Amazon Soars on Tariff Talk, BTC Breaks $94K, CME Misses Despite Record Volume

Stay ahead of the stock market with a roundup of market-moving news, everyday.

The Tokenist

Apr 23, 2025

️‍BTC/USD: $93,106.00 (-0.32%)

S&P 500: $5,372.64 (+1.61%)

️‍U.S. 10-Year Treasury: 4.373% (-0.016)

VIX: $29.76 (-2.65%)

*Price data accurate as of 12:28 pm EST.

HighStrike’s Q2 Thesis

In the whirlwind following the 2024 election, market dynamics have swung dramatically, driven by irrational exuberance and a perception of bullish policies from Trump’s election, leading to unprecedented highs in major indices like ES, NQ, and DJI.

However, by Q1 2025, this bubble began to unravel, with key indices and cryptocurrencies like Bitcoin plunging as reality set in amidst tariff threats and disappointing earnings.

The narrative suggests that despite these setbacks, there’s a roadmap to recovery and potential prosperity if liquidity increases and government policies stabilize the market.

Shane Leather, in his invigorating discourse, invites readers to join him in navigating these turbulent times through the research delivered below, culminating in a strategy that aims to outperform in these challenging yet opportunistic conditions.

Read HighStrike's Q2 Thesis

The Daily Update: Amazon stock rallied after President Trump hinted at potential reductions in Chinese import tariffs, opening at $183.44 compared to previous close of $173.18 and reaching intraday high of $187.38; market sentiment improved as Trump's comments suggested easing trade tensions and reassured investors about Fed Chair Powell's position; Amazon's market cap stood at $1.943 trillion with analysts maintaining "Strong Buy" recommendation and median price target of $243.555; meanwhile, Bitcoin surged past $94,000, marking 6.52% increase on $55.5 billion trading volume as investors seek safe-haven assets amid economic uncertainty; Robinhood (HOOD) stock also gained ground, trading at $45.32 premarket versus $42.09 previous close; in contrast, CME Group missed earnings expectations as operating expenses unexpectedly rose 1.1% to $534.4 million despite record $1.64 billion revenue and 13% growth in average daily trading volumes.

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Amazon’s Stock Rises as Trump Talks Down China Tariffs

Amazon's shares climbed following President Trump's remarks on easing China tariffs.

CME Group’s Earnings Miss Expectations Amid Rising Costs

CME Group's first-quarter earnings fell short due to rising operational expenses, mainly from technology investments, despite achieving record trading volumes.

Robinhood’s Stock (HOOD) Climbs as BTC Rallies, Recovers from April Lows

Bitcoin has crossed the $90,000 mark, showing signs of trading independently of US tech stocks and resembling a safe-haven asset.

Bitcoin’s Price Surges as Investors Seek Safe-Haven Assets

Bitcoin's price has soared to new heights, nearing its all-time high, as market dynamics shift.

This newsletter was brought to you by HighStrike!

The following are some levels that HighStrike traders are currently watching. Continue reading to learn why these stocks are in focus and where they’re heading. You can join the HighStrike community to improve your trading skills and connect to 10,000+ traders.

Check out our Discord to see the full game plan for today.

ES levels to watch today:

Above:
5,474 snow line
5,531.50 fire line

Below:
5,439, 5,346 and 5,324.50 snow line
5,289 and 5,381 tree line

NQ levels to watch today:

Above:
19,225 and 19,546 snow line
20,065 fire line

Below:
18,400 and 18,187 snow line
18,702 and 17,866 tree line

Check out the pre-market video for a detailed explanation of this trade and targets!

HighStrike is the fastest-growing community of retail traders on the planet. The community’s 10,000+ traders from 142 countries gather on Discord daily, where HighStrike’s funded traders share live trade walkthroughs on video, answer questions from the community, vet trade ideas from members, and share their unique insights on the markets. It’s the new home for day traders.

Level Up Your Trading with HighStrike!