- How Bradley Cooper Nailed His Six-Minute ‘Maestro’ Conducting Scene in One Take: ‘Singing at the Oscars’ Doesn’t Even Compare Variety
- Bradley Cooper FaceTimed Emma Stone after watching Poor Things The A.V. Club
- Bradley Cooper ‘Messed Up’ Maestro’s First Day Of Filming So Bad, He Ended Up Praying To Leonard Bernstein CinemaBlend
- ‘Jumping Off the Cliff Every Day’: Emma Stone and Bradley Cooper Spent Six Years Each on ‘Poor Things’ and ‘Maestro’ Variety
- Bradley Cooper Reveals Superstar Director Initially Attached to ‘Maestro,’ Talks How He Landed the Job Just Jared
Tag Archives: Nailed
Football Coach Who Got Nailed By NCAA for Paying Recruits Cites George Floyd and Breonna Taylor in Explanation for Why He Did It – Mediaite
- Football Coach Who Got Nailed By NCAA for Paying Recruits Cites George Floyd and Breonna Taylor in Explanation for Why He Did It Mediaite
- Ex-Tennessee football coach cited death of George Floyd, others as reason for helping players: report Fox News
- Jeremy Pruitt carried wads of cash at Alabama, per report, cites George Floyd in investigation AL.com
- Tennessee Attorney General Threatened To Sue The NCAA If They Gave Vols Football Program A Bowl Ban Outkick
- First and 10: Tennessee’s strategy vs. NCAA allegations was pure genius … and worked to perfection Saturday Down South
- View Full Coverage on Google News
Strategist Who Nailed 2022 Bitcoin Downturn Issues Fresh Warning to Crypto Traders
An analyst who correctly called Bitcoin’s collapse this year is warning BTC holders, saying that a capitulation event for the king crypto is in sight.
The pseudonymous analyst known in the industry as Capo tells his 692,200 Twitter followers that Bitcoin continues to flash signs of weakness.
While Bitcoin bulls have managed to ignite a rally from the current bear market low of around $15,700, Capo says that the recent bounce is notably smaller compared to BTC’s previous surges since June.
“Every bounce is smaller. Lower lows and lower highs. Support becoming resistance. $12,000 is like a magnet.”
At time of writing, Bitcoin is changing hands for $16,840. A move to Capo’s $12,000 target indicates an over 28% decline for the king crypto.
Capo also says that traders are likely not prepared for the drastic move down.
“Just read the comments here and you will get a second confirmation (first one is the analysis and indicators) that most people are trapped above $17,000 or higher and couldn’t take another drop. Like I said before, most people are not prepared for what is coming and it shows.”
He adds that the current trading environment in crypto and the stock market appears to be creating a “perfect scenario for a proper capitulation.”
“Stock market bleeding, altcoins breaking key supports, indicators pointing down, bulls getting euphoric and cocky for tiny pumps.”
Looking at the equities market, Capo says the S&P 500 (SPX) remains in a downtrend after respecting its diagonal resistance.
“Clear bearish retest. Downtrend intact.”
Traders keep an eye on the performance of the SPX as a weak index suggests that investors remain wary of risk assets like stocks and crypto.
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Disclaimer: Opinions expressed at The Daily Hodl are not investment advice. Investors should do their due diligence before making any high-risk investments in Bitcoin, cryptocurrency or digital assets. Please be advised that your transfers and trades are at your own risk, and any loses you may incur are your responsibility. The Daily Hodl does not recommend the buying or selling of any cryptocurrencies or digital assets, nor is The Daily Hodl an investment advisor. Please note that The Daily Hodl participates in affiliate marketing.
Featured Image: Shutterstock/Roman Sakhno
He nailed three big S&P 500 moves this year. Here’s where this strategist sees stocks headed next, with beaten down names to buy.
A Wall Street hat trick may not be on the cards, with stocks in the red for Wednesday.
