Weekly Market Wrap: Stock Market Crash Resumes?

Weekly AMA on Instagram - Ask me anything about trading & investing, stock picks, market analysis, etc!

Last week, we saw a surge in the USD and CAD, and continued weakness in the JPY. This caused many of our existing positions to hit our profit target, allowing us to lock in profits. Soon, I will be posting the newest forex opportunities in the signals chat.

The stock markets continue to decline as predicted, with a few bull traps (small rallies) to lure in “value investors”, before breaking to new lows. Since I am net short, this means that the more the market goes down, the more profits we make on our positions.

The crypto markets are exhibiting choppy sideways movement, which is great for swing trading. It also allows me to hedge my long-term investment positions, which have made me additional profits while waiting for the long-term bull trend to resume.

 

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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

Currency comparisons

 

Product: Forex
Name: Aussie Dollar vs Canadian Dollar
Ticker: AUDCAD
Exchange: N/A

Analysis: Small rising wedge (bearish) after running into major resistance at the top of the wide range.

EP: 0.938
SL: 0.953
TP: 0.918, 0.900

“Took profit at 0.918. Thanks for the call!”

 

 

Product: Forex
Name: Aussie Dollar vs Canadian Dollar
Ticker: AUDCAD
Exchange: N/A

Analysis: Following up on this, our first TP has been hit and it is now 295 pips in the money! ????

EP: 0.938
SL: 0.953
TP: 0.918, 0.900

 

Product: Forex
Name: US Dollar / SG Dollar
Ticker: USDSGD
Exchange: N/A

Analysis: Following up from the last analysis, it has finally hit our TP, netting a profit of 378 pips! ????

The next possible level to look at is $1.400.

EP: 1.370 to 1.375, or any pullbacks
SL: 1.365
TP: Near 1.400

 

Commodities Market Highlights

Product: Commodity Index Fund
Name: WisdomTree Enhanced
Ticker: GCC
Exchange: NYSE

Analysis: Looking at the weekly charts for a change to see the long-term trends, I realise this has gone up 130% since the bottom, and is now at the top of the large trend channel.

I have closed about 1/3 of my long positions, and will continue to monitor to see if the uptrend ends.

 

Stock & Bond Market Highlights

Product: Bond ETF
Name: ishares 20+ Year Treasury Bond ETF
Ticker: TLT
Exchange: NASDAQ

Analysis: Looking at the long-term weekly chart of this bond ETF, it seems to be at a major support level.

Is it possible that the market has already fully priced in all potential future rate increases for this cycle?

Not starting to buy yet, just giving a heads-up while keeping an eye on it.

 

Product: US Stock Index
Name: NASDAQ 100
Ticker: US100
Exchange: N/A

Analysis: Following up on the Nasdaq, prices have finally hit our TP! ????

With prices making new lows, it is likely the downtrend will continue.

The next major support is around 12400, let’s see how prices react once it gets there.

 

Crypto Market Highlights

Closing some of my hedges (taking profit) for BTC and ETH! ????

 

 

Click here to receive all these signals in real-time for only $67 a month! You will get 5-10 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!

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