Crypto Whales Are Loading Up — Are You?
New research shows the biggest crypto buyers are back. And this time? They could hold for the possibility that Bitcoin will surpass $100,000 in 2024. You don’t want to miss the next massive crypto bull run like we saw in 2020 and 2021. To know exactly what’s going on and what to buy… Get Access To Benzinga’s Best Crypto Research and Investments For Only $1.
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The S&P 500 closed above its daily 20 EMA at 1,560.71, with 1,575 resistance above and 1,545 support below that.Next up, the Dow closed yesterday just under its 20 EMA support at 14,594.80 and has 14,650 acting as resistance above, with 14,450 as support below.The NASDAQ closed just above its 20 EMA resistance at 3,232.47, with 3,270 resistance above that and 3,160 as support below.Finally, the Russell closed higher at 925, with 900 support below. Its 20 EMA looks to be moving down towards its 50 EMA, with a bearish cross looking probable in the near future.Top Headline
At 1:08 PM EST Tuesday markets suddenly spiked downwards, with the S&P 500 dropping over 140 points in under a minute. The drop was attributed to a tweet from the AP stating that there was an explosion at the White House and that President Obama was hurt. Within minutes it was revealed that the AP's twitter account had been hacked, and markets rebounded to their previous levels.Equities Trading UP
Netflix (NASDAQ: NFLX) shot up 24.31 percent to $217.76 after the company reported better-than-expected first-quarter profit.Shares of Caesars Entertainment Corporation (NASDAQ: CZR) got a boost, shooting up 24.02 percent to $16.48 after the company announced its plans to create a new growth-oriented venture.Illumina (NASDAQ: ILMN) was also up, gaining 13.84 percent to $62.75 on Q1 results.
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In commodity news, oil traded down 0.01 percent to $89.19, while gold traded down 0.53 percent to $1,413.40.Silver traded down 2.02 percent Tuesday to $22.97, while copper fell 1.43 percent to $3.09.Eurozone
European shares were higher on comments from ECB President Mario Draghi which hinted at an imminent rate cut. The German Manufacturing PMI slipped to 47.9 from 49.0 on expectations of a reading of 49.0 while the Services PMI declined to 49.2 from 50.9 on expectations of a reading of 51.The Spanish Ibex Index rose 3.26 percent while the Italian FTSE MIB Index gained 2.93 percent. Meanwhile, the German DAX rose 2.41 percent and the French CAC gained 3.58 percent and U.K. shares surged 2 percent.Economics
The ICSC/Goldman Sachs Retail Chain Store Sales Index rose 0.8% in the week ended Saturday versus the earlier week.National chain store sales dropped 2.8% in the first two weeks in April from March, according to Redbook Research's latest indicator.The US flash manufacturing PMI declined to a reading of 52.0 in April, versus 54.6 in March.US home prices climbed 0.7% in February, according to the Federal Housing Finance Agency., However, home prices rose 7.1% in the 12 months ended in February.Sales of new US homes climbed 1.5% to an annual rate of 417,000 in March. However, economists were estimating the rate to surge to 421,000.The Richmond Fed Manufacturing Index declined to -6.00 in April, versus a prior reading of 3.00. However, economists were expecting a reading of 2.00.
Crypto Whales Are Loading Up — Are You?
New research shows the biggest crypto buyers are back. And this time? They could hold for the possibility that Bitcoin will surpass $100,000 in 2024. You don’t want to miss the next massive crypto bull run like we saw in 2020 and 2021. To know exactly what’s going on and what to buy… Get Access To Benzinga’s Best Crypto Research and Investments For Only $1.