A two-day rally was never a guaranteed exit out of the bear woods anyway, as some say signs of a durable bottom are still missing.
Enter our call of the day, from the chief market technician at TheoTrade, Jeffrey Bierman, who has made a string of prescient calls on what has been a roller coaster year for the index thus far. He’s also a professor of finance at Loyola University Chicago and DePaul University.
Bierman, who uses quant and fundamental analysis to determine market direction, sees the S&P 500
SPX,
-1.62%
finishing the year between 4,000 and 4,200, maybe around 4,135. “Fourth-quarter seasonality favors bulls following a weak third quarter. Not to mention most stocks are priced for no growth,” he told MarketWatch in a Monday interview.
In December 2021, he forecast the S&P 500 might see a 20% decline within six months, toward 3,900 — it hit 3,930 in early May. In June, he forecast a rally and recovery to 4,300 — the index hit 4,315 by mid-August.
Speaking to MarketWatch on Aug. 25, Bierman saw a retest of around 3,600 for the index, citing an often rough September for stocks. It closed out last month at a new 2022 low of 3,585.
“I think we’re going to end up for the quarter. [The market is] deeply oversold and some stocks are completely mispriced in terms of their valuation metrics,” said Bierman, who is looking squarely at retail and technology sectors.
“The valuations on half the chip stocks are trading below a multiple of seven. I’ve never seen that ever…but what that means is when the semiconductor sector comes back, the multiple expansion is gonna be like a volcanic eruption to the upside,” he said of the sector known for its boom/bust cycles.
For example, he owns Intel
INTC,
-2.53%,
which hit a five-year low on Friday. Eventually, the company that has invested $20 billion in a new U.S. plant will come roaring back alongside rivals like Advanced Micro
AMD,
-4.65%.
“People will look back on this and go ‘Oh, my God, I can’t believe Intel was at five times earnings,’ which is insanity for this stock.”
For the S&P 500 as a whole next twelve months price/earnings is currently 16.13 times, so Intel’s would be less than half of the broader index, according to FactSet
As for retail, he’s been looking at Urban Outfitters
URBN,
-1.06%,
Macy’s
M,
-1.94%
and Nordstrom
JWN,
-0.67%,
all places where millennials don’t shop, but the middle class does, with the all-important holiday shopping period dead ahead.
“There are 100,000 people being hired to work part time at these companies, and their margins are not coming down at all,” with no markdowns and decent sales, he said, noting those companies are being priced at a multiple of 5 times forward earnings.
“It means that you don’t think that Macy’s can put together for the Christmas quarter a comparative quarter, year over year of greater than 5%? If you don’t then don’t buy it, but I do,” said Bierman. “That’s why I’m willing to stick my neck out and buy these things. I bought Abercrombie & Fitch
ANF,
-3.78%
at 10 times earnings…I’ve never seen it that low.”
For those who aren’t comfortable picking stocks, he says they can still get exposure through exchange-traded funds, such as SPDR S&P Retail
XRT,
-2.58%
or the Technology Select Sector SPDR ETF
XLK,
-1.70%.
Bierman adds that investors need to be careful not to be overly concentrated in the top stocks, given “10 stocks accounted for 45% of the Nasdaq and the fact that 25% of the S&P almost accounted for about 50% of the S&P movement.”
“Everbody’s concentrated in 10 stocks that can still fall another 30% or 40%, like Apple and Microsoft. The idea of concentration risk is that everybody owns Apple, everybody owns Amazon,” he said.
And that could force the hand of passive and active managers heavily invested in those big names, driving a 10% drop for markets that “washes away all other stocks.”
The markets
Stocks
DJIA,
-1.21%
SPX,
-1.62%
COMP,
-2.19%
are in the red, and bond yields
TMUBMUSD10Y,
3.783%
TMUBMUSD02Y,
4.199%
are up, along with the dollar
DXYN,
.
