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- š§Ŗ Weak Hands?
š§Ŗ Weak Hands?
Plus: Port strikes are ending.
Good Morning!
From Nvidia's bullish flex to port strikes rattling supply chains, we've got the news that moves markets.
Whether you're eyeing stocks, crypto, or commodities, the market's flashing signals. Our expert analysis breaks down why altcoins are hanging by a thread, and how you can capitalize when the weak hands fold.
Letās get into it š
š” TradingLabās Headline Roundup
Weāre switching things up here!
Before we start, I wanted to get your feedback on this new āTradingLabās Headline Roundupā section. Let me know your thoughts in the poll below š
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Stock Markets
S&P 500 Wobbles to 0.2% Loss as Antsy Traders Await Nonfarm Payrolls (TradingView)
Nvidia Stock Powers Up 3.3% amid Tech Pullback as CEO Flexes Chip Demand (TradingView)
US port workers and operators reach deal to end East Coast strike (Reuters)
Geopolitical tensions and US election push investors toward Bitcoin and gold (Investing.com)
JPMorgan's new price target on Tesla suggests significant downside risk (Investing.com)
3 Stocks That Can Double Again in the 4th Quarter (Motley Fool)
Access the Motley Fool report and unlock the secrets of tomorrow's tech revolution ā before the rest of the world catches on. (HERE)*
Crypto
Via Coingecko
Binance warns of crypto market risks from overvaluation, centralization (CoinTelegraph)
APT soars 7% as Aptos acquires Japanese blockchain developer HashPalette (crypto.news)
Ripple to fight SECās appeal over XRPās non-security status (crypto.news)
How North Korea Infiltrated the Crypto Industry (CoinDesk)
1 Top Cryptocurrency With 5,789% Upside by 2030, According to Cathie Wood (Motley Fool)
Commodities
Oil prices flat as Middle East conflict counters ample supply outlook (Investing.com)
Gold rises on geopolitical fears as traders eye Israel's move (FXStreet)
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Whether it's AI or Amazon, fortune favors the bold.
š What Iām Trading
Altcoin Market Update
If you've been wondering whether itās time to jump into new altcoin positions, pump the brakes for a moment. According to our very own Sherlock, a key metricāthe TOTAL3 index (which excludes Bitcoin and Ethereum)āis barely hanging on by a thread. We're talking horizontal support levels combined with the Quarterly and Yearly VWAP (Volume Weighted Average Price), and itās make-or-break time. A bounce from here could ignite a fresh rally, but if we see a break below, get ready to pivot fast and go full bear mode.
Hereās the deal: a large part of trading success comes from developing the right bias. You might have a textbook setup at support, but if your bias is off and you're buying when you should be shorting, you'll get wrecked.
Sherlock is waiting for the market to pick a direction before diving inābut the weak hands are ripe for shorting now.
Market Sentiment
Why is this critical moment unfolding? Altcoins are at the mercy of broader market forces, and right now, that includes major economic data and global market instability.
From potential regulatory crackdowns to the unpredictability of macroeconomic shifts, it's creating heightened volatility in the crypto space. Weāve all seen how news can swing sentiment in a flashāwhether itās Fed rate hikes or developments in crypto regulations, every headline has the potential to push TOTAL3 in one direction or the other.
This is why Sherlockās bias development is so crucial. When markets are teetering like this, you donāt just rush in. Itās about waiting for a clear signal, and if that signal tells us to short, we go hard on the weakest alts.
Get Ahead of the Curve
Sherlockās sharp eye on TOTAL3 and this analysis is just a taste of what our TradingLab community has to offer.
We dive deep into the plays, share real-time insights, and make sure weāre ahead of the curveāwhether weāre long or short.
If you want to be part of a community that knows when to strike and isnāt afraid to play both sides of the market, nowās the time to join us.
Stay ahead, stay informed, and most importantly, stay profitable.
ātil next time,
TradingLab