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- 🧪 Markets Are Popping
🧪 Markets Are Popping
Plus: Sherlock's $ZETA Play
Good Morning!
Ready for another wild ride? Markets are popping off like fireworks, and if you’re not paying attention, you’re missing the show. The Dow just blasted past 42,000 like it had a point to prove, Bitcoin’s eyeing $67K, and some killer trades are right there for the taking.
In this edition, we’re diving into Sherlock’s bold long on $ZETA. Think altcoins are out of juice? Think again. The man’s got a plan, and if Bitcoin keeps climbing, this trade could be the play of the week. Want in on the action? Keep reading—there’s no time to waste.
Let’s get into it 👇
🌡 Market Temperature Check
📈 Dow Jones Pumps to New All-Time High Above 42,000, S&P 500 Joins Record Run
Looks like Wall Street finally woke up and decided to throw a party. After the Fed slashed interest rates by 50 basis points, stocks went ballistic a day later. The Dow skyrocketed 522 points, smashing through the 42,000 mark for the first time ever, while the S&P 500 flexed with a 95-point gain. It’s all thanks to traders realizing, “Hey, easy money’s back!” and diving into the market. The Nasdaq? Up a cool 2.5%, because tech stocks love that cheap cash.
📈 Nike shares pop 7% after CEO change; analysts say 'time is right'
Nike's (NKE) shaking things up at the top. Elliott Hill’s stepping in as CEO, and just the news alone sent shares up nearly 7% in premarket trading. John Donahoe’s out, but he’ll stick around a few months to make sure Hill’s got it covered. Seems like investors are pumped for the switch.
💹 Bitcoin Tops $64,000 as Bigger Interest Rate Cut Excites Crypto Trader
Crypto’s back in the saddle. Bitcoin ripped past $64K, and Ethereum cruised to $2,550 after Powell’s rate cut fired up the markets. With money getting cheaper, traders are all in for that next leg up.
👀 Interest Rates Are Coming Down. 3 Top Stocks to Buy Right Now.
Some stocks are ready to ride the Fed cut wave. Home Depot’s set to cash in on a housing recovery, Carnival’s cutting down interest expenses, and Upstart's looking at a boost in loan demand. Lower rates? Big wins for these players.
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📈 What I’m Trading
Sherlock’s ZETA Long: Catch the Alt Surge Before It’s Too Late
The Play
Sherlock's latest move? A bold long play on $ZETA, and it's looking sharp. If you're not already on this, here's what you need to know:
Entries:
$0.6127
$0.5394
$0.5044
Stoploss: 1D Close below $0.4855
Targets: Stay tuned, we’ll update this one soon!
Sherlock’s eye is on a breakout. He’s banking on this trade pumping as the market heats up. The structure is set, and if Bitcoin pulls its weight, we’re in for a ride.
The Catalyst
Here’s the kicker: If $BTC reclaims the $64K zone, we could see a swift move up to $67K. That kind of momentum will light up alts like $ZETA, and Sherlock’s got his longs placed perfectly to catch the wave. With Bitcoin back in the driver’s seat, the market will follow—and strong alts like ZETA are primed for the action.
We’re also keeping a close watch on the TOTAL2 chart (that's all the altcoins except Bitcoin). It’s been gearing up for a potential surge, meaning if the conditions align, ZETA could explode.
Our Take
This is a BUY, but not without caution. The chart Sherlock shared shows ZETA bouncing off a key support zone. The consolidation in this area, followed by the higher lows, suggests that buyers are stepping in. The chart shows ZETA could push past the $0.8 resistance if we see continued upward momentum. A breakout there, and $1.30 is in the cards.
That said, risk management is key. The tight stop-loss below $0.4855 keeps us protected if the trade moves against us. So, keep those stops in place, and don’t be afraid to scale in on dips.
Bottom line: You want to be part of trades like these? Sherlock’s not giving out free signals, but our TradingLab community is where these gems come up daily. Join us, and level up your game.
✍ TL;DR
Dow hits all-time high above 42,000 as the Fed slashes rates
Nike shares jump 7% after CEO shakeup
Bitcoin breaks $64K, altcoins could follow
Sherlock’s $ZETA long: Strong alt play with potential for breakout
Key entry points: $0.6127, $0.5394, $0.5044
Stoploss: 1D Close below $0.4855
Target: Watch for updates as the market heats up
Stay ahead, stay informed, and most importantly, stay profitable.
‘til next time,
TradingLab