Silver
SI00,
-5.00%
is retracing some of this week’s big gains, and bitcoin
BTCUSD,
-2.62%
is also off, trading at just over $20,000. Hong Kong stocks
HSI,
+5.90%
surged 6% in a catch-up move following a holiday. New Zealand’s central bank hiked rates a half point, the fifth increase in a row.
The buzz
Oil prices
CL.1,
-0.02%
BRN00,
+0.28%
are flat as OPEC+ reportedly agreed to cut oil production by 2 million barrels a day. Some say don’t be too impressed by any output reduction.
Amazon
AMZN,
-2.34%
will reportedly freeze corporate hires in its retail business for the remainder of 2022.
Mortgage applications fell to the lowest pace in 25 years in the latest week.
The ADP private-sector payrolls report showed 208,000 jobs added in September. The trade deficit narrowed, which should be good news for third-quarter GDP. The Institute for Supply Management’s services index is due at 10 a.m. Atlanta Fed President Raphael Bostic will also speak.
Expect the spotlight to stay on Twitter
TWTR,
-2.53%
after Tesla
TSLA,
-5.16%
CEO Elon Musk committed to the $44 billion deal. But will it feel like a win once he owns it?
Plus: Elon Musk’s legal battle with Twitter may be over, but his war with the SEC continues
EU countries agreed to impose new sanctions on Russia after the illegal annexation of four Ukraine regions. Those moves will include an expected price cap on Russian oil.
South Korea’s missile fired in response to North Korea’s weapon launch over Japan, crashed and burned.
Best of the web
Russians fleeing Putin’s mobilization are finding haven in poor, remote countries.
Consumers are throwing away perfectly good food because of ‘best before’ labels.
The CEO of an election software company has been arrested on accusations of ID theft.
Top tickers
These were the top-searched tickers on MarketWatch as of 6 a.m. Eastern:
| Ticker | Security name |
|
TSLA, -5.16% |
Tesla |
|
GME, -7.59% |
GameStop |
|
AMC, -9.56% |
AMC Entertainment |
|
TWTR, -2.53% |
|
|
NIO, -5.92% |
NIO |
|
AAPL, -1.77% |
Apple |
|
APE, -8.40% |
AMC Entertainment preferred shares |
|
BBBY, -8.52% |
Bed Bath & Beyond |
|
AMZN, -2.34% |
Amazon |
|
DWAC, -0.64% |
Digital World Acquisition Corp. |
The chart
More market-bottom talk:
Random reads
All about the investment manager who caught Yankees’ superstar Aaron Judge’s record-breaking home run.
An iPhone in a 162-year old painting? The internet is stumped.
Need to Know starts early and is updated until the opening bell, but sign up here to get it delivered once to your email box. The emailed version will be sent out at about 7:30 a.m. Eastern.
Listen to the Best New Ideas in Money podcast with MarketWatch reporter Charles Passy and economist Stephanie Kelton
Crypto Analyst Who Nailed Bitcoin Collapse This Year Issues Warning, Says Fresh BTC Crash Imminent
A closely tracked crypto strategist who accurately predicted Bitcoin’s correction below $30,000 says that it’s almost time for BTC to collapse to fresh 2022 lows.
Pseudonymous analyst Capo tells his 425,900 Twitter followers that the top crypto asset by market cap’s inability to stay above the key psychological price area of $20,000 suggests that another sell-off event is imminent.
“It’s time… This is exactly what has happened. Support to resistance flip, another bull trap. Strong rejection and straight to new lows.”
Capo says Bitcoin looks poised to dip below its yearly low of around $17,600.
“BTC: more accurate projected roadmap for the potential local bottom formation around $16,000.”
Based on Capo’s chart, he expects Bitcoin to briefly correct below $16,000 before launching a sharp rally above $20,000 and reclaiming the price level as support.
Capo also adds that his expected BTC correction could bring about a massive devaluation in the altcoin markets.
“Expecting 45-50% drop on altcoins from current prices.”
