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☆ Here's the outlook for bitcoin as the cryptocurrency struggles to reclaim the all-important $30,000 technical level
▼ + stars: | 2023-04-27 | by ( Matthew Fox | ) www.businessinsider.com time to read: +3 min

The price of bitcoin is testing a pivotal level that could determine whether strength or weakness is ahead. The cryptocurrency needs to decisively clear $30,000 to test its $35,200 resistance level, according to Fairlead Strategies. If bitcoin can decisively clear that threshold, Stockton expects the cryptocurrency to trend toward its key resistance level at $35,900, representing potential upside of 24%. While Stockton is bearish on bitcoin in the short term and bullish on bitcoin in the intermediate term, she remains neutral on the cryptocurrency for the long term, proving just how mixed the technical outlook for bitcoin is. "We are long-term neutral despite improved intermediate-term momentum given the additional hurdle from the monthly cloud... the cloud is now a headwind, acting as long-term resistance," Stockton said.

☆ S&P 500 should eventually break out, says Fairlead Strategies' Katie Stockton
▼ + stars: | 2023-04-26 | by ( ) www.cnbc.com time to read: 1 min

Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailS&P 500 should eventually break out, says Fairlead Strategies' Katie StocktonKatie Stockton, Founder and Managing Partner of Fairlead Strategies, joins 'Squawk Box' to discuss the market outlook, the state of crypto, and more.

It uses S & P 500 stock index options prices to measure the market's expectations of near-term volatility. And essentially, what that means is that the S & P 500 should eventually break out. .VIX YTD mountain CBOE Volatility Index (VIX) has reached multi-year lows in April 2023 The chart analyst noted, however, that she expects some weakness in near term before the breakout occurs. And it just turned down for the S & P 500 — it was already pointing lower for the NASDAQ 100," Stockton said. Stock Chart Icon Stock chart icon CBOE Volatility Index (VIX) has reached multi-year lows in April 2023The chart analyst noted, however, that she expects some weakness in near term before the breakout occurs.

☆ Stocks remain in corrective phase within bear market, says Fairlead Strategies' Stockton
▼ + stars: | 2023-04-13 | by ( ) www.cnbc.com time to read: 1 min

Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailStocks remain in corrective phase within bear market, says Fairlead Strategies' StocktonKatie Stockton, Fairlead Strategies founder and managing partner, joins 'Squawk Box' to discuss Stockton's case for the markets, Stockton's forecasts for yields and more.

☆ Bitcoin's nearing a breakout moment — prices topped $30,000 for the first time since June 2022
▼ + stars: | 2023-04-11 | by ( Huileng Tan | ) www.businessinsider.com time to read: +2 min

Bitcoin has rallied above the $30,000 level for the first time since June 2022. The gains are driven by expectations the Fed could scale back its rate hikes, an analyst said. Bitcoin is up about 80% this year so far while Ether is up about 60% in the same period. Veteran trader Peter Brandt flagged the possible "breakout" on Twitter as Bitcoin was heading toward a key resistance level of $30,000. Teng's technical analysis of Bitcoin's chart shows prices nearing $35,000 if the upside price momentum continues.

☆ Where bitcoin goes next after hitting $30,000, according to chart analysts
▼ + stars: | 2023-04-11 | by ( Tanaya Macheel | ) www.cnbc.com time to read: +3 min

Bitcoin climbed above $30,000 Monday night for the first time since June – and sustained that level throughout trading on Tuesday. This week's price rally has added to the optimism around bitcoin's recent strength and resilience and interest from new investors – and chart analysts agree the cryptocurrency is in a solid uptrend trend – after posting a 63% loss for 2022. "Specially, following its March breakout above key resistance, price had consolidated sideways for a number of weeks," he said. BTC.CM= ETH.CM= 1Y line Bitcoin (BTC) and ether (ETH) over the past year Fairlead Strategies' Katie Stockton echoed that, saying bitcoin "pushed out of its consolidation phase, following a base breakout in March." The recent breakout level near $1,850 should hold in coming days to keep the momentum going.

