Posted 11/28/2023, 8:55:00 PM
Stocks Lack Direction as Coinbase Continues Rally, Gold and Bitcoin Surge
- Stocks today proved largely directionless, with declines in small caps and transportation serving as exceptions. Gold and Bitcoin rallied sharply.
- Coinbase Global surged 7.1% to continue showing leadership. The stock is extended from a 114.43 buy point.
- Major indexes have gone on a torrid run over the past 4 weeks since the Nov. 1 follow-through day.
- The Dow edged up 0.2% while the Nasdaq added nearly 0.3%. Volume rose mildly vs. Monday.
- Wheaton Precious Metals is building the right side of a long cup base. A potential entry point is at 52.76.