Weekly Highlights 10: S&P ATH, Growth Stocks Sell-off, Ethereum to the moon, the Dogefather to host the SNL

SPY at all time high with XLE and XOP leading the surge. Leading Tech stocks got hammered i.e. ETSY, FSLY, TWLO, DKNG, etc. Pops were being sold off; I guess, institutions aren't keen to buy names with high multiples at the moment. 

​
Bitcoin is flagging, whilst Ethereum just keeps making ATH. Doge, a meme coin, ripped thru .70c yesterday but sold off during Saturday Night Lives' air time with Elon, the self-proclaimed Dogefather, awkwardly hosted the show.


​My crypto account has been ripping, and I have been taking advantage on interest, staking and auto-market making. I am not trading crypto as of yet as the moves are sorely unpredictable and extremely volatile. But, I am not dismissing this idea, in-fact, I am learning this space as fast as I can as well.


I continue to see improvement on my stocks screening, technical analysis, and ticker recognition, however, I tend to get distracted too easily for the past couple of weeks. I have missed on high R/R entries costing me 20%-25% upside on these trades like NVAX, BNTX, CVNA, X, ALB. The lack fo sleep didn't help that much either. The overall sentiment amongst fintwit traders is that this has been a difficult market to trade at least for the past couple of months - the market is making ATH but the pops just craps underneath. I am making money in this market, so I guess I am doing something right then.
​

On the productive side, I have added signals to my arsenal like PCCE and Flow. And has been adding mulitple chart samples on my database. ​

Downtime Read

https://www.prnewswire.com/news-releases/nydig-announces-appointment-of-john-dalby-as-chief-financial-officer-301286384.html
https://www.theguardian.com/money/2021/may/01/mortgage-prisoners-distressed-and-betrayed-as-mps-reject-interest-cap
https://www.pna.gov.ph/articles/1137122#:~:text=The%20coin%20can%20be%20conveniently,transactions%20using%20QR%20code%20and
https://www.businessinsider.com/biggest-stock-market-crashes-in-history?r=US&IR=T
https://www.tomshardware.com/news/turkish-crypto-exchange-goes-bankrupt-losses-2-billion-usd
https://news.bloomberglaw.com/banking-law/eu-investment-arm-offers-two-year-notes-in-debut-blockchain-deal
https://decrypt.co/69205/cardano-developer-iohk-strikes-partnership-with-ethiopian-government
​

Pods

​Markets Thursday 29042021Dupont Trading
Bitcoin Maxis versus Ledger & CobieUpOnly
Abra: The Future of Crypto Banking (w/ Bill Barhydt and Raoul Pal)Real Vision Finance
Cardano: The Smart Contract War Heats Up (w/ Ash Bennington & Charles Hoskinson)Real Vision Finance
Portfolio Construction: Beyond BTC & ETH (w/Jeff Dorman, Joey Krug, Ari Paul, and Raoul Pal)Real Vision Finance
600% Increase in 9 Months | Pinterest Stock (PINS) | In-Depth Technical AnalysisRichard Moglen
Balaji Srinivasan - Bitcoin and Ethereum, Crypto Oracles, and MoreThe Tim Ferriss Show
Crypto Billionaire Who Bought $69 Million NFT “Everydays”Valuetainment
Trading Mindset and Mental Toughness | Interview with Veteran Trader Joe FahmyRichard Moglen
The Wall St. Jesus Flow Show: May 4th, 2021Sang Lucci
SotN #45 - Chainlink 2.0 with Chainlink GodBankless
What Is Ethereum? - An Investigation (w/ Raoul Pal, Vitalik Buterin, Joe Lubin, and more)Real Vision Finance
How smart contracts will change the world | Sergey Nazarov and Lex FridmanLex Clips
The Stock Market Shakes off Huge Jobs Report Miss | SPX at All Time HighsRichard Moglen



Have a great weekend.

/END