MarketDraft @MarketDraft

WTF was is going on with Jeo Boden on $SOL? Website now offline? Did it really flip to Trump $ETH? Whaaat is going on with these meme cryptos?! 😆

The Crypto Big Cap Freeroll keeps heating up! 🔥We’re seeing the $SOL selection trend continue by MD users; even with it down lately. Token discovery & sentiment data is more valuable than the free cash prizes we issue daily; especially when it becomes applied knowledge. 📈

Another volatile day in the stock market though there are signs the falling knives may have stopped raining. That isn't the case for $LAC though, down 28% today on news regarding a public offering (dilution) of 55M shares being sold at $5. The stock is now at $4.80. Bottom in?

The Magnificent 7’s weighting has reached a record high at nearly 30%. This is more than the industrials, consumer staples, energy, materials, utilities, and real estate sectors combined. $AAPL $AMZN $META $MSFT $GOOG $NVDA $TSLA

Crypto price movement continues to largely trade in lockstep with stocks. Most tokens are also pegged to $BTC. The narrative has been that cryptocurrency is a hedge against fiat but the data hasn't shown that. Will the halving event or rising debt finally result in divergence?

Ever hear of $WISA? The wireless audio company is making noise this morning, up 63% and trending on @Stocktwits. With the stock down big over the last 6 months, there's plenty of room to run; even with the headwinds the stock market currently faces.

The demand for $SOL is overwhelmingly strong; literally overwhelming servers. It also continues to trend upward in usage on MarketDraft with more people discovering the token. coindesk.com/tech/2024/04/1…

Bitcoins don’t do anything for anyone when the world goes to poo. $BTC is just a token in a contemporary asset class based on tech and good ideas. Gold though? It can be used as a blunt force object, turned into teeth, bullets, daggers, dust, micron-level thin sheets to power…

After a weekend worrying about expanding wars, the stock market & crypto continue moving down. 📉 Small caps & strong alt-coins like $HBAR are the taking the biggest hit. Many near 52wk lows like $BA, $SBUX, $BIG, $RIVN, $AI, $APPS, $LCID, $RKLB. Buy the dip or more pain coming?

Did Amazon hit a home run with timing the release of the Fallout TV series? $AMZN stock dropped today w/ the rest of the market but early reviews are 🔥. War talk driving interest? Caps currency becoming a growth trigger? 😆

People out there buying the dip today with the red only getting redder…

SOL, FTM, and CHZ have been trending crypto tickers over the past 2 weeks on MarketDraft but today's winners were NEO, ACM, and PAXG. Those 3 powered the top lineups in today's Crypto Hero Contest. Congrats to the winners and to those learning more about Solana and other tokens!

Ouch. $RIVN down another 6% today... now in the single digits. Talk about a fast fall from grace. It isn't quite a $CVNA situation yet, but considering the stock was $24 a share just 4 months ago... bag-holders must be sick. The luxury EV maker's Q1 ER can't come soon enough.

Rent the Runway was up 36% yesterday and 34% more in after hours training. This 70% one-day gain for $RENT comes after a strong Q4 earnings report dropped. The concerning CPI data couldn't hold it back. The fashion / apparel rental biz continues to impress.

With #CPI coming in at 3.5%, macroeconomic headwinds have kicked in hard, turning the stock dark market red. Major crypto tokens also appear to be in lockstep with stocks with most of them down today as well. $BTC, $SOL, $ETH, $LINK all (-1%) and $HBAR (-7%) $XRP (-4%). Ouch. 📉

Venture capitalist Chamath Palihapitiya discussed the gamification of the stock market (aka — what MarketDraft does) Earning risk-free cash while becoming a better trader and having fun with stock market culture? Sounds good! 📈 tiktok.com/t/ZTLAHpUwW/

Finally! #Eclipse2024 is today! Of course... this means celestial stocks like $LUNR, $ASTS, and $RKLB are trending. 😄 Volatility is nothing new for these small-cap companies (150% swing range within the last 6 mo). Don't stare at the chart movement or at the eclipsing sun! 🌞

Bears = The market is the most top-heavy its been since 1929. De-dollarization, debt crisis, Taiwan risk, Japan % rates, and small caps never broke out. Bulls = AI is > industrial revolution or the internet. It's an election year. $SPY hit highs and we're having a soft landing.

The stock market will be saying sayonara to $VIEW. The commercial smart-glass window company filed for Chapter 11 bankruptcy and will be taken private. Down 72% over the past week, only a few pocket-change bag-holders remain. Sometimes, good ideas end up being bad businesses.

Gold hit a record high today at $2,304.09 (+11% YTD). Some suggest it's due to the national debt, bank concerns, inflation, and growing CC delinquencies. $BTC is also +53% YTD. With the stock market largely propped up by the MAG7, are these hedge-highs a canary in the coal mine?