Rally rolls on in Monday opener 📈

Stocks stayed hot in the first day of the new trading week and extended their win streak to three in a row...                                                                                                                                                                                                                                                                                                                                                                                                                 January 22, 2024 | [Read Online]( Adam Garcia January 22, 2024 Good Afternoon! Hey, everyone. It's Adam from Elite Trade Club. Here’s what moved the market today. Markets 📈 The stock markets extended its hot streak on Monday, with modest fractional gains for most large-cap indexes. However, the small-cap Russell 2K outperformed with a two-point spike. - S&P 500 [+0.2%] - Dow [+0.3%] - Nasdaq [+0.3%] - Russell 2K [+2.0%] Sponsored [The Battery Metal Nobody Told You About]( According to McKinsey and Company, the battery storage market is growing rapidly, especially with the transition to clean, renewable energy. Lithium-ion batteries still grab most of the headlines. But analysts now call safe and long-lasting batteries made with vanadium "the future of battery tech." [Get the Top Vanidium Stock Picks Here.]( Market-Moving News 🔎 📉 Bitcoin Falls Past $40K as ETF Hype Fades The buzz surrounding the launch of the first U.S. exchange-traded funds holding bitcoin is diminishing, causing a notable dip in the cryptocurrency's value. 🤕 BTC Beatdown Bitcoin's price slipped under the crucial $40,000 mark, indicating a weakening in investor confidence. As of Monday afternoon, bitcoin was trading around $39,936, marking a decline of over 4% in just 24 hours, as per CoinDesk. 📉 Broad Declines Not just bitcoin, but Ether, the second-largest cryptocurrency by market cap, also experienced a downturn, dropping by 6% to $2,327. ☄️ Fading Hype Despite high hopes that the new spot bitcoin ETFs would inject fresh enthusiasm into the crypto market, the reality has been somewhat underwhelming. Last year witnessed a more than doubling in bitcoin's value, but the post-ETF-launch period has seen a trend of profit-taking among investors. This recent development indicates a shift in investor sentiment, possibly reflecting concerns over the long-term impact of these ETFs on the cryptocurrency market. Top Winners and Losers 🔥 Sagimet Bio [SGMT] $18.42 (+170.8%) reported positive results from a Phase 2b trial of denifanstat to treat non-alcoholic steatohepatitis. Digital World SPAC [DWAC] $49.69 (+88.3%) surged after GOP presidential hopeful Ron DeSantis ended his campaign, boosting former Pres. Donald Trump’s reelection odds. Rail Vision Unit [RVSN] $2.25 (+64.2%) obtained formal certifications that will meet critical European railway standards. Processa Pharma [IRBT] $2.505 (44.3%) proposed a $6.2 million equity offering of 1.75 million common shares priced at roughly $4 apiece. Panbela Therapeutics [PBLA] $4.34 (+36.8%) registered for a “best efforts public offering” of up to 9 million shares of common stock and accompanying warrants, priced at $6.65 apiece. Archer-Daniels-Midland [ADM] $51.69 (24.2%) placed its CFO on leave amid a sweeping accounting probe into the company’s financial practices. That's it for today! Please, write us back, and let us know what you think of the Closing Bell Roundup. We're always eager to hear feedback from our members! Thanks for reading. I'll see you at the next open! Best Regards, — Adam G. Elite Trade Club Text ELITESTOCKS to 47121 or [click here]( to get our alerts on your mobile device, and never miss another fast-moving stock! P.S. Just like this newsletter, it's 100% free*, and you can stop at any time by replying STOP. [Sign Up for Mobile Alerts Now!]( [tw]( [ig]( [yt]( [tk]( *Standard message/carrier rates may apply. Legal Stuff: Stocks featured in this newsletter are for entertainment purposes only. You should not base any investment decisions on information contained in my newsletter. Stocks featured in this newsletter may be owned by owners/operators of this website, which could impact our ability to remain unbiased. Please consult a financial advisor before making any trading decisions. I may earn a small commission from links placed inside these emails. [Privacy Policy]( | [Terms of Service]( Update your email preferences or unsubscribe [here]( © 2024 Elite Trade Media LLC 1969 Alafaya Tr., Suite #247 Orlando, Florida 32828, United States of America