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Correction

All articles tagged with #correction

Semiconductor Rally Near a Breaking Point
markets14 days ago

Semiconductor Rally Near a Breaking Point

The Philadelphia Semiconductor Index (SOX) is more than 50% above its 200-day moving average and showing extreme overbought signals (RSI above 80, price above the upper Bollinger band), markers that have historically preceded sharp pullbacks. The rally appears driven by gamma squeezes from aggressive call buying (notably in Micron and AMD). While a brief upside is possible, the setup is unstable and suggests a meaningful correction could be on the horizon.

via Seeking Alpha|
#correction#gamma-squeeze#markets
NOPD retracts federal-target claim in Thoth parade incident
local3 months ago

NOPD retracts federal-target claim in Thoth parade incident

The New Orleans Police Department issued a correction about the Krewe of Thoth incident, clarifying that riders on Float 32 were throwing items aggressively at a civilian paradegoer holding an anti-ICE sign, not at federal agents. The investigation is ongoing, no arrests have been made, and the NOPD is coordinating with the Krewe of Thoth. City leaders reiterate that aggressive behavior at parades will not be tolerated.

via WWLTV.com|
#civilian-paradegoer#correction#float-32
Bitcoin Nears $100K: Analysts Warn of Potential Correction
cryptocurrency1 year ago

Bitcoin Nears $100K: Analysts Warn of Potential Correction

Bitcoin's recent surge to near $100,000 has raised concerns about potential overheating, with key indicators suggesting caution. The Relative Strength Index (RSI) indicates overbought conditions, while the Spent Output Profit Ratio (SOPR) shows increased profit-taking. Additionally, rising Funding Rates suggest an overleveraged market, reminiscent of past peaks. These factors point to a possible market correction, which could stabilize Bitcoin's growth trajectory.

via AMBCrypto News|
#bitcoin#btc#correction
"Market Sentiment Solid Despite Technical Divergence in SPY and TLT"
finance2 years ago

"Market Sentiment Solid Despite Technical Divergence in SPY and TLT"

The author presents a neutral outlook on the SPDR® S&P 500 ETF Trust (SPY), expressing concerns about the growing discrepancy between real interest rates and the upward trend of the SPY. They suggest that a correction in the market may be imminent, possibly reaching 10-20%, due to the overheated and overbought status. The author emphasizes that this is not an attempt to time the market and does not encourage shorting the SPY, but rather provides food for thought. They also discuss the impact of 10-year treasuries on the stock market and the potential scenarios that could unfold in relation to real interest rates.

via Seeking Alpha|
#correction#finance#interest-rates
"Lyft's Earnings Typo Sends Shares Soaring 70%"
business2 years ago

"Lyft's Earnings Typo Sends Shares Soaring 70%"

Lyft's shares surged by as much as 67% after the company mistakenly projected a 500 basis point expansion in its margins, only to later correct the estimate to 50 basis points, attributing the error to a "clerical error." The correction led to a significant reversal in share price, with analysts describing the incident as a "debacle mistake" and a "black eye moment" for the company. CEO David Risher took responsibility for the error, acknowledging it as a "bad error," while also expressing relief that the mistake was caught quickly. Despite the correction, Lyft's earnings report still exceeded expectations, leading to a 30% increase in share price.

via CBS News|
#business#correction#earnings
Hannah Waddingham Corrects Laverne Cox's Emmys Name Mistake
entertainment2 years ago

Hannah Waddingham Corrects Laverne Cox's Emmys Name Mistake

"Ted Lasso" star Hannah Waddingham corrected Laverne Cox for mispronouncing her name during the "Live From E! Countdown to the Emmys" show, emphasizing the correct pronunciation before continuing with the interview. Waddingham, nominated for Outstanding Supporting Actress in a Comedy Series, previously won in the same category for the show's first season. "Ted Lasso" received a total of 17 Emmy nominations this year and has already won in two categories at the Creative Arts Emmys.

via Entertainment Weekly News|
#correction#emmys#entertainment
Hunter Biden's Controversial Business Dealings and Subpoena Battles Take Center Stage
media2 years ago

Hunter Biden's Controversial Business Dealings and Subpoena Battles Take Center Stage

The New York Times issued a correction after misquoting Hunter Biden's comments about his father's financial involvement in his business dealings. Hunter clarified during a press conference that his father was not financially involved, but the Times initially misquoted him. The misquotation is significant given the scrutiny surrounding Hunter's language. The White House and Joe Biden have consistently denied any financial involvement or discussions about business dealings, despite evidence presented by House Republicans. Former Times opinion editor James Bennet recently criticized the newspaper, claiming it has shifted from liberal bias to illiberal bias and has lost its way.

via Fox News|
#business-dealings#correction#hunter-biden
Bitcoin Analyst Predicts Final Push Before Major Correction
cryptocurrency2 years ago

Bitcoin Analyst Predicts Final Push Before Major Correction

Cryptocurrency analyst Justin Bennett predicts that Bitcoin could experience one more upward move before undergoing a corrective phase, with a target range of $46,000-$48,000. He emphasizes that $30,000 is a crucial support level. Bennett also suggests that Ethereum may rally further, targeting $2,500, but expects a correction from that level. Ethereum is currently trading at $2,356.

via The Daily Hodl|
#analyst#bitcoin#correction
"The View" Corrects False Porn Claim on House Speaker Mike Johnson, Left's Push for Kids' Online Presence
media2 years ago

"The View" Corrects False Porn Claim on House Speaker Mike Johnson, Left's Push for Kids' Online Presence

Co-host Sunny Hostin of "The View" issued an on-air correction after mischaracterizing a report about House Speaker Mike Johnson's use of an app to discourage his son from viewing pornography. Hostin initially suggested that Johnson and his son were both aware of each other using porn, while endorsing biblical morality in politics. However, she later acknowledged her mistake and clarified that Johnson and his son were accountability partners in preventing porn viewing. The Rolling Stone article still criticized Johnson's approach as "creepy."

via Fox News|
#correction#media#mike-johnson