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- đ§Ș S&P WIPES October Gains
đ§Ș S&P WIPES October Gains
Plus: Fear grips tech sector
Good Morning!
Octoberâs ending with a bang across every market, from crypto chaos to stock shockwaves. The S&P 500 wiped out months of gains, Big Tech is spooking investors, and Bitcoinâs hitting some intense levelsâjust ask Sherlock, our crypto ace, whoâs got eyes on BTCâs every move. While Coinbase just took its biggest hit in two years, our TradingLab members rode $VIRTUAL for a 317% gain this week. Weâre not here for the sidelinesâweâre in it for results.
Letâs get into it đ
đĄ TradingLabâs Headline Roundup
Stock Markets
1st November, 2024
S&P 500 Wipes Out October Gains to Snap 5-Month Run as Fear Grips Tech Sector
Amazon Stock Jumps 6% on Super Earnings Beat, 19% Growth in Cloud
Apple Stock Slips in Premarket as Investors Fret About Weak Sales Guidance
Microsoft and Meta Stocks Dip as AI Expenditures Cause Investor Concern
đ€Ż Have you seen our analystâs last monthâs results? 75.6%! Grab Novemberâs trades now.
Crypto
Coinbase sees largest single-day decline in 2 years amid stock market wipeout
US Bitcoin ETFs Amass Over Half of Goldâs Holdings in First Year
SEC Goes After Another Crypto Firm, Slaps Immutable With Wells Notice
Commodities/Forex
EUR/USD declines as traders brace for US Nonfarm Payrolls data.
USD/CAD rally stalls below 1.3945 ahead of the US NFP release
Man Who Called Nvidia at $1.10 Says Buy This Now...
In 2004, one man called Nvidia before just about anyone knew it existed. Now, he says a new company could become the next to soar like Nvidia. The biggest tech firms are loading up on shares. Nvidia, Apple, Google, AMD, Intel, and Samsung are all invested in this company. It also signed a MAJOR deal with Apple to get its AI tech into the iPhone and iMac. And its tech is also found in products from Samsung and Google.
đš Did you miss out on our 317% gain this week? While others sit around losing money, TradingLab members banked hard on $VIRTUAL, cashing in on my early insights and our expert analystâs signals. We donât wait for success storiesâwe create them.
Results donât lie, and neither do we. đž Want a piece of these big wins? Get in now, because our next plays wait for no one.
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đ What Iâm Trading
Bitcoin ($BTC) Update: Sherlockâs Take on the Market
Our crypto ace, Sherlock, has a razor-sharp eye on $BTC, and this latest analysis has all eyes on Bitcoinâs next big move. With Bitcoin breaking past long-term equal highs at $72K, Sherlock cashed out another take-profit, holding his last one for the $77K mark. The setup here? Bitcoinâs price has hit some resistance, and weâre sitting tight to see if it can hold above $72K before making any big moves.
For now, Sherlock is in âwait-and-seeâ mode. Price action around the $72K range is looking like classic consolidation territory. If $BTC reclaims that $72K level with momentum, there could be a solid long entry here, but only if the price proves itself first.
Altcoins Getting Squeezed by BTC Dominance
Itâs not just Bitcoin taking center stageâaltcoins are taking a serious beating as BTC dominance rockets back to 60% levels. Sherlock highlights a familiar fractal that suggests a slight dominance drop, potentially at the 60.25%-60.36% mark, but heâs cautious. Positioning in high-leverage altcoin trades right now? Too risky.
Sherlockâs warning? Heâs been emphasizing for weeks now that these next two weeks are crucial. Market shifts are on the horizon, especially with todayâs monthly close on deck. In short, if youâre thinking about diving in, it might be worth waiting for the dust to settle.
Donât Miss OutâŠ
Our TradingLab community isnât just a chat roomâitâs where real traders come to dig into sharp insights like Sherlockâs and stay ahead of market moves. If youâre looking to sharpen your edge with updates that cut through the noise, this is where you want to be. Join us, get in on the latest plays, and see where the next moves are headed.
Stay ahead, stay informed, and most importantly, stay profitable.
âtil next time,
TradingLab