joining me now to go further in depth on this topic are bimbos co-host christine i and michelle snyder partner and director of trading research and education for the market gauge group christine let's start with you here what do you how those comments mean for the market and how is the market reacting so far. all right all right now you have. i can say in the just right and a rotation into stocks that are more linked to the economic recovery the sound off the lows after fed chair pal prepared testimony to congress saying that inflation was soft easing fears of a policy change by the central bank i'm outside of the price pressures were mostly muted and that the economic outlook still remains highly learned so inflation fears have risen sharply within the last few weeks amid the rise in bond yields and investors fear that a hike and prices due to federal stimulus could force the central bank to raise short term borrowing so technically the ones most vulnerable to higher interest rates they saw from recent days as investors rush to book profits in these pandemic when or so the sell of cou

definitely some interesting comments there very great points all around michelle snyder christy i thankyou both so much for your time. that's it for this time you can catch boom bust on demand on the portable t.v. ad was the very next time and as always don't forget to question morning. is will be a reflection of reality. in a world transformed. what will make you feel safe from. the isolation community. are you going the right way or are you being led. away. what is true what is faith. in a world corrupted you need to descend. to join us in the depths. aura made in the shallowness. article of faith russian liberals do not like a lot of your mood up until now russian liberals have been chanted with the western so-called western values western ideological wolk islam is changing its focus of disparages tradition patriotism the family and even logic for russian liberals this appears to be going too far are russian liberals falling out of love with the west . were more politicized than ever or more polarized than ever the 21st century when speed is measured in megabytes per 2nd. listed on t

happens and if it does pass that would cut 1400000 jobs not something that we necessarily need michele snyder of the market gauge group thank you so much for your time today. thank you sarah. south africa is halting its rollout of the astra zeneca vaccine evidence on mars that the vaccine did not work well against a crown a virus variant 1st discovered in the country well meanwhile in the united states mass vaccination sites they continue to open up by turning sports stadiums into medical offices today chavez has more drug maker astra zeneca is racing to adapt its kogan 1000 vaccine as new variants of the virus are emerging the process now even more urgent after a small case study revealed that it was less effective at protecting against the more contagious strain discovered in south africa today south africa hit with a devastating blow in its fight against the corona virus emergency. rooms in south africa shown clinical if you could see. substantial officials halting plans after pullin ery data from a small case study involving 2000 people with the median age of 31 suggested that the astra z

optimist michelle snyder of market gauge dot com thank you both for your time today. thank you thank you. and the biden administration's move to open talks with germany over the future of the north stream to pipeline to 1200 kilometer pipeline is set to carry russian natural gas to germany but meet the baltic sea construction of the $11000000000.00 pipeline resumed earlier this month after being shut down more than a year ago due to the u.s. congress's authorization of sanctions on companies involved in the project so what is the future of the pipeline and where does the new u.s. administration stand on the issue largely correspondent peter oliver has been following the story and filed this report from berlin. president but same old problems when it comes to north stream to barack obama's policy was to try and make it take as long as possible donald trump sanctioned it into suspension on the joe biden though we have seen construction of the pipeline resume with less than 50 miles away from completion and pipe being currently laid in danish waters at the moment joe bid

let's ask michelle snyder. i want to start with bitcoin, michelle. you seem to be believer.kick themselves. i tried to buy that one dip. it didn't work out for me. i couldn't get the account open. should they get in or wait to be a part of this? >> you have to define dip. last week we had a dip because it went from 40 up to 49, went down to 44. there is a your dip. we have to have a new definition for dip. 49 toe 50 will be your dip. if that that holds 50 or more. bitcoin are liking to the tulip bulb mania. that mania went on a long time before it peeked out. this may not turn out to be a mania because of blockchain technology because it is changing the whole face of investing and valuations. and institutional interest. the tact all these institutions are jumping on are only legitimatizing it, etfs, et cetera. i would say right now, look at 49,050. if you don't want to wait too long, that would be breaking point i get out. i think we see a lot of up side here for now. charles: there is no doubt when you start to hear about bny mellon, the oldest bank in america, when you sta

here with us now, michelle snyder.ind of buy and sell signals you get are them. how do you employ them? >> we like to look at the charts with the moving averages because they tell you about phases. so a perfect example that we can use today really is nasdaq which dropped all the way down ott to the 50-day moving average yesterday and then today held it. that gives you a great level of support. and on the flipside, when something clears the 50-day moving average and below it, then we look at it as more positive and you have another pivotal area to look at. so it's really important to have some kind of price history, this way you can tune out the noise and focus strictly on what the charts are telling you to do. charles: now, for me, the charts are also partly behavioral analysis because you know this is where either think sold before or where -- they sold before or where buyers emerged before. i guess the idea is if they hold there, there's not going to be any more downside pressure, something like that. is that why the