Is it possible to have a private bitcoin exchange. Hear me out

I was thinking of Defi and the pools they use. What if the price of Bitcoin drops from 55k to 5k in like a flash crash or any lowering event, the collateral that the borrowers have give in order to be able to borrow would become "worthless" to the Defi platform ex. Compound. I thought of it and came up with they would just have to sell off the collateral fast enough, to claim the fiat to keep the value of the pools the same for the lenders, right? But we all know when the price of BTC drops in that fashion, exchanges stop working, apps dont open, or they just stop trading all together to stop a sell off. so what happens to those Defi pools when collateral cant be sold off? do the Defi lenders just get the short end of the stick?

So that got me thinking of is it possible to create a private exchange where there is no middle man for groups like Defi pools, lending groups. If they had no middle man they can freely buy and sell collateral as needed, according to value to keep lenders money/stablecoins value intact. I mean isint that the whole point of crypto anyways? No middle man or overseeing entity for our money? ... look at what happened the Tether. If i understand correctly the value went to .83usd at a point. Private exchange would eliminate the risk nobody talks about with Defi lending.

I'm a bot that works in the reddit chat!

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ReddCoin - Can you help me understand its viability as a Currency?

• NOTE: I originally tried posting this to r/CryptoCurrency*, but because I am a new Reddit user the post was declined due to the reason I still do not meet the minimum requirements in Account Age and Comment Karma on my account. Therefore, I'm trying to see if this can be a fit in here, before I meet their desired requirements (which to be honest are a bit disheartening).*

For some context: I wouldn't call myself an activist, but I am highly interested in causes that promote social change. I've been in-and-out connected to NGO's in real life throughout Europe in different fields and I've taken part in projects related to areas such as environmental education, youth work, and long-life learning (I guess you can also think of it as empowerment). Online, either through freelance work or volunteering my time, I've kept connected with things happening in places such as Sri Lanka, Mozambique, India, and Myanmar, that relate to Healthcare Access, Citizenship, and Community Land Protection.

Now, at the same time, I am also one of those people who just recently hopped on this sub due to the recent trend, which in my case happened due to the $GME events (and sticking it up to the HF's) and the coincidental awareness of the insane value increase Bitcoin has had over the course of the last decade.

I'll admit I've gained interest in Crypto out of distrust in banks and the systems we have in place in our societies, and mostly as an investment opportunity for personal gain. But out of the fear of getting screwed I thought it would be smart to try to understand more about blockchains before I commit my hard earned cash to anything, and so my positions aren't very strong and I've decided to read up on the subject before going full YOLO like so many I read here. I'll admit, I am poor even though I come from what can be considered a 1st World country.

It's overwhelming. The technical lingo behind how blockchains work is truly insane and I am facing perhaps the steepest learning curve I've had to deal with in possibly my whole life. I am educated in Arts and Linguistics, and not Tech. Even though I have a fair comprehension of technology from the user's perspective, I do not have a great understanding of what happens behind the scenes, and it would be very difficult, for example, for me to learn how to code. Trust me, I've tried.

Recently, I've had the pleasure of reading this post, which I found truly inspirational (thank you again u/Siamak71) and it got me thinking on how blockchains can be a step towards a grassroots change and more equity throughout the world, or at least provide a possibility for that to happen. I know this sounds idealistic and some of you will stop reading here under the pretext this is naive thinking. However, I found his case to be a real-life application of how blockchains can help improve people's lives and perhaps even be the gateway to the fundamental change some may need.

Coincidently, now we receive news that people in Turkey are actively looking for answers about Bitcoin as a response to the inflation the currency there is facing. I wonder if they read his post, at times.

I started digging the internet for blockchains related to social causes and I came across ReddCoin (REDD).

I've learned enough to understand the difference between Proof of Work (PoW) and Proof of Stake (PoS), and how the second is not only more environmentally friendly, but also more efficient in terms of transaction speed.

Yet, it seems I am still failing to understand how does REDD differ from other PoS chains, and why it calls itself the social currency. Their website seems to offer little explanation on what real-life applications the currency can have other than velocity and staking power, which if I am not mistaken are precisely some of the fundamentals proposed by the revamp that's said to be coming to Ethereum.

