Bruce Bentley

Don't rely on it Amazon.com, Inc. (NASDAQ: AMZN), Netflix, Inc. (NASDAQ: NFLX) or Apple Inc. (NASDAQ: AAPL) to hit new highs soon. All three have significant resistance just above their current prices. Resistance is a group or concentration of vendors gathered at or near the same price level. They are all trying to get the same price for their shares. Rallies end when they reach a level of resistance, and stocks often trend lower afterwards. See Also: SVODs In The Spotlight At Oscars When Netflix Hits 7, Facebook Wins First Prize There is resistance for Amazon at the $ 3,400 level. It was the peak of October, February and the beginning of this month. The resistance for Netflix is ​​$ 560. Over the past few months, every time stocks hit this level, there has been a sell-off. For Apple, the resistance is at $ 137. Shares have hit this level five times since September. A sell-out followed at every opportunity. ...

  Cryptocurrencies rallied across the board on Monday as the US dollar rallied and US stocks climbed to record highs as investors are likely divided the outlook for one after President Biden's impending proposal to max out capital gains taxes Congress seemed to cheer -income Americans. The positive outlook is also supported by the expectation that the Federal Reserve will remain accommodative with the world's largest economy rapidly recovering to pre-pandemic levels. Investors will be watching corporate earnings and US economic data this week to see if actual results warrant high valuations in the private sector. Risky assets were positive for the past 24 hours after Asian bargain hunters increased crypto trading activity significantly on Monday morning. Bitcoin (BTC) is consolidating near $ 54,000 after breaking initial resistance levels and appears to be building momentum towards $ 55,000, which may pave the way for even higher levels this week. There is a possibility of ...