VIX hits 30. S&P 500 down 96 points

It’s really ugly out there now Fear is in the air now. This is getting close to a mini-crash. The S&P 500 is into negative territory on the year. This had been mostly a stock market event but now FX and bonds are getting involved. And just like that the Dow is down 1000 points […]

Why HODL Won’t Save Bitcoin, Ether, or Other Cryptos

Bitcoin, Ether, Ripple, and other currencies continue to plummet for the second-consecutive week—threatening critical support levels which seem likely to spark bigger declines. Our IG Client Sentiment continues to warn that holdings remain remarkably one-sided in the cryptocurrency space. According to IG order books, a remarkable 72 percent of traders with open positions are long

Bitcoin May Find Support as Sentiment Suggests

New to Bitcoin? Be sure to check out our new Bitcoin Trading Guide! Bitcoin: Retail trader data shows 71.6% of traders are net-long with the ratio of traders long to short at 2.52 to 1. The number of traders net-long is 3.4% higher than yesterday and 6.6% higher from last week, while the number of […]

S&P 500 falls below 2700

Ugly, ugly day The S&P 500 closed 2017 at 2673. That leaves the index just 27 points into positive territory for the year. It’s down 61 points today and 6% since the high on January 26. That looks terrible, unless you’re long Bitcoin, which is down a whopping 22% to $6625 today in a true […]