Capo, who has been bearish on the king crypto since April when it was trading close to $50,000, says that he will join the ranks of BTC bulls once the bottom is in.
“I have become the nightmare of the bulls, but soon I will be the nightmare of the bears.”
Bitcoin is changing hands at $19,170 at time of writing.
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Disclaimer: Opinions expressed at The Daily Hodl are not investment advice. Investors should do their due diligence before making any high-risk investments in Bitcoin, cryptocurrency or digital assets. Please be advised that your transfers and trades are at your own risk, and any loses you may incur are your responsibility. The Daily Hodl does not recommend the buying or selling of any cryptocurrencies or digital assets, nor is The Daily Hodl an investment advisor. Please note that The Daily Hodl participates in affiliate marketing.
Featured Image: Shutterstock/Swill Klitch/Sensvector
Crypto Analyst Who Nailed Bitcoin May 2021 Collapse Predicts Incoming BTC Rally – Here’s His Target
A crypto strategist who accurately called Bitcoin’s May 2021 meltdown is now predicting a potential rally that could send BTC toward its long-term diagonal resistance.
Pseudonymous analyst Dave the Wave tells his 112,100 Twitter followers Bitcoin is trading within an ascending channel and potentially gearing up for a short-term rally to his target.
“Bitcoin shorter term.”
According to the crypto strategist, his target of $39,547 is “speculative” and is only valid as long as the channel holds.
Although Dave the Wave remains cautious, he says that traders who believe Bitcoin will revisit its 2017 cycle high of $20,000 should start thinking about risk management considering BTC is down big from its all-time high.
“No one last year conceived of Bitcoin price falling to the previous all-time high. And yet now clarion calls abound. Is it possible? Sure, but people need to balance the [renewed] risk to the upside against the risk to the downside…
Simply amazed that I am now more bullish than the ‘once were hyper-bulls,’ who have turned bearish, or neutral at best, since the recent capitulation.”
The crypto strategist is also entertaining the possibility the bear market bottom is already in.
“Equally, the low could already have been put in. Shortest-term volatility is always the hardest to predict as near random. It is the longer-term indicators, as per the monthly chart, that gives the most reliability in technical analysis.”
Looking at the long-term timeframe, Dave the Wave shows how Bitcoin has always bottomed out after touching the four-year moving average on the monthly chart.
“Support on the four-year moving average.”
At time of writing, Bitcoin is trading for $29,807 while the four-year moving average on the monthly chart is hovering above $22,000.
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Disclaimer: Opinions expressed at The Daily Hodl are not investment advice. Investors should do their due diligence before making any high-risk investments in Bitcoin, cryptocurrency or digital assets. Please be advised that your transfers and trades are at your own risk, and any loses you may incur are your responsibility. The Daily Hodl does not recommend the buying or selling of any cryptocurrencies or digital assets, nor is The Daily Hodl an investment advisor. Please note that The Daily Hodl participates in affiliate marketing.
Featured Image: Shutterstock/Mars0hod
2022 Kentucky Derby horses, contenders, odds, date: Expert who nailed 9 Derby-Oaks Doubles reveals picks
The Kentucky Derby is much more than just a horse race, as it also has a party-like atmosphere for those in attendance at Churchill Downs. No party would be complete without the finest of delicacies, which is why Churchill Downs has released its 2022 Kentucky Derby menu. Spectators at the event will be able to revel in an assortment of salads, casseroles and gourmet desserts served prior to the Kentucky Derby 2022 on Saturday. Then, and with full bellies, they’ll watch “The Most Exciting Two Minutes in Sports.” The favorite to win Kentucky Derby 148 is Zandon, who drew the No. 10 post and is 3-1 in the 2022 Kentucky Derby odds. Other 2022 Kentucky Derby contenders include Epicenter (7-2), White Abarrio (10-1) and Taiba (12-1). The 2022 Kentucky Derby post time is 6:57 p.m. ET. With so much to consider, you’ll want to see what SportsLine’s Jody Demling has to say before entering any 2022 Kentucky Derby picks or horse racing predictions of your own.
