CPI Pump or Dump?

Issue #95

September 10, 2024 • Estimated Reading Time: 5 minutes

Good morning!

US equities continue to pull back, reacting to a weaker labor market highlighted by another miss for non-farm payrolls and yesterday’s presidential debate. All eyes are on the Fed’s rate decision next Wednesday, with the market pricing in almost full certainty for a rate cut and the odds of a 50 bps increase (however, this is not the base case). Crypto continues to underperform equities as we await guidance on the path for rate cuts, while commodities are struggling, especially those exposed to Chinese demand.

This week, our technical analysis covers the following tickers: BTC, ETH, ZRO, SUPER (Fox), and ICV, ILV, WIF, SUPER, JUP, and BNB (Daniel4). On the equities front, we provide trade ideas on CSRP US REIT, WPC, and MP Materials. Follow our analysts’ trading plans and the recommended levels to get involved! Finally, we update on Web3, NFTs, and the AI sector. Enjoy, and stay nimble ahead of the FOMC!

  • POLS (Crypto Fox): Telegram long from 0.36321 to 0.44969 for a 23.81% unleveraged move to the upside

  • SAGA (Crypto Fox): Telegram long from 1.3587 to 1.5462 for a 13.8% unleveraged move to the upside

  • VET (Crypto Fox): Newsletter short from edition 94 hit entry at 0.02058 and ran down to hit a local low at 0.01935 for a 5.98% unleveraged move to the downside

  • AAVE (Crypto Fox): Our AAVE position from 122.39 is now deeply in the green, reaching 150+

  • ETH (Pidegonn): Telegram Chat stink bid: Called for bids at 2200 in late August, mentioned again in chat as we got there and called for first TP after 6.6% unleveraged

  • BTC (Pidgeonn) - Monday update called perfectly. "We'll likely see a bounce at the start of the week before heading back down to the 52k region." Played out perfectly, allowing for up to 12.17% in profit or savings

  • BTC (Pidgeonn): Telegram Bids: I called for buys in the 54.5 and 53.5k areas and secured some profit at 57.2k for a 5.9% move

  • PLTR (Abullish): PLTR $31 call 9/20 at 210%+ gains

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