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Three people have been charged in Argentina for crimes related to the death of Liam Payne, a former member of the boyband One Direction, according to the public prosecutor’s office.

A hotel employee and a suspected drug dealer are among the three individuals charged for the crimes of “abandonment of a person before a death, supply and facilitation of narcotics,” Argentina’s National Criminal and Correctional Prosecutor’s Office also said Thursday.

The British pop star, who was 31, died on October 16 after falling from the third floor of a hotel in Buenos Aires, Argentina. The late singer had alcohol, cocaine, and a prescription antidepressant in his system before his death, according to the prosecutor’s statement.

Toxicology analysis indicated that Payne “may have fallen into a state of semi or total unconsciousness,” it said.

The prosecutor’s office also said medical examinations confirmed that the singer’s injuries were “compatible with those caused by falling from a height.” Examinations ruled out self-inflicted injuries or the intervention of other people, the office added.

Who is being investigated?

Investigators are launching investigations into the three individuals after gathering and reviewing evidence, which included over 800 hours of video, the office added.

The first individual is someone whom authorities believe spent time with Payne “on a daily basis” during his visit to Buenos Aires. The suspect is being charged for “abandonment of a person before a death and the supply and facilitation of narcotics.”

The second suspect is a hotel employee who “must answer” for allegedly supplying cocaine to the singer on “two occasions” during Payne’s stay at the CasaSur Palermo Hotel, the statement read. The third person is someone believed by authorities to be a “narcotics supplier” and is suspected of providing drugs to the artist on October 14.

It is unclear if any of the three suspects are currently detained.

Payne’s cell phone also underwent a “forensic extraction,” and authorities were able to analyze calls, text messages, chats in messaging and social media apps, the prosecutor’s office wrote.

He had spoken openly about his struggles with substance abuse and his mental health. In the summer of 2023, Payne said he was marking six months of sobriety after completing treatment in a US facility. Payne’s tour was set to kick off in South America in September of that year, but he had to postpone the scheduled dates after suffering a kidney infection.

Payne rocketed to global stardom as part of One Direction, the massively popular boyband that was created on the British version of the X Factor in 2010. The group, which included members Harry Styles, Louis Tomlinson, Niall Horan and Zayn Malik, announced an “indefinite hiatus” in 2016.

This post appeared first on cnn.com

Germany’s governing coalition has collapsed after disagreements over the country’s weak economy led Chancellor Olaf Scholz to sack his finance minister.

Christian Lindner’s dismissal prompted him to withdraw his Free Democrats Party (FDP) from a coalition with Scholz’s Social Democratic Party (SPD), leaving Scholz in a minority government with the Green Party.

Scholz said he would now call a confidence vote for January 15, which, if he lost, could allow elections to be held by the end of March next year – six months earlier than the elections planned for September 2025.

Germany now faces turmoil at a time of broader uncertainty. The political crisis was triggered just hours after it was announced former US President Donald Trump will get a second term – an election outcome that could bring further woes to Germany’s economy as well as threaten Europe’s united front on key issues. Here’s what we know.

Is a snap election unusual for Germany?

Political stability is the norm for Germany, with power largely moving between the SPD and conservative rival, the CDU. The country’s previous leader, Angela Merkel, held power for 16 years and was a steady presence on the European stage as others came and went. She had a famously testy relationship with Trump.

Germany’s last snap election was in 2005. They were called by then-Chancellor Gerhard Schröder, who subsequently lost to Merkel.

Merkel retired from her position as German chancellor in 2021.

The center-left Social Democratic Party (SPD) stepped up to fill the gap she left when it emerged as the largest party in Germany’s parliament, or Bundestag, in the 2021 federal election. Following the all-powerful and ever-popular Merkel was always going to be fraught with difficulties.

The SPD cobbled together a government with the FDP and the Greens, which have ruled as a “traffic light” coalition since December of that year, referring to the different parties colors.

How successful has Germany’s “traffic light” coalition been?