Fundamentally, I fail to see how it can have a real-life impact on people's lives (especially on those greatly affected by poverty or "hyper-inflated economies," as u/Siamak71 so well wrote), that's different from what other projects have to offer.

Can it be a "power of the community" aspect that can drive it to succeed, perhaps? Or is there any technological aspect they propose I happened to have missed? I don't want to think it can be a scam.

Also, do you think this is a good project to invest? It seems the value has also recently spiked due to the trend that's happening, but is this a positive sign or will it fall short if the market corrects (I also know very little about markets and finance in general)?

I like the idea of investing for more than just the profit but also to help promote good causes (but I'm not saying it's wrong to do otherwise and be in it just for the profits, keep that in mind).

You can find info on REDD on Yahoo.Finance, if you want to provide some inputs. I'd be deeply grateful for any constructive insights.

Thanks if you've read so far.

***NO NEED TO WORRY GUYS***

The price of BEPRO is dropping as the paper hands are selling volume of their BEPRO token due to FUD. This is normal as it’s the markets way of getting rid of the paper hands holding the token and allowing the price to drop, so the we can pick it up at a discount before we enter into another uptrend which we will most certainly given the fundamentals of BEPRO leading is very strong as they have events coming in the summer. Not financial advice but this is prime time to consider accumulating more BEPRO

Guys remember even if you bought BEPRO at it’s ATH at 0.04 you are not actually making a loss unless you sell right now. The paper hands however are the ones right now selling at a loss and essential those that buy BEPRO at the dip are essential going to be making the profit the paper hands would have made when BEPRO goes into an uptrend

Never FOMO into a project when it reaching the peak of an uptrend nor FUD out and panic sell when the market is playing with your emotions in order to make you sell at a loss

With Tesla news that they are running their own open source nodes to take direct Bitcoin payments for purchase which means they won’t be converting Bitcoin to fiat is huge bullish news and once Bitcoin reaches a new ATH and finds it new support than you can expect People to take profit and reinvest in the coming weeks into Alts which may well mean BEPRO could explored in the coming weeks

Just be patient BEPRO Fam!!!!

6 Famous Quotes on Revolution That Explain Why Bitcoin Will Succeed In Its Mission

Bitcoin is a real revolution that will play a decisive role in the world of the future. For its supporters, Bitcoin is the only credible alternative to the current monetary and financial system.

Bitcoiners see themselves as missionaries to facilitate the rise of Bitcoin so that it can fulfill its mission to build a fairer world for all in the future.

The people who benefit most from the current system are logically fiercely opposed to Bitcoin. Politicians, central bankers, and many economists have publicly criticized Bitcoin.

Their goal is to discredit Bitcoin among the general public in order to prevent its mass adoption in the coming years. Unfortunately for them, the Bitcoin revolution has already started. This is an undeniable fact.

And history has shown us that it is not possible to stop a popular revolution in motion.

In what follows, I propose to bring together 6 famous quotes about the revolution to Bitcoin and its history to explain why Bitcoin will succeed in its mission:

1. “Every revolution was first a thought in one man’s mind.” — Ralph Waldo Emerson
2. “You can kill a revolutionary but you can never kill the revolution.” — Fred Hampton
3. “A failing state cannot stop a revolution whose time has come.” — Ron Paul
4. “All revolutions are impossible until they happen. Then they become inevitable” — Albie Sachs
5. “Revolution is not a one-time event” — Audre Lorde
6. “Revolutions never go backward” — Wendell Phillips

Bitcoin is a revolution. Whether you’re for or against Bitcoin, you have to admit it. History has shown us that revolutions begin in one man’s mind and then spread to other men.

That is exactly what happens with Bitcoin. Since Bitcoin has no leader, it cannot be stopped. And countries won’t be able to stop it. The Bitcoin revolution will take time, but that is normal because revolutions don’t happen in a single day.

To those who still believe that replacing the current system is impossible, time will prove that Bitcoin was inevitable when it will have succeeded in its mission.

