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14.01.2025

Tezos (XTZ) has declined slightly by 0.2% this week, trading at $1.249, following Bitcoin’s (BTC) drop to $89,158, which triggered widespread altcoin sell-offs due to concerns of a potential further decline in BTC to $80,000. However, Bitcoin managed to hold above the critical support level at $89,000-$91,000, offering some relief to the broader crypto market.

Speculation about a shift in U.S. trade policy has provided additional support to crypto assets. Reports suggest the new U.S. administration may pursue a gradual increase in tariffs rather than an abrupt hike, which could help alleviate inflationary pressures and lead to a less aggressive monetary stance from the Federal Reserve.

This development is a positive signal for the cryptocurrency market and may help Tezos maintain its position above the key support level of $1.200.

14.01.2025

Merck Becomes Interesting to Be Added to a Portfolio

Merck & Co (MRK) stocks have shown signs of becoming a compelling buy opportunity. Over the past six months, the stock has been in a downtrend, declining 29.8% to $94.50 per share. However, since mid-November, MRK has demonstrated a reversal of momentum, rebounding by 10.0% to reach $104.87 on December 5. Following a brief pullback and consolidation period, the stock has retested the downtrend resistance and appears poised to continue its upward trajectory.

With prices currently positioned to target $110.00, this represents a potential 9-10% upside from the present levels. Setting a stop-loss at $93.50 aligns with a prudent risk management strategy, providing protection against further downside while allowing for upside potential. The recent consolidation phase further supports the case for a breakout, making this an attractive moment to consider initiating or adding to a position in MRK.

16.01.2025

Delta Is Taking Off To Update Its Highs

Delta Air Lines stock rose markedly by low double digits in the first ten days of the new year. The U.S. carrier has served more than 200 million customers in 2024, when it was also recognized by J.D. Power, a leading American data analytics and consumer intelligence company, for being No. 1 in First/Business and Premium Economy Passenger Satisfaction. Travelers became more willing to spend extra money for swanky seats when meeting a high level of service. Delta is just positioning itself as the nation's premium airline. And what's more important, its Christmas quarter's earnings reportedly surpassed average analyst pool projections. Driven by stronger travel demand, smart financial management and capacity discipline, Delta business provided last three-months' profit of $1.85 per share vs $1.28 at the same period one year ago, compared to $1.75 in consensus estimates. On January 10, the airline industry leader put its future profit levels within a range between $0.70 and $1 per share in the current quarter through the end of March, while analyst expectations were focused on $0.77 cents, according to data compiled by LSEG. The starting months of each year always perform worse. It is clear that all carriers made losses in the Covid years of 2020-2022, but Delta profits only recovered into a range from $0.25 to $0.45 in the first quarter of 2023 and 2024, respectively, but Q1 profit numbers varied from $0.75 to $0.96 even in the three blessed years before the pandemic. Delta added that it is forecasting annual earnings in excess of $7.35 a share, which would be the highest in its 100-year history, based on its planned revenue growth of 7% to 9% in the March quarter from a year ago. The announcement could be compared to an adjusted profit of $6.16 a share in 2024. The company happily breaks through ticket prices' rising effects, almost undisturbed by a reduction in airline seats in the domestic market, which was peculiar for most carriers. Thus, new expectations created a fertile ground for setting new price records, even though price movements on Delta charts look most convincing among its other American rivals.

By the way, Citigroup analysts freshly updated their outlook on Delta Air Lines shares to raise their price target to $80 from the previous $77, vs the actual range around $65 per share where the stock just came after a reasonable market correction from last week's and all-time highs. Citigroup said it has included factors like higher revenue per available seat mile, projections of slightly lower fuel prices, increased taxation, a minor rise in share count, and the incorporation of fourth-quarter 2024 results into their financial model, which has projected Delta's profit at $7.49 per share in 2024 and $8.72 in 2025. Delta shares are Buy-rated at Citi, and we agree with their positive estimates in general, while keeping in mind even better price goals somewhere between $82.5 and $85.

