Fake Bitcoin Tweet Heard Round the World — Nick Santiago 1-10-2024 #554

1. The fake Bitcoin Tweet heard around the world. The SEC was allegedly hacked. The crypto traders are all awaiting news from the SEC on a spot bitcoin ETF approval by over 10 firms.

2. It's a quiet day for markets, Tomorrow, the CPI number will be released. This has been a market moving number in the past and can be again.

3. The financial stocks have stalled out a little this week, but they have been some of the biggest winners since the rally started in late October. I think this pullback is healthy as this sector was starting to get parabolic. JP Morgan Chase (JPM) has rallied nearly 30% in 2 months.

4. Gold is flat today, but it has been pulling back since December 28th. There is still a lot of daily chart support around the $2000 level.

5. Silver has lagged gold as you know. There is still a lot of support for silver around the $22.00 level on the daily chart. Currently, silver futures are trading around the $23.00 level, but this is minor support right now as it has been tested for a week already.

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