☆ After gaining control of our reporter's phone, a hacker ripped her off for $10,000. She set out to find them.
▼ + stars: | 2023-04-08 | by ( Hallam Bullock | ) www.businessinsider.com time to read: +4 min

You can see pictures of the massive meatball here — but I warn you, it looks exactly how you would expect. Now, before the scientists start serving up Dinosaur DNA, let's take a look at the top tech stories this week. Once the hacker had control of Hartmans' phone, they didn't waste any time. Earlier this month, the Wall Street Journal reported that Elon Musk plans to build a town named "Snailbrook" — but he isn't the only billionaire creating their own utopia. Some of Lee's friends and colleagues, including Elon Musk, have lambasted the "violent crime in SF."

☆ Tesla just flashed a sell signal that could spark a 14% decline amid more vehicle price cuts
▼ + stars: | 2023-04-07 | by ( Matthew Fox | ) www.businessinsider.com time to read: +3 min

Tesla stock just flashed a sell signal that could spark 14% downside, according to Fairlead Strategies' Katie Stockton. The technical sell signal comes amid more price cuts for Tesla's Model 3, X, and S vehicles. A signal line is plotted, which can function as a buy and sell signal. "Incremental price cuts likely needed amid inventory build, especially as production at Austin and Berlin ramps [higher]," Barclay's said earlier this week. These price cuts should weaken Tesla's profit margins, which, aside from delivery figures, is what Wall Street is laser focused on.

☆ Market isn't showing evidence that bear market cycle is over, says Fairlead's Katie Stockton
▼ + stars: | 2023-04-05 | by ( ) www.cnbc.com time to read: 1 min

Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailMarket isn't showing evidence that bear market cycle is over, says Fairlead's Katie StocktonKatie Stockton, Fairlead Strategies founder and managing partner, joins 'Squawk Box' to discuss Stockton's thoughts on current market levels, if Stockton's support levels have changed and more.

☆ Watch CNBC's full interview with Fairlead Strategies' Katie Stockton on stocks
▼ + stars: | 2023-04-05 | by ( ) www.cnbc.com time to read: 1 min

Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailWatch CNBC's full interview with Fairlead Strategies' Katie Stockton on stocksKatie Stockton, Fairlead Strategies founder and managing partner, joins 'Squawk Box' to discuss Stockton's thoughts on current market levels, if Stockton's support levels have changed and more.

☆ Hacker Stole My Phone, Credit Card, Identity. I Set Out to Find Them.
▼ + stars: | 2023-04-02 | by ( Avery Hartmans | ) www.businessinsider.com time to read: +22 min

They left the Verizon store and went to a nearby Apple store, where they used my Chase credit card to spend $6,370. And two, because a physical credit card had been used to make the purchases, even though I was still in possession of my card. Typically, when your credit card is about to expire, as mine was, the bank sends you a new card a few weeks ahead of time. All told, the gang allegedly stole hundreds of identities and defrauded retailers and credit card companies of $1.3 million. Whoever hacked my identity, it makes sense that they started with my credit card.

☆ Panic over the rise of AI is hitting a fever pitch
▼ + stars: | 2023-04-02 | by ( Matt Turner | Dave Smith | ) www.businessinsider.com time to read: +4 min

On the agenda today:But first: The panic over the AI boom hit a new peak this week. A prominent AI researcher went further, saying six months wasn't long enough, and "we need to shut it all down." But those fears also make sense against the backdrop of a shaky economy and a distrust of Big Tech. Goldman Sachs has forecast that AI systems could impact 300 million full-time jobs. AI has been described as the next transformational technology, on a par with the creation of the internet or the television.

