News 

See how closely Ohio school report card grades trend with district income

“For example, taking the median household income for each district, the average among those getting “A” overall grades was $95,423″ writes Cleveland Com for cleveland.com. In nearly every key report card category, the trends followed census data closely.To get an idea of how closely report card grades from the Ohio Department of Education follow demographic factors, cleveland.com compared those grades to U.S. Census Bureau community data for household income, child poverty and the education level of the adults. Source: cleveland.com

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Crypto News 

No, Bitcoin Price Is Not in a 2018-Like ‘Descending Triangle’ of Doom

“Even if price is forming a descending triangle on the current Bitcoin price chart, the odds that it breaks down are only 37%” writes Scott Melker for cointelegraph.com. It is created when price forms a descending trend line with lower highs, while a second horizontal trend line with equal lows evolves.Bitcoin price did ultimately continue down, which descending triangle maximalists used as clear evidence that they were correct.Bitcoin price famously formed a massive descending triangle with support around $6,000, which broke down in spectacular fashion en route to $3,200. Source: cointelegraph.com

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Markets News Stocks 

The stock market is experiencing a jarring shift seen only twice in history, and not since the tech bubble. Here’s where JPMorgan’s quant guru says investors should look to capitalize.

“In light of these milestones, the big question is whether the rotation from momentum to value stocks can continue” writes Akin Oyedele for businessinsider.com. If this rally were to ensue and lift previously unloved value stocks with it, you wouldn’t want to be caught on the wrong side of it.These measures tend to kick in with a delay, and they could prop up value stocks and the broader market in the coming months, he said.”Given that the S&P 500 is heavy in bond proxies and secular growth, we would expect…

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Markets News 

US July JOLTS job openings 7217K vs 7331K expected

“This is a lagging indicator but the Fed likes it because it can help to confirm the trend in the jobs market” reports forexlive.com. There’s a good argument that the jobs market was never as tight as believed because of all the prime-aged people out of the workforce. By that logic, the recent slowdown in hiring is a sign of economic weakness, rather than an economy at full employment. Source: forexlive.com

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News 

Gold pulls back, on track for a 3-session skid

“December gold GCZ19, -0.21% fell by $5.10, or 0.3%, to trade at $1,510.40 an ounce after trading as high as $1,523.80” writes Markets Commodities Reporter for marketwatch.com. However, some commodity experts remain bullish and point to gold’s trade above the $1,500-an-ounce mark as the demarcation line between bullish and bearish momentum in the commodity.Prices for gold have climbed nearly 18% so far this year, while those for silver are up by almost 17% over the same period. October platinum PLV19, -0.63%  lost 0.8% to $950.50 an ounce and December palladium…

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News 

Bill de Blasio wants to fight automation with a ‘robot tax,’ but he should look at the minimum wage instead

“De Blasio has been a major advocate of a $15 minimum wage, which has been associated with increasing automation” reports washingtonexaminer.com. Many of the largest minimum wage or near-minimum wage professions (such as the food service industry and grocery cashiers) are among the easiest to replace with automation.But if he’s really concerned about the trend, one thing he should take a look at is his support for a $15 minimum wage.In many cases, the trend would be happening regardless of minimum wage policies.A 2017/2018 paper by economists Grace Lordan and…

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Crypto News 

Price Analysis 04/09: BTC, ETH, XRP, BCH, LTC, BNB, EOS, BSV, XMR, XLM

“The bounce from the neckline of the head-and-shoulders pattern has reached the 20-day EMA. If the price scales above the 20-day EMA, it will re-enter the ascending channel” writes Rakesh Upadhyay for cointelegraph.com. The downtrending moving averages and RSI in negative territory suggests that the path of least resistance is to the downside.The recovery in XRP is facing resistance at the 20-day EMA. Since June 27, every pullback has turned down from the 20-day EMA. This shows that bears are in command. Source: cointelegraph.com

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News 

EURUSD trades lower and cracks longer term trend lines

“Taking a broader look at the weekly chart, the pair also fell below a trend line on the weekly at 1.0941 (see chart below)” reports forexlive.com. The EURUSD kept the pressure on the pair, falling below a trend line on the daily at the 1.0962 level.If they cannot get and keep the price above the broken trend lines, the sellers remain more in control.With the price trading at the lowest level since since 2017, the onus is on the buyers to take back control. Source: forexlive.com

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