Trump sues BBC for $10 bln over documentary on 2021 Capitol riots
I am busy researching asset tokenization.
There is a lot to unpack.
However, in my current research (and stay tuned for more to come), I looked up:
Publicly Traded Companies with Tokenization Involvement
Nvidia came up. So did Coinbase (NASDAQ:COIN), PayPal (NASDAQ:PYPL), Robinhood (NASDAQ:HOOD) and Block (NYSE:XYZ)
What I learned about Nvidia (NASDAQ:NVDA) is that it’s not primarily focused on tokenization, yet its involvement in blockchain technology may support tokenization efforts. So future.
What also came up is IBM (NYSE:IBM).
Now, we did catch the huge move up early this year, exited and have not been involved since the drop in late June.
This is what I learned about IBM:
IBM is a founding member of the Hyperledger Project. The platform enables tokenization in an enterprise setting, allowing for the creation of digital assets representing real-world items like patents, carbon credits, or securities.
Its focus is on providing infrastructure and solutions for businesses to use blockchain, rather than directly issuing public cryptocurrency tokens.
As for the chart…
The price cleared the 200-day moving average after making a bottoming formation in early August.
Only now, IBM outperforms the benchmark though it has a way to go in momentum.
Ideally, Id like to see another close over 253 to confirm.
Then, the risk is clear and the trip to July highs would be a first test of just how strong IBM might be.
Tokenization will explode. Currently, using tokens to as a digital representation of a real thing is already in use in China.
Essentially, someone can buy a token that represents a small piece of a house, making real estate more affordable for everyone.
In China (and here) that alone is huge.
Stay tuned as I get more informed, I will continue to share with you, especially regarding the investment side.
ETF Summary
(Pivotal means short-term bullish above that level and bearish below)
The divergence between growth and value continues to widen
S&P 500 SPY: 644 now support -quiet ahead of CPI
Russell 2000 IWM: 233 close support
Dow DIA): 448 support
NASDAQ QQQ 575 pivotal
Regional Banking KRE): 64 key to hold
Semiconductors SMH: 293 now support-some rotation back to growth
Transportation IYT: This is our weak link not even over the July range. Watch 73.50 to clear 70.00 to hold
Biotechnology IBB: 140 pivotal
Retail XRT): 84 support 87.58 new 2025 high but needs to clear
Bitcoin (BTCUSD): 107k good low to hold but still needs to clear back over 114k
Educational purposes only, not official trading advice.