☆ Technology stocks just flashed their first sell signal since just before the market peaked in November 2021
▼ + stars: | 2023-03-28 | by ( Matthew Fox | ) www.businessinsider.com time to read: +4 min

The Nasdaq 100 just flashed a "sell" signal for the first time since November 2021, according to Fairlead Strategies. The sell signal suggests the stock market will soon roll over, leading to a return of strength in defensive sectors. Outperformance in utilities and health care stocks "would be naturally associated with the next market downdraft," Fairlead's Katie Stockton said. The sell signal was generated on Monday via the Tom DeMark Sequential indicator, which generated a counter-trend "13" sell signal. "The implications of the '13 sell' signal are for a two-week pullback in the Nasdaq 100, but sometimes they yield more lasting reversals."

LAS VEGAS, March 28 (Reuters) - Mid-sized U.S. lenders are getting creative as they try to hang onto customer deposits after two bank failures rattled consumers and spurred a $119 billion exodus from small institutions in recent weeks. Industry executives discussed strategies to bolster trust in their institutions at an annual meeting of the Consumer Bankers Association conference on Monday in Las Vegas. Paying higher rates on deposits is the most common way to make them stick, executives said. Despite the recent flight in deposits to large banks, one banker at a mid-sized bank said they were confident the lender could survive the recent exodus. Reporting by Tatiana Bautzer and Nupur Anand in Las Vegas; Editing by Lananh Nguyen and Leslie AdlerOur Standards: The Thomson Reuters Trust Principles.

☆ Relief rally will likely fail, says Fairleads' Katie Stockton
▼ + stars: | 2023-03-27 | by ( ) www.cnbc.com time to read: 1 min

Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailRelief rally will likely fail, says Fairleads' Katie StocktonKatie Stockton, Fairlead Strategies founder and managing partner, joins 'Squawk Box' joins to discuss recent market technicals, her thoughts on Bitcoin, and more.

☆ Interest Rates Are Still Going Up—And That’s Good News for Savers
▼ + stars: | 2023-03-22 | by ( ) www.wsj.com time to read: +6 min

But they’ve cheered savers by breaking a decadelong streak of near-zero returns on cash parked in savings accounts, CDs and the like. Where interest rates are headed nextThe opportunity might not last. The fed-funds rate, which banks use to set savings and CD rates, now appears more likely to fall than rise further. What it means for your moneySavings and CDsGiven the likelihood that we’re at peak interest rates, using CDs to lock in high yields may be a good idea. On the home buyer front, the median sale price of an existing home fell 12.3% between June and February as higher mortgage interest rates weakened demand.

☆ Bitcoin is up 60% so far this year as investors rediscover appeal as alternative banking system
▼ + stars: | 2023-03-18 | by ( Tanaya Macheel | ) www.cnbc.com time to read: +4 min

Cryptocurrencies stood out this week as bank shares tumbled and the global liquidity crisis rocked the stock market. Bitcoin versus the banks The price of bitcoin twice rose above the key $25,200 level to more than $26,000, according to Coin Metrics. BTC.CM= 1Y mountain Bitcoin, 1-year Bitcoin's outperformance amid a crisis in the traditional banking system had some wondering if the price rallied on a potential narrative shift. Though bitcoin was initially designed to be digital cash and an alternative financial system, it spent much of last year trading like a speculative asset. "In practice, bitcoin isn't isolated from the traditional banking system.

☆ Large cap technology has provided a floor for the market this week, says Fairlead Strategies' Katie Stockton
▼ + stars: | 2023-03-17 | by ( ) www.cnbc.com time to read: 1 min

Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailLarge cap technology has provided a floor for the market this week, says Fairlead Strategies' Katie StocktonKatie Stockton, Fairlead Strategies founder and managing partner, joins 'Squawk Box' to discuss moving out of the bear market cycle, positive seasonal influences, and large swings in bitcoin's value.