A fixture in the horse racing world who has been writing about, talking about and betting on races for years, Demling has been on-point with his horse racing bets. He hit the exacta in the Wood Memorial in April. Last year, he hit the exacta, trifecta and superfecta in the Belmont Stakes. This is the same handicapper who hit the Derby-Oaks double at Churchill Downs nine times in the last 13 years. That means he held a ticket with the winners of both the Kentucky Oaks and Kentucky Derby all but four times in his last 13 tries.
In addition, at one point in 2020, he picked the winners of six straight races: the Saudi Cup, Gotham Stakes, Rebel Stakes, Louisiana Derby, Florida Derby, and Belmont Stakes. On Friday, he nailed the exacta in the 2022 Kentucky Oaks. Anyone who has followed him on these races is way up.
Now, with the 2022 Kentucky Derby lineup locked in, Demling is sharing his picks and predictions over at SportsLine. Go here to see them.
Top 2022 Kentucky Derby predictions
One of Demling’s surprising 2022 Kentucky Derby picks: He is fading Epicenter, saying one of the top favorites barely even cracks the top three. Epicenter is one of the only 2022 Kentucky Derby horses to earn both Beyer and Brisnet speed figures of 100 or more. However, Epicenter’s runner-up finish at the Lecomte Stakes in January gives the expert some pause.
“I really hoped he would be the favorite so I could get a better price on my top two,” Demling told SportsLine. “Epicenter’s only race he didn’t finish first or second was at Churchill Downs in his first game. He’s won on the lead and stalking and has really good speed numbers. I can see him capturing the roses, but I’m going elsewhere.”
Another stunner: Demling is high on Mo Donegal, even though he’s a double-digit long shot and will race from the inside post. Mo Donegal is one of the few 2022 Kentucky Derby horses to defeat Zandon, as he did that in winning the Remsen Stakes. His last time out saw Mo Donegal display his unparalleled closing speed, as he ran the final three-eighths of a mile in the Wood Memorial Stakes in 35.61 seconds to win that race.
Every horse in the 2022 Kentucky Derby field had the final three-eighths of a mile in their last prep race timed, and Mo Donegal’s bested them all. In fact, his 35.61 seconds is the fastest by any Kentucky Derby starter since 2016. The next fastest time during that stretch was by Maximum Security in the 2019 Florida Derby, and the horse would go on to win that year’s Kentucky Derby before being disqualified due to interference. Mo Donegal is in a league of his own in regards to his final kick, and with the most experienced Derby trainer in Todd Pletcher by his side, he carries plenty of value for 2022 Kentucky Derby bets.
How to make 2022 Kentucky Derby picks, bets
Demling is especially high on an evening bigger double-digit long shot who has “been training great at Churchill Downs,” and is set to hit the board hard. Demling is sharing which horse it is, along with his entire projected leaderboard, over at SportsLine.
Which horse wins the Kentucky Derby 2022? And which huge underdog is a must-back? Check out the latest 2022 Kentucky Derby odds below, then visit SportsLine to see Demling’s picks for the Kentucky Derby, all from the expert who nailed nine Derby-Oaks doubles and six straight races.
2022 Kentucky Derby horses, odds
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Jussie Smollett Got Totally Nailed in His Cross-Examination
After Jussie Smollett spilled all the tea he could on Monday, Special Prosecutor Dan Webb put the focus back on the attack on the Empire star that the actor allegedly staged in a brutal cross examination on Tuesday.
Webb, a lawyer’s lawyer who nailed corrupt judges and cops when he served as the U.S. attorney for the district including Chicago and who prosecuted Ronald Reagan’s national security adviser and deposed the president as special counsel in the Iran-Contra affair, shifted the focus back to the incident at hand. This after Smollett had previously shared intimate details about his relationship with one of the Osundairo brothers, who have testified that the actor paid them $3,500 in 2019 to stage a fake hate crime against him.
