Despite a challenging start, the market showed resilience throughout the trading day. Gareth Solway highlighted the beginning dip due to concerns surrounding external news, yet the major indexes rebounded. The Dow experienced a minor decline, influenced by a couple of stocks, while the NASDAQ climbed significantly due to strong performances from tech giants.
Tech stocks are undeniably ruling the market as the session progressed. Nvidia's stock saw a notable increase, positively impacting the NASDAQ. In contrast, traditional areas like banking and energy faced declines, indicating a clear preference for technology among investors.
Gold continued its upward trajectory, proving to be a reliable trade for many investors. Meanwhile, Bitcoin saw notable fluctuations, symbolizing the volatile nature of cryptocurrencies. Market participants are encouraged to remain alert and analyze potential trading opportunities as cryptocurrency charts reveal interesting patterns.
In today's edition of Trading the Close, Gareth Solway shared comprehensive technical analysis of the financial markets, focusing on stocks, crypto, and commodities. The day started on a low note, primarily triggering fears based on external news, which seemed to be overblown as the markets rallied throughout the day. Stocks like Nvidia saw significant movement ahead of its earnings report, contributing to the upward momentum of the NASDAQ. Market indexes displayed varied performances with the Dow down slightly, while the NASDAQ surged by 174 points, largely buoyed by Nvidia's impressive performance on the trading floor. The S&P 500 also managed a small gain, showing resilience against market volatility. Noticed throughout the session, gold prices continued to rise, while Bitcoin experienced fluctuations, hovering around $927 after peaking at $94,000 earlier in the day. Looking at the leading tech stocks, the heat map revealed that big players, including Nvidia, Google, and Netflix, drove the market higher, overshadowing weaker sectors like banks and energy. Analysis of these trends shows a divided market where tech stocks outperformed while traditional sectors lagged behind. As traders prepare for Nvidia's earnings report, they are advised to watch the market closely for any potential shifts, particularly regarding the resistance levels formed on the charts.I value your perspective and content.Bitcoin is on its way to breaking records, getting closer to hitting new high prices, showing that its gaining more value and could go even higher than weve seen before. This could mean great things for people looking to invest, suggesting now might be a good time to get involved before it jumps even higher. Its an exciting moment that could change the game in general...managed to grow a nest egg of around 7.2Biitcoin to a decent 26.4Biitcoin. At the heart of this evolution is Francine Duguay, whose deep understanding of both cryptocurrency and traditional trading has been instrumental. His holistic approach to investment and commitment to staying abreast of market trends make him an invaluable ally in navigating this new era in cryptocurrency investment....
The MSTR analysis is way way too elementary ... fwiw, Im a regular and luv your channel.
Like all businesses, mstr is valued on its assets AND its earnings. Calculate bitcoin yield per share and you will realise its actually massively undervalued. They increased btc holdings per share by 20% this month alone. Why would you buy bitcoin, when you can buy bitcoin with yield?
MICHAEL SAYLOR is OUR BTC MONEY MANAGER!! There’s your gap $90 billion difference for your balance sheet, Gareth 🧑🎓
Happy Birthday and Many Happy Returns. Have a Gr8 year and Thank you for your Market open and close videos. They are incredibly great and sincere, such invaluable insights in to the charting, which to me is like cryptography, but, you do make it easy. Wish I could be a better student! You have furthered in admirable way, your educational family background. Thanks again.
Thanks for your work, just one thing I know is that it sounds weird from outside, but Putin cannot nuke without others. They have a different system. Even, he is the dictator weirdly he needs authorization with this. Just make a correction on this. Sorry guys.
The future of sound money is here. Even though Litecoin is not a fork of btc, it is the second oldest coin on the market, after bitcoin. Since its invention and implementation in 2011, litecoin (LTC) has been listed as the tried and tested alternative to bitcoin. Litecoin (LTC) is a digital precious metal, a digital commodity, not a security, that cannot be debased, censured, seized, frozen, or confiscated. As a truly decentralized digital asset, LTC is permissionless and it possesses MimbleWimble (MW) privacy protocol and Proof-of-Work consensus; and both have a limited supply of coins: 84 million in case of litecoin, and 21 million in case of bitcoin. Only that litecoin is lighter, swifter, and hugely undervalued against bitcoin. Bitcoin is an investment of the kings, and litecoin is the money of gentlemen.
All bitcoin related stocks should outperform everything over the next 9 months. Oil most likely hitting 42 if breaks 62
NVIDIA earnings are going to be HUGE! 🚀 But is anyone else worried about the risks of chasing big tech stocks right now? 🤔
Gareth, for the 4th time now, Ive seen charts do what I anticipated, thanks to knowledge learned here. I dont mean your recommended stocks or levels. I mean, your teachings applied to charts Ive looked at independently. Prior to that, I was the rockstar of Wrong. Thanks for all you do.
