Bitcoin surpassed its November 2021 record high on Tuesday as demand for the token continued to be filed by excitement over spot bitcoin ETFs and the April halving event. Our Algo Engine generated a buy signal in January and the holding is up 71% after 47 days.
The red arrow suggests we’re nearing a short-term peak and traders may look at hedging any long exosure on a downturn in the price momentum.
Our Algo Engine generated a buy signal in Bitcoin on 23/1/2024, and the trade is up 53% after 36 days.
In case you missed it, you can watch last night’s webinar here.
At the start of 2023, we added 5 ETFs to the Investor Signals Global Growth portfolio. For the 12 months, the portfolio returned 80% with the bulk of the gains attributed to Cyber Security, Cloud Computing, and Fang.
We will be building the tracking portfolio of our favored funds for 2024 and covering these in our next public webinar.
In case you missed it, you can watch last night’s webinar here.
Third-quarter revenue increased 34% from the prior quarter and 206% from a year ago, reflecting how increased demand for AI has boosted the company’s sales throughout 2023.
The company’s revenue guidance for the current quarter also topped estimates, coming in at $20 billion.
In case you missed it, you can watch last night’s webinar here.
S&P 500 Q3 earnings increased for the first time since last year, with average EPS up 4% year over year. If energy is excluded, the result is more impressive at +10% growth.
S&P 500 EPS forecasts for the full year are $225, (largely the same as 2022), and in 2024 EPS growth is forecast to increase 5% to $237.
At 4500 points the S&P500 is trading at 20x forward EPS.
US ISM manufacturing index logged its twelfth straight month in contractionary territory for October, suggesting slowing economic activity. However, labour market conditions remain tight.
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