Weekly Market Wrap: Starting the Year with a Bloodbath!

Join our Telegram channel for more market analysis & trading tips: t.me/synapsetrading

For our weekly market wrap, we go through some of the trade calls and analysis from last week, which gives us valuable insights for the week ahead.

We cover 3 main markets with a total of 200+ counters, so we will never run out of trading opportunities:

Forex, CFDs, commodities, bonds
US stocks, ETFs, global stock indices
Cryptocurrencies, crypto indices

By covering a broad range of markets, we can focus our attention (and capital) on whichever market currently gives the best returns.

Click here to receive all these signals in real-time for only $67 a month! You will get several signals a day, and even taking just 1 trade the whole month can easily cover the fee, so what are you waiting for?

Forex Market Highlights

Range trading for AUDCAD

Range trading for CADCHF

GBPNZD has hit the top of the trading range, so now we can close our long trade and we wait to see if a short trade triggers.

Following up on GBPUSD, it is almost reaching the profit target at the top of the channel. ????

Range trading for USDCAD

Stock Market Highlights

While the US markets (S&P 500) continues to make new highs, the number of net highs (total number of stocks on the exchange making new highs vs lows) seems to be dwindling.

This is a worrying sign that the market is only boosted by a handful of large counters.

At this stage, I will remain bullish, but I will reduce my position size.

Although Apple (AAPL) broke new highs, it still feels kind of toppish. Wait for confirmation to short if price breaks a new swing low.

Following up on Apple (AAPL), it has fallen back into the channel as predicted, and triggered a short trade.

As one of the biggest stocks in the market, it could potentially drag down the whole market.

Berkshire Hathaway (BRK) is surprisingly bullish in recent months, after a prolonged sideways move for many months last year.

Following up on China tech stocks (3067), they have hit new lows as predicted. at the moment, there doesn’t seem to be any end in sight.

Crypto Market Highlights

Following up on Bitcoin (BTC) and Ethereum (ETH), the sell-off has continued as predicted, so now is not the time to start accumulating yet.

Continue holding those short positions for more profits until the time is right. ????

Strong momentum on Terra (LUNA), possible to test and break new highs.

Terra (LUNA) has also turned bearish.

Nice bull flag breakout on Fantom (FTM)

Following up on Fantom (FTM), it is now up +40% profit from our 2nd buy call. Congrats! ????

Click here to receive all these signals in real-time for only $67 a month! You will get several signals a day, and even taking just 1 trade the whole month can easily cover the fee, so what are you waiting for?

Good luck, and may next week bring more excellent profits!

Want the daily routine? Enter your email for the free 15-Minute Swing Trader's Checklist.

Free, 5 pages, PDF. You get the checklist, then my occasional trading emails. Education only, not financial advice. Unsubscribe anytime.

Where your details go: Kit, our email provider, stores your email address in the United States. Our contract with Kit lets it use your address only to send our emails, and requires Kit to keep it secure. The United States has no national privacy law like Singapore's, so that contract is the main protection. More in our privacy policy.