Finally, never forget that once a revolution such as Bitcoin has started, nothing can stop it, and there is no way to go backward.

morning update

The S&P 500 futures trade 12 points, or 0.3%, above fair value after the major indices struggled in a defensive session yesterday. Futures linked to the Russell 2000 are up 0.7% after the small-cap index dropped 3.6% yesterday.

Semiconductor stocks are some of the biggest gainers this morning after Intel (INTC 65.57, +2.07, +3.3%) announced an "IDM 2.0" expansion strategy, starting with a $20 billion investment to build two factories in Arizona. INTC shares are up 3% in pre-market action, and the iShares PHLX Semiconductor ETF (SOXX 414.33, +6.90) is up 1.7%.

More generally, the broad market, including chipmakers, appears to be in a consolidation pattern amid quarter-end rebalancing factors and a wait-and-see mindset for the economic reopening/recovery. The S&P 500 was trading at the current levels in mid-February.

In economic data, Durable Goods Orders for February (Briefing.com consensus 0.9%) will be released at 8:30 a.m. ET, followed by the final IHS Markit Manufacturing and Services PMIs for March at 9:45 a.m. ET. The weekly MBA Mortgage Applications Index decreased 2.5% following a 2.2% decline in the prior week.

The 10-yr Treasury note yield is down two basis points to 1.62% after settling lower the past two days, while the 2-yr yield remains unchanged at 0.15%. The U.S. Dollar Index is up 0.2% to 92.48. WTI crude futures are up 2.4%, or $1.40, to $59.16/bbl after revisiting a six-week low yesterday.

In U.S. Corporate news:

Intel (INTC 65.57, +2.07): +3.3% after announcing a $20 billion expansion investment to build two new semiconductor factories in Arizona and saying it expects Q1 results to be better than prior guidance. INTC also guided FY21 EPS below consensus due to chip shortages. Adobe (ADBE 464.00, +3.80): +0.8% after beating top and bottom-line estimates and issuing upbeat guidance for Q2 and FY21. On a related note, its CFO will retire this year. GameStop (GME 158.50, -23.25): -12.8% after missing top and bottom-line estimates and disclosing that it's been evaluating whether to increase the size of the at-the-market offering program and whether to potentially sell shares of its Class A common stock. GME observed that 2021 is off to a strong start. Tesla (TSLA 668.80, +6.64): +1.0% amid a tweet from CEO Elon Musk that the company will now accept bitcoin for car purchases. General Mills (GIS 59.50, -1.69): -2.8% despite beating top and bottom-line estimates. Reviewing overnight developments:

Equity indices in the Asia-Pacific region ended the midweek session on a mostly lower note. Japan's Nikkei: -2.0% Hong Kong's Hang Seng: -2.0% China's Shanghai Composite: -1.3% India's Sensex: -1.7% South Korea's Kospi: -0.3% Australia's ASX All Ordinaries: +0.4%. In economic data: Japan's flash March Manufacturing PMI 52.0 (last 51.4) and flash March Services PMI 46.5 (last 45.8). February Corporate Services Price Index -0.1% yr/yr (last -0.4%) South Korea's February PPI 0.8% m/m (last 1.1%); 2.0% yr/yr (last 0.9%) Australia's flash March Manufacturing PMI 57.0 (last 56.9) and flash March Services PMI 56.2 (last 53.4) New Zealand's February trade surplus NZD181 mln (last deficit of NZD647 mln) In news: The Bank of Japan's latest policy meeting minutes showed a continued commitment to easing. Honda will extend its production halt at some North American plants due to supply chain delays. Australia's Manufacturing PMI expanded for the tenth consecutive month in the flash reading for March. Australia's Treasury Secretary Kennedy said that some job losses are expected once the current support scheme lapses. Major European indices trade on a modestly lower note while Italy's MIB (+0.2%) outperforms. STOXX Europe 600: -0.2% Germany's DAX: -0.4% U.K.'s FTSE 100: -0.2% France's CAC 40: -0.1% Italy's FTSE MIB: +0.2% Spain's IBEX 35: -0.1%. In economic data: Eurozone's flash March Manufacturing PMI 62.4 (expected 57.7; last 57.9) and flash March Services PMI 48.8 (expected 46.0; last 45.7) Germany's flash March Manufacturing PMI 66.6 (expected 60.8; last 60.7) and flash March Services PMI 50.8 (expected 46.2; last 45.7) U.K.'s flash March Manufacturing PMI 57.9 (expected 55.0; last 55.1) and flash March Services PMI 56.8 (expected 51.0; last 49.5). February CPI 0.1% m/m (expected 0.5%; last -0.2%); 0.4% yr/yr (expected 0.8%; last 0.7%). February Core CPI 0.0% m/m (expected 0.5%; last -0.5%); 0.9% yr/yr (expected 1.4%; last 1.4%). February Input PPI 0.6% m/m (expected 0.7%; last 1.0%) and Output PPI 0.6% m/m (expected 0.3%; last 0.8%) France's flash March Manufacturing PMI 58.8 (expected 56.5; last 56.1) and flash March Services PMI 47.8 (expected 45.5; last 45.6) In news: German Chancellor Merkel overturned her decision to implement a hard five-day lockdown over Easter in response to public uproar. Germany's ifo Institute lowered its 2021 GDP growth forecast for Germany to 3.7% from 4.2% while raising the outlook for 2022 to 3.2% from 2.5%. U.S. equity futures:

S&P 500 Futures: DJIA Futures: Nasdaq 100 Futures: Overseas:

Europe: DAX -0.4%, FTSE -0.2%, CAC -0.1% Asia: Nikkei -2.0%, Hang Seng -2.0%, Shanghai -1.3% Commodities:

Crude Oil +1.26 @ 59.02 Nat Gas +0.001 @ 2.555 Gold +3.30 @ 1728.40 Silver +0.083 @ 25.310 Copper +0.0145 @ 4.094

U.S. Summary:

Earnings/Guidance (Full Earnings Calendar): 21Vianet (VNET) reports Q4 results, provides revenue guidance for Q1 and FY21 AAR Corp (AIR) reports EPS in-line, revs in-line Adobe (ADBE) beats by $0.35, beats on revs; guides Q2 EPS above consensus, revs above consensus; guides FY21 EPS above consensus, revs above consensus APi Group (APG) beats by $0.03, reports revs in-line At Home Group (HOME) beats by $0.38, beats on revs Federal Signal (FSS) reaffirms FY21 guidance in slide presentation GameStop (GME) misses by $0.08, misses on revs, comps +6.5%, does not plan to provide quarterly comp data in FY21 due to store closures last year, names new COO, Feb monthly comps +23% General Mills (GIS) beats by $0.12, beats on revs; provides outlook Intel (INTC) expects Q1 results to be better than prior guidance but guides FY21 EPS below consensus as PC revenue will be tempered by industry-wide component shortages Steelcase (SCS) beats by $0.07, beats on revs; guides Q1 EPS below consensus, revs below two analyst estimate Turning Point Brands (TPB) estimates that Q1 net sales will be at the high end or above previous guidance Winnebago (WGO) beats by $0.72, beats on revs Worthington (WOR) beats by $0.24, misses on revs General News: China only purchased 33% of goods under phase one trade deal, according to Bloomberg Suez Channel diverted ships to older channels after a large container ship blocked passage, according to Reuters EU aiming to prevent exports of vaccines manufactured there for 6 weeks, according to NY Times Indiana will remove all business restrictions and mask mandate beginning April 6. The state will also open up vaccines to all adults starting March 31, according to ABC News HHS says 2021 special enrollment period access extended to August 15 on HealthCare.gov for marketplace coverage Republicans expressed early opposition to $3 trillion infrastructure plan, according to Washington Post Adobe (ADBE) announces retirement of CFO John Murphy Altria (MO) announces intended retirement of Chairman Thomas F. Farrell II, effective in May Amazon (AMZN): Company selects Adam Selipsky (formerly of Salesforce's Tableau Software) to head Amazon Web Services Amazon (AMZN) aiming to sell stake in Deliveroo for up to $148 mln, according to Bloomberg AutoZone (AZO) authorizes repurchase of an additional $1.5 bln of common stock Daimler AG (DDAIF): Mercedes Benz will temporarily suspend truck production in Brazil, its second largest market, due to worsening pandemic, according to Reuters Discover Financial Services (DFS) and Network International Jordan signed an agreement that will enable merchant acceptance across Jordan, for Discover, Diners Club International and network alliance cardholders GameStop (GME) discloses that since January 2021 it has been evaluating whether to increase the size of the at-the-market offering program and whether to potentially sell shares of its Class A common stock Honda (HMC) aiming to extend production suspensions at some plants in North America through next week, according to Reuters IBM (IBM) Security announced new and enhanced services designed to help organizations manage their cloud security strategy, policies and controls across hybrid cloud environments Intel (INTC) announces $20 bln expansion of the company’s semiconductor manufacturing capacity, beginning with plans for two new factories at the company’s Ocotillo campus in Chandler, AZ J.M. Smucker (SJM) and JDE Peet's announce strategic liquid coffee partnership Lockheed Martin (LMT) awarded $3.7 bln Missile Defense Agency contract Merck (MRK) appoints Caroline Litchfield Chief Financial Officer Myovant Sciences (MYOV) and Pfizer (PFE) report Phase 3 LIBERTY study of once-daily Relugolix combination therapy in women with uterine fibroids met primary endpoint Nintendo (NTDOY) aiming to use Nvidia (NVDA) chips in next Switch model, according to Bloomberg Northrop Grumman (NOC) awarded $3.9 bln Missile Defense Agency contract Tesla (TSLA) CEO Elon Musk says consumers can now use Bitcoin to purchase cars Thermo Fisher (TMO) launches nationwide COVID testing program to support US efforts to return to in-person classroom instruction Toyota Motor (TM), Isuzu Motors (ISUZY), and Hino Motors (HINOY) ink new commercial vehicle partnership M&A: BRP Group (BRP) agrees to acquire Only Medicare Solutions; terms not disclosed Inphi's (IPHI) proposed acquisition by Marvell (MRVL) receives Chinese regulatory approval Wells Fargo (WFC) divests its Corporate Trust Services for $750 mln to Computershare Yum! Brands (YUM) has acquired Tictuk Technologies; financial terms not disclosed Syndicate: AVEO Oncology (AVEO) prices offering of 6 mln shares of common stock at $8.00 per share Celcuity (CELC) files for $100 mln mixed securities shelf offering ChromaDex (CDXC) files for 3,846,153 share common stock offering by selling shareholder Global Blue (GB) files for 6,666,665 share common stock offering by selling shareholders MP Materials (MP) prices secondary offering by selling shareholder of 6 mln shares of common stock at $35.00 per share and offering of $600 mln of its 0.25% Green Convertible Senior Notes due 2026 NextEra Energy (NEE) files mixed securities shelf offering Piedmont Lithium (PLL) prices public offering of 1.75 mln of its ADSs at $70.00 per ADS Prothena (PRTA) commences public offering of ordinary shares; size not indicated scPharmaceuticals (SCPH) files for $150 mln mixed securities shelf offering Second Sight Medical Products (EYES) announces $27.9 mln private placement of common stock ViacomCBS (VIAC) prices offerings of Class B common stock and Mandatory Convertible Preferred Stock for combined net proceeds of $2.65 bln IPOs: Priced to Trade: ACV Auctions (Nasdaq: ACVA): Provider of a digital marketplace for wholesale vehicle transactions and data services. Prices 16.6 mln share IPO at $25.00 per share, above the expected range of $20-22. DigitalOcean (NYSE: DOCN): Cloud computing platform offering on-demand infrastructure and platform tools for developers, start-ups and SMBs. Prices 16.5 mln share IPO at $47.00 per share, at the high end of the expected range of $44-47 Expected to Price: Alignment Healthcare: (Nasdaq: ALHC): Developer of a next generation, consumer-centric platform for senior healthcare. 27.5 mln shares. Initial range $17.00-19.00. Cricut (Nasdaq: CRCT): Developer of connected machines, design apps, and accessories and materials used to make handmade goods. 15.3 mln shares. Initial range $20.00-22.00. Leonardo DRS (NYSE: DRS): Provider of defense products and technologies that are used across land, air, sea, space and cyber domains. 31.9 mln shares. Initial range $20.00-22.00. Diversey Holdings (Nasdaq: DSEY): Provider of products that protect and care for people through leading hygiene, infection prevention and cleaning solutions. 46.2 mln shares. Initial range $18.00-21.00. LAVA Therapeutics (Nasdaq: LVTX): Biotechnology company transforming cancer treatment by developing a platform of novel bispecific antibodies designed to selectively induce gamma-delta T cell-mediated immunity against tumor cells. 6.7 mln shares. Initial range $14.00-16.00. Olink Holding (Nasdaq: OLK): Developer of a platform that has been used to generate more than 250 million protein biomarker target data points. 17.7 mln shares. Initial range $16.00-18.00. SEMRush (NYSE: SEMR): Provider of an online visibility management software-as-a-service platform. 16.8 mln shares. Initial range $14.00-16.00. thredUp (Nasdaq: TDUP): One of the world’s largest online resale platforms for women’s and kids’ apparel, shoes and accessories. 12.0 mln shares. Initial range $12.00-14.00. VIZIO (NYSE: VZIO): Leading manufacturer of Smart TVs. 15.1 mln shares. Initial range $21.00-23.00.

