Despite Bitcoin’s recent struggles around the $60,000 mark, many cryptocurrency traders remain confident that this is merely a temporary dip on the path to much higher valuations. Experts suggest a long-term perspective, emphasizing consistent accumulation and ignoring short-term volatility. Data indicates that large holders are actively accumulating Bitcoin, suggesting a strong belief in its future potential.
In Lords of the Rings: Rise to War, trading is crucial for your village’s survival and growth. This guide will provide you with a step-by-step approach to establish a profitable trade operation, ensuring a steady supply of resources and income.
Gene Goldman, Chief Investment Officer at Cetera, offers insights into his expectations for the new trading month, providing valuable perspectives on market trends and potential investment opportunities.
Short buildup refers to a situation where an individual or institution sells borrowed shares of a stock with the expectation of repurchasing them at a lower price in the future. This practice is often used by traders who believe that a stock’s price is overvalued and will decline. When a short buildup occurs, it can put downward pressure on the stock’s price, potentially leading to a decline in its value.
Deutsche Bank has reported a 10% increase in first-quarter profit due to a surge in fixed-income trading and deal-making within its investment banking division. The bank’s net profit reached 1.275 billion euros ($1.37 billion), surpassing analyst expectations and offsetting declines in other divisions. The investment banking arm regained its position as Deutsche’s primary revenue generator, outperforming the retail division. This marks the 15th consecutive quarter of profitability for the bank, a significant milestone after years of losses.
Good Morning Traders!
In today’s Market Clubhouse Morning Memo, we will discuss SPY, QQQ, AAPL, MSFT, NVDA, GOOGL, META, and TSLA. Our proprietary formula, exclusive to Market Clubhouse, dictates these price levels.
This dynamic equation takes into account price, volume, and options flow. These levels are updated every day and shared with all Clubhouse Members, prior to the opening of the market. We recommend closely monitoring these stocks, and be prepared to leverage potential breakouts or reversals.
As always, stay alert and ready to adjust your tactics based on the market’s pulse to optimize your trading gains.
**SPDR S&P 500 ETF Trust (SPY)**
The SPY is currently trading around our specified level of 506.06.
**Invesco QQQ Trust Series 1 (QQQ)**
The QQQ is currently fluctuating around the pivotal level of 427.32.
**Apple Inc. (AAPL)**
Apple is currently positioned around the 167.09 level.
**Microsoft Corp. (MSFT)**
Microsoft is trading around 409.69, with bullish sentiments aiming to keep the price above this level and target 410.64, which needs to be sustained as support.
**NVIDIA Corporation (NVDA)**
NVIDIA is now trading near 842.42.
**Alphabet Inc Class A (GOOGL)**
Alphabet’s GOOGL current auction level is 157.41.
**Meta Platforms Inc (META)**
Meta is currently positioned at 508.25.
**Tesla Inc. (TSLA)**
Tesla is presently auctioning around 162.32.
**Final Word**
Today’s market session is relatively light on economic data, with Preliminary Capital and Durable Goods Orders data scheduled for release at 8:30 AM ET. Additionally, the Treasury will hold an auction for 2 Year Floating Rate Notes (FRNs) at 11:30 AM ET. Later in the day, at 1 PM ET, a 5 Year Note auction is also planned. The market will be particularly attentive to afterhours earnings reports from Meta, Ford, and IBM.
As of early evening in Tokyo, Japanese officials have remained conspicuously silent amid the steady rise of USD/JPY. This unusual lack of verbal intervention has raised expectations that the Japanese government may be hoping traders will interpret the quiet as a warning and refrain from pushing the currency pair beyond 155.00. The silence has contributed to a relatively muted day in broader markets, with the dollar holding steady against the euro and pound and European indices showing only marginal gains.
In the stock market, some notable gainers and losers have emerged during mid-day trading. Among the gainers, Matterport (MTTR) has surged by an impressive 180%, followed by mF International Ltd (MFI) with a 149% increase. Edible Garden AG (EDBL) has climbed by 84%, while AGBA Group Holding Limited (AGBA) has gained 81%. Moolec Science (MLEC), NKGen Biotech (NKGN), Tungray Technologies Inc Class A Ordinary Shares (TRSG), ProKidney Corp (PROK), Smart for Life (SMFL), and Captivision (CAPT) have also shown significant gains. On the other hand, some stocks have experienced declines. YY Group Holding Limited Class A Ordinary Shares (YYGH) and Bio-Path Holdings (BPTH) have both fallen by 30%. Telomir Pharmaceuticals (TELO), Hepion Pharmaceuticals (HEPA), and Inhibikase Therapeutics (IKT) have also faced losses. Top Wealth Group Holding Limited (TWG), WiSA Technologies (WISA), Iczoom Group (IZM), Marin Software (MRIN), and Redwoods Acquisition Corp (RWOD) are among the other stocks that have underperformed during mid-day trading.
Over the past 24 hours, Render’s (RNDR) price has risen by 5.65%, bringing it to $9.27. This follows a positive trend over the past week, during which it experienced a 4.0% gain. The coin’s current price is still below its all-time high of $13.53.
