Good day everyone,
The stock indices are still seemingly mired in going nowhere. In fact, if we look at the changes over the past month, we see little change. We include the Russell 2000 as a broader indicator of overall market sentiment.
April 22nd May 22nd
DJIA 34,060 34,207
NASDAQ 13,996 13,470
Russell 2000 2,264 2,215
Malaise in the stock market can be frustrating as investments seem to just be going sideways. Frustration is tough but corrections are much more difficult to deal with and we are not there right now.
The crypto currency market is volatile and always has been. Bitcoin has given up a large part of the gains it experienced recently dropping to $38,062 after hitting a high of $58,958 just on May 8th. Ethereum has followed a similar path peaking at $4,179 on May 11th and now at $2,356.
We are confident these crypto currencies will be around a long time as De-Fi grows but they seem to be seeking a stable level, one not overly influenced by comments from large investors. There may be some buying opportunities in crypto if you chose the right ones. We have been talking about adding a crypto DD report a couple weekends per month.
With the narrow stock indices trading range, we still see gainers every day, we’re just not seeing many big gainers. But they are still happening, and we think we are looking at a company now, one we want to report on, that could see significant near-term gains.
This company presents with a combination of factors that may be too hard to resist. Starts with a tiny float, and a market value ready to grow. This company operates in one of the hottest sectors around. A ground floor opportunity under the radar of most investors.
We’re excited for you to read this upcoming report to see how the combination of events happening at the company create the potential for a winner.
The Traders News Breakout Stocks Group
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