Gapping Up/Down

Gapping up: HOFV +79.9%, DLPN +70.3%, PLBY +18.4%, DVAX +8.5%, BNGO +6.1%, LRCX +5.1%, INTC +4.8%, AMAT +4.7%, KZIA +4.2%, KLAC +3.4%, LH +2.6%, MYOV +2.5%, KBR +2.2%, IPHI +2.1%, HOME +2%, MRVL +1.9%, AIR +1.8%, ACCD +1.5%, CME +1.3%, MOS +1.2%, WWR +1.2%, CVNA +1%, ADBE +1%, OI +0.9%, FSS +0.8%, AMZN +0.7% Gapping down: GME -12.5%, CASI -12.3%, PLL -7.2%, EYES -6.4%, MP -3.4%, SCS -3.3%, PRTA -1.8%, AMD -0.9%, NEE -0.7% Analyst Research (see Upgrades/Downgrades calendar for full list):

Upgrades: Alcoa (AA) upgraded to Overweight from Equal-Weight at Morgan Stanley; tgt $43 Banc of California (BANC) upgraded to Outperform from Mkt Perform at Keefe Bruyette; tgt $24 BNY Mellon (BK) upgraded to Buy from Underperform at BofA Securities Calumet Specialty Products (CLMT) upgraded to Overweight from Equal Weight at Wells Fargo; tgt $8 Central Garden (CENT) upgraded to Buy from Hold at Truist Cloudflare (NET) upgraded to Buy from Hold at Truist; tgt raised to $110 CME Group (CME) upgraded to Buy from Neutral at BofA Securities Continental Resources (CLR) upgraded to Buy from Neutral at MKM Partners; tgt $34 Estee Lauder (EL) upgraded to Overweight from Equal Weight at Wells Fargo; tgt raised to $340 Everest Re (RE) upgraded to Overweight from Equal-Weight at Morgan Stanley; tgt $316 Grupo Aeroportuario Del Sureste (ASR) upgraded to Outperform from Underperform at BBVA Infosys (INFY) upgraded to Outperform from Mkt Perform at Bernstein Matador Resources (MTDR) upgraded to Buy from Neutral at MKM Partners; tgt $30 NextDecade (NEXT) upgraded to Outperform from Neutral at Credit Suisse; tgt $3 Pacific Mercantile Bancorp (PMBC) upgraded to Outperform from Mkt Perform at Keefe Bruyette; tgt $12 Zscaler (ZS) upgraded to Buy from Hold at Truist; tgt raised to $225 Downgrades: Bausch Health (BHC) downgraded to Underperform from Neutral at BofA Securities; tgt $27 Centerspace (CSR) downgraded to Neutral from Buy at BTIG Research Credicorp LTD (BAP) downgraded to Sector Perform from Sector Outperform at Scotiabank; tgt $150 Freeport-McMoRan (FCX) downgraded to Equal-Weight from Overweight at Morgan Stanley Grupo Aeroportuario (OMAB) downgraded to Market Perform from Outperform at BBVA Grupo Aeroportuario del Pacifico (PAC) downgraded to Market Perform from Outperform at BBVA Vinci Partners (VINP) downgraded to Underperform from Neutral at BofA Securities Others: INTRUSION (INTZ) initiated with a Buy at H.C. Wainwright; tgt $35 Oasis Petroleum (OAS) initiated with a Buy at MKM Partners OceanFirst Finl (OCFC) initiated with a Buy at Seaport Global Securities; tgt $28 Repay Holdings (RPAY) initiated with a Buy at Citigroup; tgt $29 Synovus (SNV) initiated with a Buy at Seaport Global Securities; tgt $53 Upcoming Events:

