Crypto News Stocks 

Complex AI Trading Algorithms Are Available Now

“A multi-layered predicting system Mirocana was designed for stock, currency and crypto-currency markets” reports newsbtc.com. It is hard to believe that some AI system can help you to generate profits on stock, currency and crypto-currency markets, but now sophisticated investing algorithms and AI-powered trading robots are no longer available to a limited number of market players.On Currency Market, the system can predict 125 currency pairs that are available with OANDA broker.Experts wonder if there is a way to discern valuable information from the volume of all data available.There are three…

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News 

A chilling sentence from Bank of America’s tech chief should have a big chunk of Wall Street worried

“And 47% of Goldman Sachs’ recent job listings are in technology, according to CB Insights” writes Frank Chaparro for businessinsider.com. Wall Street is ramping up spending on technology and hiring more people with tech skills, especially in trading where profits have been harder to come by and banks are looking to cut costs. Source: businessinsider.com Share This:

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News Stocks 

Tencent-backed gaming and shopping company Sea stumbles in US IPO

“Shares of Singapore-based online gaming and e-commerce company Sea stumbled in the company’s U.S. stock market debut Friday” writes Brendan Mcdermid for cnbc.com. Shares priced at $15 apiece, above the expected range of $12 to $14, in the $884 million IPO. Shares opened at $16.25 on the NYSE but fell below $15 within the first hour of trading.The company trades under the ticker symbol “SE.” The Tencent-backed company also boosted the original offer size of 49.69 million shares by 18.7 percent in response to strong demand. “We built a very…

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News Stocks 

Apple’s recent weakness is just the ‘pause that refreshes,’ says one technical analyst

“Apple’s 200-day moving average comes in around $146, about 8 percent below where the stock is trading” writes unknown author for cnbc.com. It’s rolling over and trading below its 50-day moving average,” Larry McDonald, editor of The Bear Traps Report, said Thursday on CNBC’s “Trading Nation.”. You saw a stock that consolidated sideways, broke its 50-day moving average, found support for a while right around the uptrend support line,” he said. Source: cnbc.com Share This:

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News Stocks 

General Electric’s disastrous earnings report caught traders off guard

“General Electric’s stock is getting whacked after the company fell short of analyst estimates and slashed its forecast” writes Joe Ciolli for businessinsider.com. Less than 10 minutes into Friday’s trading session, GE’s stock had already seen two-thirds of the volume it normally sees in a full day.In addition, short interest on GE — a measure of bets that the stock will fall — actually declined heading into the earnings report, implying that investors were getting more confident in the preceding weeks.They were paying the lowest premium in eight years to protect against…

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Markets News Stocks 

End of an era as Hong Kong stock trading floor set to close

“The shutdown marks the end of an era for the stock market, which symbolized the city’s ascent as an Asian finance hub” reports foxbusiness.com. Hong Kong Exchanges stopped updating stats for floor trading in 2014, when it accounted for less than 1 percent of monthly turnover.”Hong Kong is one of the world’s financial centers, but if we don’t have the stock market trading hall, it will be a little sorrowful.He and the other few floor traders left have been moving out ahead of the closure.Hong Kong’s last remaining stock market…

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Markets News 

Wall Street’s Robots Still Have a Lot to Learn About Being a Human Trader

“See the graphic: Robots of Wall Street are coming for these trading jobs One not-so-well kept secret of Wall Street is that many companies rely on aging computers” writes unknown author for bloomberg.com. The average age of software in finance is about 38 years, according to technology tracker CB Insights. Source: bloomberg.com Share This:

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Futures Markets News Stocks 

Happy 30th anniversary, Black Monday!

“It comes from buying or selling index futures to capture the difference in price between the cash market and the futures market” writes Aol Staff for aol.com. With U.S. stocks trading at all-time highs, it might be easy to forget that 30 years ago this week Wall Street had its worst single-day loss ever.It then told banks to loan out that money to support trading and provide the liquidity needed to keep stocks trading.This deepened losses in the futures market, which prompted more selling. Source: aol.com Share This:

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Markets News Stocks 

Dow 23K: More new highs ahead, market expert says

“Hedlund noted that record closes on the Dow, Nasdaq, S&P 500 and the Dow Jones Transportation Average in October signal the extensive strength of the market run” reports foxbusiness.com. As the Dow reaches yet another new psychological milestone, some investors are worried the bull market might be overdone.All three major indices opened Thursday’s trading session lower. Source: foxbusiness.com Share This:

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Markets News Stocks 

Could the 1987 Stock Market Crash Happen Again?

“Modern trading technology, changes to the way stock exchanges operate and in the way investor funds are managed should make a repeat of the 1987 crash unlikely” writes Min Read for reuters.com. NEW YORK (Reuters) – On the 30th anniversary of the 1987 stock market crash, U.S. stocks are at a record high and investors are concerned that steep valuations may mean a correction is overdue, despite healthy corporate earnings and economic growth.If the decline continues once trading resumes, and it is still before 3:25 p.m., the market is again…

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