FSI Pro
- Crypto Weekly
GOLDEN CROSS APPROACHES The golden cross is a commonly used technical indicator. It is characterized by the intersection of two moving averages, where a short-term average crosses above a long-term average. The most commonly used moving averages are the 50-day and 200-day. This crossover pattern...
- Your Weekly Roadmap
Nasdaq Posts Fifth Straight Week of Gains
Good evening: _“Our core holdings are the same as last year. We own shares of the best businesses in the world. Our attitude is that of a museum director: We only want to own masterpieces.” - François Rochon_ Investors digested a lot this week between the FOMC meeting, big-tech earnings,...
- Daily Technical Strategy
Minor stalling out doesn’t appear too serious
Friday’s minor pullback seems to have occurred near a short-term timing pivot which might result in 2-3 days of weakness before turning price back higher. S&P and NASDAQ both lost more than 1% on the day, and pulling back to end near lows of the session could result in Monday...
- Crypto Funding Fridays
Mining Companies May Be Catching a Bid
After an impressive $749 million was raised last week, funding totals came back down to earth to $228 million. Zero-carbon Bitcoin mining company TeraWulf completed a $32 million public equity sale, representing the largest deal of the week. Additionally, mining company Pow. re completed both a Series A and Strategic...
- US Policy
Busy Week With Fed and Debt Ceiling – SOTU on Deck
It was a busy week in DC with the Fed moving rates up 25 bps and the White House meeting between Biden and McCarthy. The Fed’s move to increase rates by 25 bps was widely expected. It once again demonstrates that under Chair Powell the Fed is going to telegraph...
- Earnings Daily
FS Insight 4Q22 Daily Earnings Update - 2/3/2023
108 companies are reporting this week.Of the 246 companies that have reported so far (49% of the S&P 500), overall earnings results are beating estimates by a median of 6%, and 70% of those reporting are beating estimates.On the top line, overall results are beating estimates by a median of...
- Daily Technical Strategy
US breakout encouraging, but likely won’t move in a straight line
THE NEAR-TERM RALLY CONTINUES TO PRESS HIGHER, BUT LIKELY WILL FIND SOME SHORT-TERM RESISTANCE FRIDAY AND/OR MONDAY WHERE A MINOR CONSOLIDATION GETS UNDERWAY. Short-term evidence of upside exhaustion is now present on $SPX, $SPY, $QQQ charts based on DeMark indicators along with minor cyclical peaks which signal a short-term change...
- First Word
Powell cited "disinflation" 13 times in Feb FOMC presser (0 in Dec). Fed moved forward goal post = strengthening case >20% gain in 2023.
Going into this Fed decision day, investors told us anyone "rational" expects the Fed to come out hawkish, particularly given how much financial conditions eased since October:Equities were under selling pressure early in the session falling as much as 1% and then sinking further post-Fed decision. But by the end...
- Earnings Daily
FS Insight 4Q22 Daily Earnings Update - 2/2/2023
108 companies are reporting this week.Of the 207 companies that have reported so far (41% of the S&P 500), overall earnings results are beating estimates by a median of 6%, and 70% of those reporting are beating estimates.On the top line, overall results are beating estimates by a median of...
- Daily Technical Strategy
Technical analysis of META, AAPL, AMZN
Thursday’s breakout in US stock indices served to give more proof about the intermediate-term trends turning more bullish while growing ever closer to short-term resistance targets, which might be reached by Friday. US Treasury yields along with the US Dollar fell sharply on the day, bolstering the argument for this...
- Crypto Concepts
Meme Coins
WHAT IS A MEME? A meme is defined by Webster’s New World College Dictionary as “a concept, belief, or practice conceived as a unit of cultural information that may be passed on from person to person, subject to influences in a way analogous to natural selection.” Memes have always existed...