Bringing together three ideologically different parties into one coalition has not always made for a comfortable alliance, and the SPD-led coalition has faced challenges from the start.

The alliance brought together the FDP, a business-focused party that advocates for a free market and a fiscally conservative approach, with the SPD and the Greens, two left-wing parties that require government spending for social and environmental policies.

The coalition has been at loggerheads over how to revive Germany’s economy. It has also been under pressure from burgeoning far-right, as well as more recently, far-left forces.

The Alternative für Deutschland (AfD) made significant gains in recent years, becoming the first far-right party to win a state election since the Nazi era in September, when it emerged as the strongest in the eastern state of Thuringia.

In efforts to counter the AfD, Scholz’s government was spurred into action on migration, announcing new security measures aimed at speeding up the deportation of rejected asylum seekers and shoring up border controls.

Why have things collapsed now?

Months of tensions over Germany’s budget policy and economic direction boiled over on Wednesday. Essentially, Scholz’s demands for investment have clashed with Lindner’s more prudent approach to government borrowing.

Scholz said he fired Lindner for blocking his economic plans, telling reporters, “Lindner showed no willingness to implement any of our proposals” and, therefore, “there is no trust basis for any future cooperation.”

Lindner meanwhile accused Scholz of having asked him to pause the “debt brake” – a constitutional article that prevents the government from borrowing excessively and amassing debt – something Lindner said he was not willing to do.

The rhetoric coming from Scholz and Lindner was uncharacteristically pointed. The chancellor told reporters Wednesday night that Lindners’ “egoism is totally incomprehensible.”

Still looming over the government is the thorny issue of how to plug next year’s budget, which has a multi-billion-euro gap. With the FDP now not in the picture, its passage is even more complicated.

Carsten Brzeski, a senior economist at Dutch bank ING, cited “never-ending tensions” within the German government as well as “clear disagreement on how to get the German economy out of its current state of stagnation and structural weakness” as reasons for the collapse.

What problems is Germany’s economy facing?

Germany’s economy, Europe’s largest, shrank last year for the first time since the onset of the Covid-19 pandemic.

Over the last five years, it has grown only 0.2% , compared with 4.6% growth in the 20 countries that use the euro, 4.1% in France and 5.5% in Italy.

There are a number of reasons for Germany’s economic stagnation. The country’s energy-intensive businesses have suffered from the lingering impact of the energy crisis sparked by Russia’s war in Ukraine. Germany’s problems are also structural, ranging from high labor costs, a rapidly aging population and red tape to outdated physical and digital infrastructure.

It faces competition from China in the manufacturing of some of its main exports, which has delivered high-profile damage to Germany’s famous automobile industry. Volkswagen, Germany’s largest manufacturer, is considering factory closures in its home country for the first time in its 87-year history.

What happens now?

Scholz is expected to head a minority government. He would have to rely on cobbled-together parliamentary majorities to pass legislation, until the vote of confidence in January.

He will likely turn to Merz and the CDU – Germany’s most popular party – for support to pass legislation in the short term.

But piling pressure on Scholz, CDU leader Friedrich Merz, the leader of the Christian Democratic Union (CDU) opposition party, has meanwhile said this is too long, and demanded a confidence vote by the beginning of next week “at the latest” rather than early next year.

The collapse of the governing coalition and political uncertainty may serve to bolster support for the far-right as people increasingly lose faith in the mainstream parties. Party leader Alice Weidel has already hailed the coalition’s collapse as a “liberation” for Germany.

“The end of the traffic light coalition is a liberation for our country. The end of the self-proclaimed ‘progressive coalition’ that took Germany to the brink of economic ruin was more than overdue,” Weidel wrote on X.

This post appeared first on cnn.com

China is bracing for what could be a volatile and highly unpredictable path ahead in its escalating great power rivalry with the United States, after Donald Trump made a historic political comeback to win the race to the White House.

