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Fake Bitcoin Tweet Heard Round the World — Nick Santiago 1-10-2024 #554

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Manage episode 394541072 series 3281026
Content provided by Kerry Lutz. All podcast content including episodes, graphics, and podcast descriptions are uploaded and provided directly by Kerry Lutz or their podcast platform partner. If you believe someone is using your copyrighted work without your permission, you can follow the process outlined here https://player.fm/legal.
1. The fake Bitcoin Tweet heard around the world. The SEC was allegedly hacked. The crypto traders are all awaiting news from the SEC on a spot bitcoin ETF approval by over 10 firms.
2. It's a quiet day for markets, Tomorrow, the CPI number will be released. This has been a market moving number in the past and can be again.
3. The financial stocks have stalled out a little this week, but they have been some of the biggest winners since the rally started in late October. I think this pullback is healthy as this sector was starting to get parabolic. JP Morgan Chase (JPM) has rallied nearly 30% in 2 months.
4. Gold is flat today, but it has been pulling back since December 28th. There is still a lot of daily chart support around the $2000 level.
5. Silver has lagged gold as you know. There is still a lot of support for silver around the $22.00 level on the daily chart. Currently, silver futures are trading around the $23.00 level, but this is minor support right now as it has been tested for a week already.
Visit Nick @ https://InTheMoneyStocks.com
  continue reading

558 episodes

Artwork
iconShare
 
Manage episode 394541072 series 3281026
Content provided by Kerry Lutz. All podcast content including episodes, graphics, and podcast descriptions are uploaded and provided directly by Kerry Lutz or their podcast platform partner. If you believe someone is using your copyrighted work without your permission, you can follow the process outlined here https://player.fm/legal.
1. The fake Bitcoin Tweet heard around the world. The SEC was allegedly hacked. The crypto traders are all awaiting news from the SEC on a spot bitcoin ETF approval by over 10 firms.
2. It's a quiet day for markets, Tomorrow, the CPI number will be released. This has been a market moving number in the past and can be again.
3. The financial stocks have stalled out a little this week, but they have been some of the biggest winners since the rally started in late October. I think this pullback is healthy as this sector was starting to get parabolic. JP Morgan Chase (JPM) has rallied nearly 30% in 2 months.
4. Gold is flat today, but it has been pulling back since December 28th. There is still a lot of daily chart support around the $2000 level.
5. Silver has lagged gold as you know. There is still a lot of support for silver around the $22.00 level on the daily chart. Currently, silver futures are trading around the $23.00 level, but this is minor support right now as it has been tested for a week already.
Visit Nick @ https://InTheMoneyStocks.com
  continue reading

558 episodes

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