Olin Corporation (OLN:NYSE)

Management of OLN certainly seems to recognize that the market is rewarding stocks with strong returns and dividend yields, as they have been actively repurchasing company shares and streaming cash back to shareholders. They’ve recently bought back roughly $1.35 billion of their own shares and have a solid 8.95% payout ratio; however this ties into the “War Trade” thesis in many ways. 

OLN is a major producer of ammunition so if current geopolitical tensions remain elevated, this could result in a major influx of orders for their products, making them even more lucrative for investors. As long as the stock price stays above $55-$56 we are confident that this trend will continue as my target upside for the stock is now at $90-$92.

Wynn Resorts (WYNN:NASDAQ)

The news that gross revenue at the company’s Macau resort had risen a staggering 82.5% year-over-year in January is an indication of just how eager Chinese citizens were to visit and gamble after Covid restrictions were eased. This influx of visitors has not only been great news for the resort, but it is also a sign that consumer discretionary stocks such as WYNN will benefit. 

With inflationary pressures predicted to remain contained, more disposable income will be available to spend on goods and services, making now an opportune time to invest in WYNN. Indeed, we are confident that this stock holds potential as long as it stays above $90.00-$92.00, with an upside target of $145.00-$150.00 for those looking for maximum profits.

BTC/USDT

Over the last few days, bitcoin retraced from $24,300 (resistance) to $22,830, putting it within the $22,600 – $23,000 area of support. 

BTC needs to hold support here to prevent any further downside, as, if lost, the next area of support is at $21,300 – $21,800, followed by the 200 Moving Average on the daily, at $19,725. 

If bitcoin climbs back up to the $24,300 resistance level and fails to break through, it might form a “double top,” indicating a further retracement in the coming weeks.

TOTAL3 (Crypto Total Market Cap Exclude BTC & ETH)

The TOTAL3 has broken through its long-standing downward diagonal trend line, but it is yet to make a higher high above it. 

As far as the wider trend goes, up to now it has experienced lower highs throughout. 

A break below the $358.5 Billion level would confirm the bearish scenario, and lower prices would be in play for most of the altcoin market.