The DailyTradr is for informational and educational purposes only. Nothing in this newsletter is financial advice, trading advice, or a recommendation to buy or sell any asset. Always do your own research and consult a professional before making financial decisions.

None this week

Another slower week with the 4th weekend pump in a row retracing by Wednesday. Some larger coins like $ZCASH still showing some momentum but the majors like Bitcoin and Ethereum still not showing momentum.

Opinion: Although that hasn’t been a ton of downside the past few week the market seems to be frustrating people with weekend moves retracing during the week while the stock market is finding ways to continue to pump higher. The optimism is that historically November is often a really bullish month for crypto such as last year in 2024 there was a major bull rally during that period. Sentiment still low but hasn’t reached extreme levels of fear yet which might suggest another flush is still lurking.

Fear & Greed Index: 32 out of 100. Same as last week, no real change in sentiment which remains lower.

Another weekend pump that was looking promising (as low volume weekends often due) that started retracing and has pulled back to levels even before the weekend. Price still hovering around $110,000 and still holding some supports but the concern now is that it’s forming a bearish H & S pattern. Bulls will be looking to push the November narrative, bears pointing out that momentum has stalled and the structure is changing.

Still struggling to stay above $4k with the amount of attempts it keeps having. It’s felt like it’s lost a lot of it’s bullish momentum and is heading towards neutral/bearish territory. It was rejected at the decision line once again.

October did not live up to expectations and November seems to be the last bit of hope. The chart objectively is looking bad and all the attempts at support is making it weaker. Looking like it might be testing that lower support again and if that can’t hold it could be looking much worse.

Not forcing a trade and being patient is how you stay open for opportunity.

$ROSE - Stopped out at 20%

$CRV - Stopped out at 23%

TRACKING WITH GURU

Seems like every step forward it’s two steps back. $GURU seems to be the only one up on the week. Microcaps really need to see $ETH and altcoins show momentum return otherwise it could be a slow November. Last November as mentioned before was really good so that’s the hope.

$COR, $BERRY, $PAPPLE, $PROOF and $GURU

With some wild gap up days on Monday and Tuesday the market looked fearless as if it was never going to stop. It got through FOMC with some panic during Powell’s speech with his uncertainty about rate cuts in December. The market also got through a big earnings weeks where $AMZN did really well but some other big stocks like $META did not. It appears the US has made some progress with negotiations with China and tariff talk has been extended another year. There were some interesting moves with stocks like $CMG which did really bad showing that consumers are spending less or eating less at fast food places where other fast food stocks saw sell offs.

Opinion: After everything the market went through it still finished up on the week and looked relatively strong. It seems like it might be running out of good news and sometimes all the chaos and headlines is good distractions to keep it going up. Wouldn’t be surprised if there was some profit taking next week and will be curious to see if the government shutdown is resolved by next week. Not sure it seems like that will have an effect on the markets either way (other than SNAP benefits causing grocery store stocks to sell off).

This looks to be a much slower week especially the government still being shutdown. Looking like unemployment rates the only big item. Auto sales would be interesting but it’s TBA so no clear date.

Popular Earnings Next Week

No new stocks this week

These are stocks that I’m trading. I will be sharing where I enter and where I close.

OPEN TRADES

$FLNC - Currently up 5.1%, high of 8%

$CROX - Currently up 0.75%, high of 7%

CLOSED TRADES

$CAN- Closed at 111%

$DRD - Closed at 62%

$ROOT - Closed at -4.5%

$NGVC - Closed at -6.1%

$TGT - Closed at -12%

Good momentum showing up. Looking like a clean trendline break and should hopefully keep running November with earnings not until the 24th.

With a high of 200% since first mentioned this one has been a great play and very hard to have updated each week where by the time the newsletter came out each week it’d be up or down 50% each way. We did hit the $1.60 range which mentioned if hit we’d be closing. Plenty of time during the weeks to have sold or taken profits higher.

$CROX ( ▲ 0.12% ) (Crocs) - Still holding, almost back to entry. Will see what another week does then decide if it’s cut.

Closed at a 6% loss. If able to fire off a sell after the pump and target that would have been ideal but for the newsletter marking this as a 6% loss. SNAP benefits looking to end seems to have caused some panic in grocers.

This weeks episode @Jazzplane interviews @PepeMoonBoy. For those that don’t know him he’s been publicly trading an account on Robinhood which has got up to over a million dollars.

All charts were created using TradingView

The DailyTradr

Follow @dailytradr on X (Twitter) to give feedback, suggest content or creators you’d like to see featured, and to keep up to date.