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Bitcoin / Nasdaq Correlation & Buying Crude Oil On A Dip

Bitcoin / Nasdaq Correlation & Buying Crude Oil On A Dip

FromSchwab Network


Bitcoin / Nasdaq Correlation & Buying Crude Oil On A Dip

FromSchwab Network

ratings:
Length:
6 minutes
Released:
May 31, 2022
Format:
Podcast episode

Description

"Bitcoin price spiked higher today. Not sure what the catalyst for this move was as it is not an interest rate play. From a technical analysis perspective, investors should look at the $35K to $36K price level before they can be bullish. From a fundamental standpoint, bitcoin price has been correlated to the Nasdaq. The equity rally could fizzle out," says Scott Bauer. Next, he discusses crude oil and commodities. "I am a buyer of any of the crude oil products and energy commodities as long as there is a dip," Bauer adds.
Released:
May 31, 2022
Format:
Podcast episode

Titles in the series (100)

A unique lineup of financial news and education programs, all available to stream without a subscription. Listen to industry experts track market action and interpret how it may apply to your investment portfolio. Get real-time insights, commentary, and exclusive access to CEOs, analysts, and market experts. Empowering Every Investor and Trader. Every Market Day. Produced by TD Ameritrade Media Productions Company, a wholly-owned subsidiary of TD Ameritrade Holding Corporation. TD Ameritrade Holding Corporation is a wholly owned subsidiary of The Charles Schwab Corporation. TD Ameritrade Media Productions Company is not a financial adviser, registered investment advisor, or broker-dealer. THE TD AMERITRADE NETWORK SITE, CONTENT, APPS, AND RELATED SERVICES, ARE PROVIDED ON AN “AS IS” AND “AS AVAILABLE” BASIS, WITHOUT WARRANTIES OF ANY KIND, EITHER EXPRESS OR IMPLIED. This is not an offer or solicitation in any jurisdiction where we are not authorized to do business or where such offer or solicitation would be contrary to the local laws and regulations of that jurisdiction, including, but not limited to persons residing in Australia, Canada, Japan, Saudi Arabia, UK, and the countries of the European Union. All TD Ameritrade Network content © TD Ameritrade Network. All rights reserved.