Travel Highlights: Back from my Myanmar Trip – Yangon, Bagan!

Last month, I took a trip to Myanmar for a holiday, and was hosted by a friend who was working for a major commodity trading firm.

It was a great week of chilling by the pool (which was 10 steps away from my room), enjoying sunsets, and trying out the local delicacies.

2015-09-16 05.51.06-1

2015-09-16 11.13.54-1

2015-09-17 06.01.57

2015-09-18 11.34.35

2015-09-19 16.04.38

2015-09-18 13.49.14

2015-09-21 10.53.36-1

I also got the chance to trade the FOMC with the company of some good Myanmar beer. :p

As expected, the interest rates were not raised, which means we will have to observe October and November carefully. In addition, the recent NFP was not good, which makes December more likely.

2015-09-17 21.39.02

After some serious back-of-the-napkin analysis, as well as some insightful discussions with my friend, I came to the conclusion that commodities may not recover that quickly, based on technical and fundamental factors.

I have attached below the chart of the CRB commodities index ETF, which is listed on SGX.

2015-09-21 15.16.08-1

 


crb commodities index

 

I will be keeping an eye on this, as I have some commodity-related counters in my portfolio, and it might be a good opportunity for the long-term.

Stay tuned for my monthly portfolio update for September coming up real soon! 😀

 

P.S. For my full travel photo log and list of countries travelled, please visit: http://synapsetrading.com/travel-log/

ALL YOU NEED TO KNOW ABOUT TRADING!

Hi, Spencer here! 😀

After making my first million at 28, and trading & teaching across 50+ countries, I have consolidated my knowledge and experience to create the most comprehensive & practical guides for profitable trading, compiled from thousands of books, websites, courses, and interviews with professionals.

As a former professional trader in private equity and proprietary funds, I have over 15 years of market experience, and have been featured on more than 20 occasions in the media.
0 replies

Leave a Reply

Want to join the discussion?
Feel free to contribute!

Leave a Reply