His return could bring tariffs as high as 60% on Chinese goods – which could devastate economic growth in the world’s second largest economy and upend global supply chains – more technology controls and fiery rhetoric on Beijing, heightening tension in already rocky relations between the superpowers.

But Trump’s protectionist trade posture and transactional approach to foreign policy may also weaken US alliances and global leadership, presenting opportunities for Beijing to fill the void of America’s retreat and shape an alternative world order.

“Trump’s return to power will certainly bring greater opportunities and greater risks for China,” said Shen Dingli, a foreign policy analyst in Shanghai. “Whether it eventually leads to more risks or more opportunities depend on how the two sides interact with each other.”

Officially, China has sought to present a neutral stance on Trump’s win. Its Foreign Ministry said on Wednesday it “respected” America’s choice.

Chinese leader Xi Jinping congratulated Trump on Thursday. Known for his fondness for autocrats, Trump has regularly praised Xi and called the Chinese leader “a very good friend,” even as US-China relations nosedived under his watch.

Xi told the president-elect that China and America can “find the right way” to “get along in the new era,” according to a readout from the Chinese Foreign Ministry.

But beneath the calm surface, Beijing is likely bracing for impact – and uncertainties.

“Trump is a very mercurial person,” said Liu Dongshu, an assistant professor of international affairs at the City University of Hong Kong. “It remains to be seen whether he will implement, and to what extent, the policies he promised during the election campaign, and if he will stick to his first-term agenda.”

Sky-high tariffs

During Trump’s first term in office, the tough-talking populist who promised to make “America great again” launched a bruising trade war with China, backlisted Chinese telecom giant Huawei on national security grounds and blamed Beijing for the Covid-19 pandemic. By the end of his first term, bilateral relations had plunged to their lowest point in decades.

This time around, Trump has threatened on the campaign trail to slap 60% tariffs on all goods made in China and revoke its “permanent normal trade relations” status, which has given China the most favorable trade terms with the US for more than two decades.

This punitive measure, if carried through, could deliver a body blow to an economy already beset by a property crisis, flagging consumer demand, falling prices and mounting local government debts.

Investment bank Macquarie estimates that, at the sky-high 60% level, the tariffs are likely to cut the country’s growth by a full two percentage points, which would be just under half of China’s expected full-year economic expansion rate of 5%.

“Trade war 2.0 could end China’s ongoing growth model, in which exports and manufacturing have been the main growth driver,” Larry Hu, chief China economist at Macquarie, wrote in a Wednesday research note.

Investors appeared to predict this outcome as Trump’s lead over Vice President Kamala Harris widened on Wednesday, causing Chinese stocks and the yuan to fall sharply.

Tariffs act as a tax on imports, hurting consumers in the country imposing them, as well as businesses that rely on imported raw materials and intermediate goods to make finished products. A significant escalation of global trade tensions will likely inflict pain not just on China and the US, but also on other countries involved in global supply chains.

Unlike his Republican predecessors who hailed from the establishment, Trump wields an erratic and unconventional approach to policy making, adding to Beijing’s sense of uncertainty.

“Trump began his first term as an enthusiastic admirer of Xi Jinping, before levying tariffs and then vilifying Beijing during the pandemic,” said Daniel Russel, vice president of international security and diplomacy at the Asia Society Policy Institute.

“So, Beijing is likely to approach the President-elect with caution — probing to ascertain which Trump to expect and where there may be opportunities to exploit,” added Russel, who previously served as the top Asia advisor to former President Barack Obama.

Challenges and opportunities

But Trump’s “America First” agenda and transactional worldview may also play in Beijing’s favor, experts say.

“Although Beijing is deeply concerned about the unpredictability of Trump’s China policy, it reminds itself that challenges also bring opportunities,” said Tong Zhao, senior fellow at the Carnegie Endowment for International Peace.

