A fall through the $48,340 pivot would bring the first major support level at $47,161 into play. Barring another extended sell-off on the day, Bitcoin should steer clear of sub-$46,000 levels. The second major support level sits at $45,420.
Part of the content is taken from Yahoo.
At the time of writing, Bitcoin was up by 0.14% to $48,968. A mixed start to the day saw Bitcoin fall to an early morning low $48,786 before rising to a high $48,985.
Bitcoin left the major support and resistance levels untested early on.
$Bitcoin (BTC.CC)$
Elsewhere, it was a bullish start to the day.
At the time of writing, Crypto.com Coin was up by 7.84% to lead the way.
For the Bitcoin Day Ahead
Bitcoin would need to avoid the $48,340 pivot to bring the first major resistance level at $50,081 into play. Support from the broader market would be needed, however, for Bitcoin to break out from Wednesday’s high $49,520.
Barring an extended crypto rally, the first major resistance level would likely cap the upside. In the event of an extended rally, Bitcoin could test resistance at the 23.6% FIB of $53,628 before any pullback. The second major resistance level sits at $51,260.
A fall through the $48,340 pivot would bring the first major support level at $47,161 into play. Barring another extended sell-off on the day, Bitcoin should steer clear of sub-$46,000 levels. The second major support level sits at $45,420.
Part of the content is taken from Yahoo.
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one big lesson i have learned in short term trading is don't ever trade on up coming news like earnings or fda approvals with a too large of a position that you are unwilling to see drop 20 percent, because just as things can go positive they can go negative!