Tuesday’s cross examination felt like a masterclass in how to zero in on details and seal the deal. After a day of salacious speculation, innuendo, and tabloid fodder, Webb wanted to remind the jury what they were here to decide upon.
Webb focused on the scene of the incident and the actions leading up to it. Evidence provided during the trial showed that Smollett and the Osundairo brothers drove multiple times in the preceding days around the exact location where the actor would later claim he was physically attacked, had bleach poured on him, and a noose put around his neck in the frigid wee hours of Jan. 29, 2019.
Smollett had previously testified that he solely worked with Abimbola, the Osundario brother he also testified that he had a sexual, drug-induced relationship with—and that he didn’t get along with older brother Olabinjo, who Smollett claimed “had nothing to do with my life.” (Abimbola, who appeared as an extra on “Empire,” has denied that he and Smollett had a sexual relationship.)
So why was Olabinjo in the car with the two of them around the area in question for a workout that didn’t happen?
“You got so stoned that you decided when you got to Streeterville you were too stoned to work out?” Webb asked.
“No,” Smollett replied back. “I’ve worked out many times high on weed. It certainly wasn’t that.”
The actor claims that he found it “weird” that Olabinjo had accompanied him and Abimbola and that, at the time, he said the workout didn’t happen because he had an interview to prepare for. But as Webb kept pressing him on specifics, Smollett grew more and more visibly frustrated.
One notable example was when the prosecution pressed Smollett to acknowledge that he drove around the area not one but three times with the Osundairo brothers.
“Do you have any reason to disagree with police testimony that you passed by the intersection three times?” Webb asked.
“I don’t know,” Smollett replies. “I circled around the block.”
“How long were you there?”
“Well you have the surveillance, you have to tell me,” Smollett snapped back. “It was three years ago.”
It was clear that Webb had hit a nerve with Smollett. After the actor tried to cast doubt on Abimbola’s testimony by claiming the two had been in a sexual relationship, Webb put the focus back on Smollett, pressing him in an intense series of back-and-forth exchanges about the specific details of the night in question. These included whether Smollett thought a Walgreens was open for 24 hours, why he was looking for eggs in the middle of the night, whether or not he’d asked Abimbola about a workout that night, and on and on until the actor seemed to hit a breaking point.
“I’m just concerned about answering yes or no,” Smollett told Judge James Linn after Webb began to strike one of his responses as “non-responsive.”
“Please, please,” Linn told him. “It’s the same for all witnesses, it’s not personal to you. The lawyer asks questions, you answer them.”
In a final round of back-and-forth, Webb pressed Smollett on the attack itself, and why Smollett changed his initial description of his attackers to the police from white to being “pale skinned.”
By the end of his cross-examination, Webb had left many lingering questions about Smollett’s account of what happened for jurors to consider. Among them: If Smollett had delayed a workout with Abimbola that night, as he testified, why were there no follow-up messages or calls about that?
As Webb wrapped up his questioning, he asked Smollett if “getting a few bruises” had really impacted his acting career.
“Mr. Webb, I have a scar under my eye that looks like a bag for the rest of my life,” Smollett replied, while also mentioning a “black circle” on his face. “It’s absolutely a problem.”
Webb then showed Smollett a photo of him during his controversial Feb. 2019 Good Morning America interview with Robin Roberts a few weeks after the attack. In the photo, Smollett did not appear to have any of the markings he’d just described on the stand.
Smollett clapped back, asking Webb if he knows what Hollywood interviews are like and insisting that the makeup provided to him on set “makes me look much better.”
Damn, Jussie—how did you let him get you like that?
Once Webb finished, defense attorney Nenye Uche followed up with redirect questions for Smollett involving his communication with the Osundairo brothers. They were fine and fair, but the damage had already been done, as it appears that the once-celebrated star may have bitten off more than he could chew by choosing to take the stand.