“Despite fears of a renewed trade war, Beijing believes that Trump’s tough tariff policies would be deeply unpopular in Europe, creating an opening for China to strengthen economic ties with Europe and counter US efforts to intensify technology and supply chain decoupling between China and Western nations,” he said.

Trump’s longstanding distain for NATO (he said in February he would not defend NATO allies that fail to spend enough on defense from a future attack by Russia), as well as international alliances and institutions more broadly, also threatens to weaken American alliances that outgoing President Joe Biden has carefully cultivated to counter the threats of a rising China.

That would offer some timely relief to Beijing, which is increasingly irritated by what it sees as Washington’s strategy to encircle and contain China with an “Asian Nato.”

America’s potential inward turn under Trump will also be welcome news for Xi, who has ramped up efforts to claim leadership in the Global South and build a new world order no longer dominated by the West.

Taiwan and relations with Russia

Beijing may also be looking for ways to utilize Trump’s penchant for deal-making, including on the issue of Taiwan. China’s ruling Communist Party claims the island as its own, despite never having controlled it.

Under the previous Trump administration, which was staffed with China hawks, the US bolstered support for Taiwan through increased arms sales and diplomatic visits. But the former leader’s recent comments have fueled concerns about American commitment to the democratic island.

On the campaign trail, Trump accused Taiwan of “stealing” the chip industry from the US and said that the self-governing democracy should pay the US for protection.

Industry experts say Taiwan grew its own semiconductor industry organically through a combination of foresight, hard work and investment. And the island has purchased the vast majority of its weaponry from US arms manufacturers over recent decades. But Trump’s campaign rhetoric nonetheless hinted at a more transactional approach to Taiwan.

Asked by the Wall Street Journal in an interview if he would use military force against a blockade on Taiwan by China, Trump said it would not come to that because Xi respected him and knows he’s “crazy.” Instead, he said he would slap 150% to 200% tariffs on Beijing.

“With Trump’s relatively less strong interest in defending Taiwan, Beijing may seek greater concessions from Washington on the Taiwan issue, using both positive incentives and coercive leverage to push the United States to reduce its military and political support for Taiwan,” Zhao said.

Trump, who has touted his good relations with Russian President Vladimir Putin, has made comments that suggest the US could pressure Ukraine into an uneasy truce with Russia.

While ending the grinding war in Ukraine could remove a crucial sore point in China-Europe relations, it could also complicate Moscow’s alignment with Beijing, which has deepened since Russia’s invasion, said Liu at the City University of Hong Kong.

“If the US and Russia ease relations, it could create greater daylight between Russia and China, effectively driving a wedge between them.” Liu said.

“From everything he has said, it’s clear that Trump considers China, not Russia, as the main adversary.”

This post appeared first on cnn.com

Israeli soccer fans were attacked in a “serious incident of violence in Amsterdam” overnight into Friday, Israeli authorities said, with the government saying it was sending planes to evacuate affected citizens.

Hundreds of fans of Israel’s Maccabi Tel Aviv soccer team “were ambushed and attacked in Amsterdam” on Thursday night as they left the stadium following a Europa League game against Dutch side Ajax, the Israeli embassy to the United States said on social media platform X.

Social media video shared by the embassy showed videos of what it said was violence against Maccabi fans.

Israeli foreign minister Gideon Sa’ar said 10 citizens were injured and advised citizens to stay in their hotels.

“The impression from the reports (are) that the situation is calming down in the last hour,” Sa’ar said.

In a statement from his office, Israeli Prime Minister Benjamin Netanyahu called the violence “serious” and said he was ordering the “immediate release of two rescue planes” to assist Israeli citizens.

The Israeli leader also urged Dutch authorities to “act firmly and quickly against the rioters and ensure the peace of our citizens.”

Israel’s foreign ministry overnight Friday said about thirty people have been arrested so far. The statement did not say when those arrests were made or who was arrested.

Maccabi fans had been in the Dutch capital ahead of Thursday night’s Europa League game against Ajax.