Econ Data: 07:00 ET: Weekly MBA Mortgage Index (prior -2.2%) 08:30 ET: February Durable Orders (Briefing.com consensus 0.9%; prior 3.4%) and Durable Orders ex-transportation (Briefing.com consensus 0.6%; prior 1.4%) 09:45 ET: Final March Markit Manufacturing PMI (last 58.6) and final March Markit Services PMI (prior 59.8) 10:30 ET: Weekly crude oil inventories (prior +2.40 mln) Earnings: Monday (Mar 22) Morning: None of note Afternoon: SNX TME Tuesday (Mar 23) Morning: DOYU HUYA INFO NEOG Afternoon: AIR ADBE HOME GME SCS Wednesday (Mar 24) Morning: APG GIS WGO WOR Afternoon: AMWL GRWG FUL KBH RH SCVL Thursday (Mar 25) Morning: DRI MOMO Afternoon: GAN OXM PRGS SAIC Friday (Mar 26)
Morning: None of note Afternoon: None of note

Asia & Europe detail:

Asia: Nikkei -2.0%, Hang Seng -2.0%, Shanghai -1.3%

Equity indices in the Asia-Pacific region ended the midweek session on a mostly lower note. The Bank of Japan's latest policy meeting minutes showed a continued commitment to easing. Honda will extend its production halt at some North American plants due to supply chain delays. Australia's Manufacturing PMI expanded for the tenth consecutive month in the flash reading for March. Australia's Treasury Secretary Kennedy said that some job losses are expected once the current support scheme lapses.

In economic data: Japan's flash March Manufacturing PMI 52.0 (last 51.4) and flash March Services PMI 46.5 (last 45.8). February Corporate Services Price Index -0.1% yr/yr (last -0.4%) South Korea's February PPI 0.8% m/m (last 1.1%); 2.0% yr/yr (last 0.9%) Australia's flash March Manufacturing PMI 57.0 (last 56.9) and flash March Services PMI 56.2 (last 53.4) New Zealand's February trade surplus NZD181 mln (last deficit of NZD647 mln) ---Equity Markets---

Japan's Nikkei: -2.0% Hong Kong's Hang Seng: -2.0% China's Shanghai Composite: -1.3% India's Sensex: -1.7% South Korea's Kospi: -0.3% Australia's ASX All Ordinaries: +0.4% ---FX---

USD/JPY: +0.1% to 108.73 USD/CNH: +0.1% to 6.5223 USD/INR: +0.2% to 72.64

Europe: DAX -0.4%, FTSE -0.2%, CAC -0.1%

Major European indices trade on a modestly lower note while Italy's MIB (+0.2%) outperforms. German Chancellor Merkel overturned her decision to implement a hard five-day lockdown over Easter in response to public uproar. Germany's ifo Institute lowered its 2021 GDP growth forecast for Germany to 3.7% from 4.2% while raising the outlook for 2022 to 3.2% from 2.5%.