09.01.2025

VeChain Is Suffering on Rising Borrowing Costs

VeChain (VET) has fallen 12.7% this week, trading at $0.0445, underperforming the broader cryptocurrency market. Bitcoin (BTC), the leading cryptocurrency, has declined by 5.6% to $93,220, with bearish momentum building as it approaches key support at $89,000-$91,000. This decline is largely attributed to tightening monetary conditions in the United States, which continue to weigh on risk assets. Investor confidence is further shaken by significant net outflows from spot BTC-ETFs, which lost $583 million on Wednesday, marking the second-largest single-day outflow on record.

If BTC falls below the critical support level of $89,000-$91,000, VeChain is likely to extend its losses, with prices potentially declining another 10% to $0.0400. A sustained drop in BTC could push VET even lower, towards $0.0300. Conversely, a strong rebound in BTC prices to the $100,000 level could drive VET back up to $0.0500, representing a recovery of approximately 12% from current levels.

23.01.2025

Ontology Is Sliding Towards $0.2000

Ontology (ONT) is down 2.3% this week, trading at $0.2176, in line with the broader crypto market where Bitcoin (BTC) has declined 2.0% to $101,632. While the new U.S. administration has made some strides toward fairer crypto regulation, Donald Trump has remained silent on the highly anticipated issue of adding Bitcoin to U.S. federal reserves.

Market speculation is rampant, with figures like BlackRock CEO Larry Fink suggesting Bitcoin could surge to $700,000 per coin if sovereign wealth funds begin accumulating. Other forecasts predict Bitcoin reaching $250,000 by year-end. While such projections could foster optimism, the lack of decisive action or announcements regarding U.S. crypto reserves is weighing heavily on the market.

For Ontology, the situation remains bearish. Having breached the critical support at $0.2500 last week, the token is now approaching the $0.2000 level. A failure to provide clear evidence or statements about U.S. federal crypto reserve plans could see ONT fall even further, breaching the $0.2000 mark and deepening its losses.

Rafael Quintana Martinez

Money Manager de alto rendimiento, con una sólida formación académica, profesional y de campo. Más de 9 años de experiencia especializada en el comercio de mercados financieros internacionales. La devoción, la fiabilidad, la responsabilidad y la ética impulsan mi vida. Actualmente me desempeño como Analista Senior para Metadoro. https://metadoro.com/es https://mx.investing.com/members/contributors/235587671/ https://es.tradingview.com/chart/EURUSD/rE9gVips/

02.10.2024

IOTA Could Suffer from Middle East War

IOTA (IOT) has dropped by 15.5% to $0.1216 this week, significantly underperforming the broader market. In comparison, Bitcoin (BTC) has fallen by 6.9% to $61,250. IOTA recently hit resistance at $0.1500, with its decline driven by escalating geopolitical tensions in the Middle East.

Currently, the token is retreating towards support at $0.1000, but there is potential for recovery as geopolitical concerns ease. IOTA's recent Sharia compliance and its registration as the first Foundation under the DLT Foundations Regulations of Abu Dhabi Global Market (ADGM) highlight its strategic expansion in the Middle East. While this has contributed to temporary weakness amid the conflict, the long-term outlook for IOTA appears positive, as its presence in the region could drive future growth once stability is restored.

IOTUSD

2808

MetadoroIn-house analytics

02.10.2024

Middle East Damage to Markets Is Non-Durable

Iran's massive missile strike on Israel spoiled the investing sentiment across the world on the very first trading day of October. The MSCI World index, tracking the performance of large and mid-cap equities across 23 developed countries, lost nearly 1.25% after hitting its historical high at 3739.31 last Friday. Tech-heavy Nasdaq 100 futures of Wall Street fully wasted last week's gains, sliding from rather comfortable levels above 20,000 to the middle zone of a lower 19,000 big figure. The S&P 500 broad market barometer dropped below 5,700. The crowd may become more cautious while Middle East tensions are clearly escalating. However, it may feel already on the next step that the proper way to hedge additional risks lies in hiding even more cash into leading stock assets instead of U.S. Dollars or Euros, especially as yields of Treasury bills and German bunds are going further down very fast in sync with lower central banks' interest rates.