Amsterdam’s police said it boosted its presence in the city’s center on Wednesday night, citing “tensions” in several areas, one day ahead of the soccer match.

Officers “prevented a confrontation between a group of taxi drivers and a group of visitors who came from the adjacent casino” on Wednesday night, the police said in a statement on X, noting another incident in which a Palestinian flag was torn down in Amsterdam’s center by unknown perpetrators.

The police also said a demonstration was planned on Thursday near the stadium ahead of the soccer match between Ajax and Maccabi Tel Aviv.

This is a developing story and will be updated.

This post appeared first on cnn.com

France condemned the brief detention of two consulate members after it said Israeli police forced their way into a French-owned holy site in Jerusalem, in what is the latest diplomatic spat in a series of events that have sent relations between the two plummeting.

France’s Foreign Minister Jean-Noel Barrot was due to visit the French-owned Eleona church compound, which houses a sanctuary, on Thursday when the incident occurred.

Armed Israeli officers entered the site without authorization, France’s Foreign Ministry said, arresting the two consulate staff members “despite the fact that they are officials with diplomatic status” and prompting Barrot to abandon his visit.

The employees were later released following the intervention of the minister, France’s Foreign Ministry statement said.

In a separate statement, Israel’s Foreign Ministry said an argument arose between Israeli security forces and two French security guards “who refused to identify themselves.”

“The two were detained by the police and released immediately after identifying themselves as diplomats,” it said, adding that the Israeli security officers were accompanying the foreign minister on his official visit.

The Eleona church compound on the Mount of Olives is one of four French-owned sites in Jerusalem that make up the French national domain in the Holy Land and is administered by French authorities.

France’s Foreign Ministry said it would summon Israel’s ambassador in the coming days.

“This violation of the integrity of a site under French responsibility risks weakening the ties I had come to nurture with Israel at a time when we all need to move forward in the region on the path to peace,” Barrot told reporters while in Jerusalem.

Barrot was meeting with Israeli officials on Thursday where he urged for diplomatic solutions to end the wars in Gaza and Lebanon amid repeated calls for a ceasefire, following spiraling international alarm over huge civilian casualties over the last year.

The visit comes at a time of heightened tensions between the two countries following calls by French President Emmanuel Macron to end arms exports to Israel for use in Gaza.

Relations between Israel and France, as well as other European countries, which had been initially strained over Gaza, have further deteriorated since Israel’s ground operation against the Iran-backed militant group Hezbollah in southern Lebanon.

European nations, including France, have expressed outrage over Israeli military strikes at posts of the United Nations peacekeeping mission in southern Lebanon, UNIFIL. Israel said it has no intention of harming the UN’s peacekeeping forces in southern Lebanon but accused Hezbollah of using UNIFIL personnel as human shields.

Macron slammed Israeli Prime Minister Benjamin Netanyahu last month of “sowing barbarism” in remarks at a conference convened by the French president to support the Lebanese people and military.

The French government also attempted to ban Israeli weapons firms from exhibiting at a trade fair in Paris later this month, which was later reversed by a French court, Reuters reported.

In recent years, there have been several incidents between French officials and Israeli security officers at French-administered sites in Jerusalem.

In 2020, Macron was involved in an altercation with Israeli security officers while visiting the Church of Saint Anne, another territory it owns, where he was seen shouting “I don’t like what you did in front of me.”

This post appeared first on cnn.com

The value of assets tied to Donald Trump — and those likely to benefit under his administration — surged in the wake of his decisive electoral victory on Tuesday.

Leading the way was Trump Media and Technology Group, the company that owns the Truth Social media platform. Its stock closed up 6% in Wednesday trading. Trump is the majority owner of the company.

Shares of Tesla, the electric automaker owned by Elon Musk, also rose sizably — up 15%. Musk was heavily involved in promoting Trump’s campaign, and the president-elect has indicated he would appoint Musk, the world’s richest person, to a Cabinet-level position tasked with tackling perceived government waste.

