This post was originally published on TKer.com. It’s a bear market. On Monday, the S&P 500 tumbled 3.9% to close at 3,749.63. That put the index down 21.8% from its January 3 all-time closing high of 4,796.56. This was the first time the S&P closed down by at least 20% from its high, confirming that we’ve been in an official bear market. By the end of the week, the S&P had fallen to 3,674.84, down 23.4% from its high. Historically, bear markets have come with more pain. According to Howard… Source link
Read More »An ‘inconsistent’ crash indicator triggered as traders watch
Bulls beware. Bears are watching a technical indicator for clues of a sign of what could come. The Hindenburg Omen, which measures the ratio between the new 52-week highs and lows, was triggered on back-to-back days last week. The technical indicator is used to predict the likelihood of a market crash. But the signal isn’t followed by many traders — because it doesn’t have a reliable track record. Art Cashin, markets guru and director of floor operations at UBS, recently described the… Source link
Read More »Bitcoin Drops Below $31K Before Rebounding; $8B in Liquidations Triggered
Bitcoin tumbled for a fifth-straight day, putting the largest cryptocurrency on track for its worst month in more than three years and leading a full-flown retreat from digital-asset markets. At press time, bitcoin (BTC) was changing hands at around $38,500, after dropping below $31,000 earlier Wednesday. The price was down 9.8% since 0:00 coordinated universal time (8 p.m. ET Tuesday). As recently as April, the price had hit an all-time high of close to $65,000. The latest crash shook out… Source link
Read More »Google restarts updates for some iOS apps after long pause triggered by lack of privacy labels – TechCrunch
Google over the weekend began to update many of its flagship iOS apps after a lengthy delay caused by the company’s failure to add Apple’s newly required privacy labels in a timely fashion. Though Google earlier this year said it would “soon” begin to add the labels to its apps as they were updated, it has still yet to do so for a number of key properties — including Search, Photos, Assistant, Maps, Pay, Chrome and others. Per Apple’s policy, developers cannot issue further… Source link
Read More »Google restarts updates for some iOS apps after long pause triggered by lack of privacy labels
Google over the weekend began to update many of its flagship iOS apps after a lengthy delay caused by the company’s failure to add Apple’s newly required privacy labels in a timely fashion. Though Google earlier this year said it would “soon” begin to add the labels to its apps as they were updated, it has still yet to do so for a number of key properties — including Search, Photos, Assistant, Maps, Pay, Chrome and others. Per Apple’s policy, developers cannot issue further updates until… Source link
Read More »Packers’ intentional penalty could have triggered an unusual rule
At the two-minute warning of Sunday’s NFC Championship Game, the Buccaneers had the lead and the ball, with second-and-1. The Packers made a smart decision: They intentionally jumped offside, figuring it’s easier to stop a team from picking up a first down and running the clock on first-and-10 than on second-and-1. Because it was a smart decision by the Packers, the Buccaneers should have declined the penalty. They didn’t, but if they had, it could have triggered an unusual rule in the… Source link
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