Military standoff between Arabs and Jews can last for years, trying to enlist other sides into the conflict. This only undermines the U.S. government influence in the region, as well as the commonly cited "international order based on rules", which negatively affects reserve currencies' system. Meanwhile, the capitalization of major transnational corporations may even benefit from pure investors' desperation mixed with instinctive reactions. If Apple and some high-rating chip stocks lost 3% to 4% of its value in one evening on October 1 then Google, being the search and cloud giant far away from sales of any physical items, is still on its feet, even gaining 0.7% during the day, while social networks prince Meta used the stressful moment to soar to its new all-time milestone above $583 per share. The Facebook, Instagram and WhatsApp owners' one-year change in value is more than 85%.

We believe that such trends will continue strongly in October, and so adding more positions in market indexes and leading techs, be it on their current highs or dips, is an appropriate stance. Besides, we would like to draw your kind attention to a fresh analyst note from The Bank of America mentioning in particular: when the S&P 500 was up in September, the rest of the same year has had even stronger returns with the index being "up 67% of the time on an average return of 1.62% (1.54% median) in October and up 79% of the time with an average return of 5.08% (5.81% median) in 4Q", supporting the idea of the 6,000 target area for the S&P 500 into year-end.

September is typically the weakest month of the year for the S&P 500, but this time the index added 2% to reach a year-to-date gain of 20.81%, which may set the stage "for a potentially robust fourth quarter", according to the BofA's bets. Its investigation said, when the S&P 500 statistically was up between 15% and 25% through the first three quarters of a year then the S&P 500 later would have an average last quarter gain around 4.4%. In 2024, this would lead to potential goals between 5,930 and 6,185. Again, any solid gains during a presidential election year "bodes well the S&P 500", with "a positive Q4 is seen 89% of the time", while an average return is 4.98%".

With more eyes are going to watch the U.S. September's jobs report, scheduled for this Friday, the Federal Reserve's head Jerome Powell reiterated that the open market committee doesn't feel "like it’s in a hurry to cut rates quickly", so that further rate cuts may "play out over time". His latest statement was made before the Middle East new tensions, which could accelerate the central bankers' dovish mood to offset growing risks for the global economy. Yet, even a smaller 0.25% policy change in early November, compared to the large 0.5% step down two weeks ago, looks to be an adequate response of monetary authorities to expectations of the investment community on improving borrowing conditions in nearest months.

USTech100

3656

Rafael Quintana Martinez

01.10.2024

ONT Is Set to Breakthrough $0.2000

Ontology (ONT) has declined by 2.8% this week, falling to $0.1990, as it pulls back from the strong resistance level at $0.2000. Similarly, Bitcoin (BTC) is down by the same percentage, dropping to $63,760. ONT is attempting to break through this resistance for the second time in the last six weeks, and this time, the attempt could prove successful.

The broader cryptocurrency market experienced its best September on record, and historically, October tends to be one of the strongest months for the market. With this favourable backdrop, ONT could break through the $0.2000 resistance level and advance towards $0.3000.

ONTUSD

4127

Rafael Quintana Martinez

01.10.2024

The Pound Is Overheated

The British Pound is clearly overebought following a 2.0% rise to 1.33700 in September. By contrast, the EURUSD gained just 0.4% over the past month. Although the Cable has broken through the uptrend resistance, this appears to be a temporary move. Over the past six months, the pound has been held within an ascending channel, and it seems likely that this pattern will continue.

I plan to open a short position at 1.33500-1.34000, aiming for a trendline support at 1.31000-1.31500. This is where the pound could be heading by mid-November. A stop loss will be set at 1.36000.

GBPUSD

3034