And the price of bitcoin increased 9%, touching an all-time-high of nearly than $76,000. Cryptocurrencies and companies in the crypto space generally had broad gains Wednesday.

Trump has promised to reduce government oversight of the cryptocurrency industry, which provided a steady stream of funds to his campaign, and to a lesser extent his Democratic rival, Vice President Kamala Harris, throughout the presidential race. Trump served as keynote speaker at this year’s annual Bitcoin conference in Nashville.

In a note to clients Wednesday, Isaac Boltansky, managing director and director of policy research at BTIG, a financial services firm, noted several other sectors are likely to benefit from a second Trump presidency, including private prisons, fossil fuel, nuclear and clean coal, defense industry firms and online consumer finance firms that may have otherwise been subject to close regulatory scrutiny.

Trump has generally pledged to extend or enact major tax cuts while loosening regulations, something that the business community is set to embrace. Stocks across the board rose Wednesday in anticipation of stronger economic growth.

This post appeared first on NBC NEWS

Nvidia passed Apple in market cap on Tuesday becoming, for a second time, the most valuable publicly traded company in the world.

Nvidia rose nearly 3% to close with a market cap of $3.43 trillion, ahead of Apple at $3.4 trillion. Nvidia shares have almost tripled in 2024, as investors show continued confidence in the company’s ability to maintain a rapid growth rate from its graphics processing units, or GPUs, and a leadership position in the artificial intelligence market.

Apple shares are up about 17% this year, although many analysts say the recent release of the Apple Intelligence suite of features for iPhones could drive increased sales and put the company in a leadership position in “edge AI,” which relies less on GPU-based servers.

Nvidia is the dominant supplier of GPUs, which are used to develop and deploy advanced AI software such as OpenAI’s ChatGPT. Its stock is now up more than 2,700% in the past five years, and revenue has more than doubled in each of the past five quarters, tripling in three of them. 

Apple was the first company to reach a $1 trillion and a $2 trillion market cap. Nvidia previously passed Apple in June before sliding over the summer. Microsoft, ranked third with a market cap of close to $3.1 trillion, is a major customer of Nvidia GPUs to fuel its partnership with OpenAI as well as its own AI ambitions.

Founded in 1991 to produce chips for playing 3D games, Nvidia has taken off in recent years for a very different reason. Over the past decade, scientists and researchers discovered that the same Nvidia chip designs that could render polygons and computer graphics were ideal for the kind of parallel processing needed for AI. Nvidia then developed software and more powerful chips specifically for AI.

Last week, Apple reported a 6% increase in revenue for the most-recent quarter but signaled weaker growth than analysts expected in the current period. Nvidia is scheduled to report results Nov. 20.

S&P Dow Jones announced last week that Nvidia will join the Dow Industrial Average on Friday, replacing longtime rival Intel, and joining Apple in the blue-chip index.

This post appeared first on NBC NEWS

In this video from StockCharts TV, Julius begins by looking back at the completed monthly bars for October to assess the long term trends in the 11 S&P sectors. He follows that up with an updated view for SPY in coming weeks. After that, Julius looks forward using seasonality to find sectors that have strong seasonal tendencies and overlays them on a Relative Rotation Graph, in order to see whether these seasonals are aligning with current relative trends.

This video was originally published on November 1, 2024. Click anywhere on the icon above to view on our dedicated page for Julius.

Past episodes of Julius’ shows can be found here.

#StayAlert, -Julius

In this exclusive StockCharts video, Joe shows a specific trade setup in multiple timeframes that identifies the start of an important trend. He explains the 4 keys to this setup and shows 5 examples of stocks meeting the criteria right now. Joe then covers numerous indices, commodities, 10-year Rates, and Bitcoin, and how they are reacting to the election. Finally, he goes through the symbol requests that came through this week, including AMZN, AAPL, and more.

This video was originally published on November 6, 2024. Click this link to watch on StockCharts TV.

