More of the Same

#Issue 97

September 24, 2024 • Estimated Reading Time: 5 minutes

Good morning!

The FED’s 50 bps rate cut started the easing cycle after four years, and markets have reacted positively to the decision. The S&P 500 and Gold hit new ATHs, while tech stocks and small caps have further outperformed since the rate cut decision. Crypto has finally followed through, with many altcoins showing particular strength. After a prolonged downtrend, stimulus packages from China’s central bank have supported commodities across energy and base metals. 

This week, our Technical Analysts cover the following tickers: MOG, DOGE, TON, Pendle, Cardano, IO, KAS, BTC, and KASBTC. We cover IGV, IREN, SBSW, and Platinum on the equities front. Please be careful and read the trading plans, commit to the specific price level ranges, and wait for the outlined opportunities! As always, we end with updates from Web3, NFTs, and the AI sector. Enjoy, and happy reading!

Check out our piece on Gold released last Friday here

  • UEC (Donny): “Our top picks remain as UEC (accumulate between $4.50 - $5.00)” - +35% spot return in <2 weeks

  • MTAL (Donny): “Tactically, we are waiting to buy the dip on any macro weakness, with the $10.00-$10.50 key level we are watching.” - Picked the bottom perfectly with the stock hitting $9.95 vs. last close of $12.54 - +25% spot return in ~3 weeks

  • SAGA (Crypto Fox): Telegram's long entry from 1.3298 ran up to 2.7295 for a 105.26% unleveraged move to the upside

  • ETH (Daniel4): +11.5% move so far from $2300 entry

  • STX (Daniel4): +18% move so far from the $1.53 entry

  • JUP (Daniel4): hit $0.915 so far from $0.73 avg

  • WIF (Daniel4): hit $2.07 so far from $1.53 avg

  • BNB (Daniel4): hit $616 so far from $510 avg

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