June 7, 2020

The Fed Rescued Stocks from a Bear Market – But Bulls Won’t Like What Comes Next

June 7, 2020 boss

Investors have learned by experience that it’s dangerous to “fight the Fed.” Since March’s promise of unlimited spending, the stock market has reversed its free fall with a strong rally. A shift in Federal Reserve buying trends suggests that the stock market has little upside left – and a potential drop ahead. “Don’t fight the Fed” has been a powerful stock market trading mantra on Wall Street for a long time. From the financial crisis bailout era to Alan Greenspan’s invention of the “Fed put” after the 1987 market crash,…

Beware Fake Ransomware Decryption Tools

June 7, 2020 boss

As free ransomware decryptor tools begin to enter the market, a wave of fake software that claims to decrypt ransomware-affected files has begun to proliferate. According to a report released by Bleeping Computer on June 5, the creators behind Zorab ransomware released a fake STOP Djvu decryptor. Instead of recovering a victim’s data however, this software appears to encrypt their files further with a second ransomware. When the victim opens one of these tools, the software extracts an executable file called crab.exe. This is the Zorab ransomware itself. Once executed,…

Top 5 Cryptocurrencies to Watch This Week: BTC, ETH, LINK, ADA, ETC

June 7, 2020 boss

If Bitcoin can break above the overhead resistance, a few altcoins are likely to pick up momentum and provide short-term trading opportunities. When the price of an asset does not reverse direction from a critical resistance, it indicates that some traders are holding onto their positions in anticipation of a breakout. For the past month, Bitcoin (BTC) has been repeatedly revisiting the $10,000 levels and even though the bulls have not been able to sustain above this level, they have not given up much ground either. This suggests that traders…

“Scary” Fractal: It’s Only a Matter of Time Before Bitcoin Trades at $14,000 Again

June 7, 2020 boss

Bitcoin’s recent price action has seen it fail time and time again to break into the $10,000s. Just recently, the cryptocurrency dove 4% yet again, falling from the high-$9,000s to $9,400. It’s consolidation under a key resistance that has had some analysts skeptical that Bitcoin will continue even higher. Yet an eerily accurate analyst suggested that there’s a “scary” fractal predicting BTC trades at $14,000 in the coming six weeks. Related Reading: Crypto Tidbits: $200M of Bitcoin Liquidated, Ethereum DeFi Adoption Limited, Bloomberg Is Bullish Bitcoin Is Poised to Break Higher:…

Trump Is Giving Warren Buffett Investing Advice – But He Shouldn’t

June 7, 2020 boss

Donald Trump said that Warren Buffett’s decision to sell U.S. airline stocks was a mistake. U.S. airline stocks rose sharply Friday after a shockingly positive jobs report fueled investors’ optimism. But the airline industry could take many years to recover as there will be fewer passengers flying. During a White House address on the economy, President Donald Trump criticized Warren Buffett, one of the world’s greatest investors, for selling airline stocks. Trump Thinks Buffett Made A Mistake Trump criticized Buffett on the heels of a record jobs report. The Bureau…

Opportunities for Blockchain-Based Technologies in African Healthcare

June 7, 2020 boss

One of the linchpins of the internet is the ability to access and share data seamlessly. Whether it’s financial metrics for an institution or something as innocuous as a meme, the internet’s distinct pathways of protocols and standardization are the ideal medium for exchanging information. That transmissibility of information has not translated well to specific industries, however. Regulatory moats, cumbersome and outdated database architecture, and poorly designed user interfaces are a hindrance to major industries — particularly healthcare. Even in the United States, where healthcare standards are high, onerous regulatory…

The Stock Market’s Biggest Gains Always Happen at the Same Time Each Day

June 7, 2020 boss

For more than 20 years, the stock market has made its most significant gains at the same time: overnight. After-hours trading for the S&P 500 has generated almost 600% while intraday gains are flat since 1993. The phenomenon has been even more pronounced since the great March 2020 selloff. Timing is everything in the stock market. Buying at the wrong moment is the difference between making money and getting burned. So, what if you knew exactly when all the biggest gains happened almost every single day? Well, we can’t be…