Archived videos from Joe are available at this link. Send symbol requests to stocktalk@stockcharts.com; you can also submit a request in the comments section below the video on YouTube. Symbol Requests can be sent in throughout the week prior to the next show.

Now that election uncertainty is over, the stock market broke out of its sideways trading range and continued higher. Potential policy implementations benefit some asset classes, such as cryptocurrencies, which could operate in a more relaxed regulatory environment.

Coinbase Global Inc. (COIN), a crypto-related stock, made it to the top of the Top Up Large Cap stocks in the StockCharts Technical Rank (SCTR) Reports on Wednesday, the day after the US elections.

FIGURE 1. COINBASE IN TOP POSITION. A 65.7 rise in the SCTR score is an impressive one day jump.Image source: StockCharts.com. For educational purposes.

The weekly chart of Coinbase stock shows a series of lower highs and lower lows from March 2024. COIN has broken above the upper channel line, but it’s just the beginning. More momentum needs to be behind Coinbase’s stock price to see follow-through in this movement.

FIGURE 2. WEEKLY CHART OF COINBASE. Since March 2024, COIN has been consolidating. With Wednesday’s price action, the stock price broke through the upper channel of the consolidation pattern.Chart source: StockCharts.com. For educational purposes.

The daily chart (see below) shows that the uptrend has started. Coinbase’s stock price gapped up and closed near its daily high on strong volume.

FIGURE 3. DAILY CHART OF COINBASE. Wednesday’s gap up in COIN is encouraging. Will there be enough momentum for a follow-through? Chart source: StockCharts.com. For educational purposes.

COIN is trading above its 21-day exponential moving average (EMA), its SCTR score crossed over 76, and its relative strength index (RSI) is getting close to the 70 level.

When To Buy COIN

I would look at the weekly chart to identify the entry point. Since COIN has broken out of its downward channel, an ideal scenario would be if the stock price pulled back a bit and reversed, at which point I would look for an entry point at around $250. The RSI should also be greater than 70. The first resistance level to watch for would be around $265, a previous high. If COIN pushes through that level, the next level would be $280. It could go even higher if the momentum is behind it. COIN’s all-time high is $429.54.

If owning shares of Coinbase is a stretch at current price levels and you have signed up for the OptionsPlay Add-on, consider trading options on the stock. Below the chart, under Tools & Resources, click on Options, then the OptionsPlay button.

FIGURE 4. OPTIONS STRATEGIES TO TRADE COINBASE. You can see up to three optimal options strategies depending on your directional bias and implied volatility.Image source: StockCharts.com. For educational purposes.

By default, three strategies will be displayed for a bullish scenario. In the screenshot above, the Jan 17 250/340 call vertical has a relatively decent reward for a max risk of $2,600. Click the expand icon at the top right to see more details.

The stock trend doesn’t meet this trade’s requirements. You could modify the legs to see if another strike price or expiration will meet the trend requirement. Another option is to close this window and try out a bearish or high implied volatility environment to see if you get a more optimal strategy.

FIGURE 5. CALL VERTICAL DETAILS. You can get more granularity for the call vertical when you click the expand icon. All except stock trend checks off in the strategy checklist.Image source: StockCharts.com. For educational purposes.

Once you’ve found a strategy you’re comfortable trading, click the Trade button and copy the trade to your trading platform if you have an options-enabled trading account.

The Bottom Line

Coinbase stock has the potential to rise higher, but a one-day jump in price shouldn’t be your entry criteria. You must still analyze the chart and decide on an entry and exit point that works for your risk tolerance level. Add COIN to your ChartLists and, if possible, set an alert for an entry point. Once you have a position open, follow smart risk management strategies and be prepared to exit a position once it has crossed your exit threshold. You never lose money when taking profits early.


Disclaimer: This blog is for educational purposes only and should not be construed as financial advice. The ideas and strategies should never be used without first assessing your own personal and financial situation, or without consulting a financial professional.