☆ We are watching 3,505 for the next major support for S&P 500, says Fairlead's Katie Stockton
▼ + stars: | 2023-03-15 | by ( ) www.cnbc.com time to read: 1 min

Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailWe are watching 3,505 for the next major support for S&P 500, says Fairlead's Katie StocktonKatie Stockton, Fairlead Strategies founder and managing partner, joins 'Squawk Box' to discuss her investing take, whether investors have seen the peak of rates, and more.

☆ Wall Street's bullish comments push Apple to a possible breakout zone on its chart
▼ + stars: | 2023-03-07 | by ( Patti Domm | In | ) www.cnbc.com time to read: +2 min

Apple last closed above $156 in September. "The rally has lifted Apple up into strong resistance, creating a proving ground," said Katie Stockton, founder of Fairlead Strategies. AAPL 1Y line aapl Stockton said Apple could get to $158, the top of the resistance zone on its chart. If Apple were to make a move and hold at a higher level, it would be good for the overall stock market. "How Apple handles $156 to $157 will give us some clues as to whether this is just another bear market bounce," said Redler.

☆ Inflation's direction will drive crypto's action in March now that the 2023 rally has faded
▼ + stars: | 2023-03-01 | by ( Tanaya Macheel | ) www.cnbc.com time to read: +4 min

Bitcoin and ether are starting the new trading month on a positive note – following a relatively flat month – each rising less than 1% Wednesday. In the near term, our bet is on the dollar pulling back," he said Wednesday. If we're right and more upside lies ahead in the near term, it's tough to think crypto isn't a major beneficiary." Long-term investors see regulation as a positive development ultimately, but it can put pressure on prices in the near term, Kruger said. Breaking past $25,000 Although bitcoin held up in February, investors are unsure when to expect a rocket ship rally .

☆ Fairlead Strategies' Katie Stockton: We suspect Bitcoin will get to a higher correlation with Nasdaq
▼ + stars: | 2023-02-28 | by ( ) www.cnbc.com time to read: 1 min

Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailFairlead Strategies' Katie Stockton: We suspect Bitcoin will get to a higher correlation with NasdaqKatie Stockton, Fairlead Strategies founder and managing partner, joins 'Squawk Box' to discuss her technical take on Bitcoin, the resistance to the 10-year treasury note, and more.

☆ Bond yields are close to a major psychological level that could really spook the stock market
▼ + stars: | 2023-02-28 | by ( Patti Domm | In | ) www.cnbc.com time to read: +3 min

The benchmark 10-year Treasury yield is hovering close to a key level that strategists say could give stock investors a fright. The 10-year Treasury yield broke through resistance in recent sessions and is now a hair below the important 4% level. It's very much an inverse relationship between yields and the stock market," said Katie Stockton, founder of Fairlead Strategies. "That does suggest 4%, which is not a resistance level, but it's certainly a psychological level...It impacts people for nothing more than it's a round number. After the October high, Stockton said the next big level on the 10-year yield chart would be about 5.25%, a resistance level established in 2006.

☆ Stock market reversal shows shift in sentiment that will be difficult to weather, says Katie Stockton
▼ + stars: | 2023-02-23 | by ( ) www.cnbc.com time to read: 1 min

Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailStock market reversal shows shift in sentiment that will be difficult to weather, says Katie StocktonKatie Stockton, Fairlead Strategies founder and managing partner, joins 'Squawk Box' to discuss potential bearish signals in the markets, if there are any positive underpinnings to February's market performance and more.

☆ Market sentiment has gotten extremely greedy, making for a fragile tape, says Katie Stockton
▼ + stars: | 2023-02-16 | by ( ) www.cnbc.com time to read: 1 min

Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailMarket sentiment has gotten extremely greedy, making for a fragile tape, says Katie StocktonKatie Stockton, Fairlead Strategies founder and managing partner, joins 'Squawk Box' to discuss key technical signals, chart breakouts failing to impact longer-term gauges, and what's needed to reverse the downtrend.

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