In economic data: Eurozone's flash March Manufacturing PMI 62.4 (expected 57.7; last 57.9) and flash March Services PMI 48.8 (expected 46.0; last 45.7) Germany's flash March Manufacturing PMI 66.6 (expected 60.8; last 60.7) and flash March Services PMI 50.8 (expected 46.2; last 45.7) U.K.'s flash March Manufacturing PMI 57.9 (expected 55.0; last 55.1) and flash March Services PMI 56.8 (expected 51.0; last 49.5). February CPI 0.1% m/m (expected 0.5%; last -0.2%); 0.4% yr/yr (expected 0.8%; last 0.7%). February Core CPI 0.0% m/m (expected 0.5%; last -0.5%); 0.9% yr/yr (expected 1.4%; last 1.4%). February Input PPI 0.6% m/m (expected 0.7%; last 1.0%) and Output PPI 0.6% m/m (expected 0.3%; last 0.8%) France's flash March Manufacturing PMI 58.8 (expected 56.5; last 56.1) and flash March Services PMI 47.8 (expected 45.5; last 45.6) ---Equity Markets---

STOXX Europe 600: -0.2% Germany's DAX: -0.4% U.K.'s FTSE 100: -0.2% France's CAC 40: -0.1% Italy's FTSE MIB: +0.2% Spain's IBEX 35: -0.1% ---FX---

EUR/USD: -0.2% to 1.1825 GBP/USD: -0.3% to 1.3716 USD/CHF: +0.2% to 0.9359

Morning Update for Wednesday, 03/24/21

Good morning everyone, it’s hump day.

This list is geared towards day trading. With the small cap stocks especially, I am typically in and out very quickly, only occasionally longer than 5 minutes, usually faster scalps. I am also constantly watching the candlestick charts and observing price action and volume, and you should be doing the same if you want to trade these stocks. Always have a plan when you enter a trade (for profit taking and for taking a loss), and use proper risk management.

Message me about the Discord.

Main Watchlist

• Gapping UP: MARA, RIOT, CAN, CHPT, ZKIN, DLPN, AUVI, IPHI, UGRO
• Gapping DOWN: GME, VIAC, TKAT, PLL, MP

Momentum Watchlist

1. HOFV (+80%): Up on news of partnership related to NFT's. Currently showing some weakness in price action, but I'll be keeping an eye on this one. May have found premarket support at 6.75-6.80.
2. APTO (+41%): Up after reporting earnings. Seeing good volume and price action in premarket. Premarket support around 4.70, with a premarket high of 5.84.
3. LIVX (+14%): Up on news of partnering with Facebook paid online events. Seeing okay volume and good price action in premarket, I'll want to see volume pick up a bit more. Current premarket high is 6.91.
4. CSCW (+44%): Up on deal for blockchain technology support for an app. Recovering a bit after selling off in premarket, I'll be keeping an eye on it.
5. FREQ (+12%): Couldn't find a catalyst, but the stock gapped down massively yesterday. Seeing decent volume and price action in premarket, I'll be watching this one throughout the day.
6. EBON (+7%): Up with Bitcoin today, couldn't find another catalyst. Seeing decent volume and price action in premarket, and may have found premarket support around 9.25.

Market Outlook

We are looking at opening green across the board, after the choppiness yesterday. Lots of indecision in the market, and we could see more of that today. SPY is trading at 391, and it's encouraging to see the green in premarket. I'm hoping for more strength today, but I'll be watching UVXY to take advantage of any sharp movements to the downside. Bitcoin is up at the moment, currently trading around 56,900. Bitcoin-related stocks are doing well in premarket, and I'll be watching them throughout the day. Elon Musk tweeted that you can now buy a Tesla with Bitcoin, so there's that. Tech stocks continue their recent strength, which is good to see. Gold, silver, and oil are up in premarket trading as well. GME gapping down this morning, so I'll be keeping an eye on that.

Just remember to use proper risk management, make sure you size appropriately for your account, and have a plan for every trade you enter. Happy trading everyone :)