Weekly Market Wrap: Markets Continue to Crash!

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With the market in risk-off mode and making new lows, it is a good thing our current largest positions are in cash and yield-farming, which is why our portfolio is still net positive even though most markets have dropped by 20-80% from the highs.

Recently, a lot of our currency trades have been very profitable, because the market started trending strongly, which makes it easy to ride and profit from these trends (as compared to the stock and crypto market which is more choppy).

At this point, I have quite a sizable short position in stocks, and I will close it only when I think the market has fallen enough. When that happens, I will take my profits and switch to going long. When will that happen? Stay tuned in my “daily trading signals”!

[Photo: Dublin, Ireland – See my full travel photo log!]

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?

Table of Contents

Forex Market Highlights

All the safe-haven assets are now at the top, showing that the market is in risk-off mode.

Product: Forex
Name: Aussie Dollar / Swiss Franc
Ticker: AUDCHF
Exchange: N/A

Analysis: Following up on this, the TP was hit, giving us a profit of about 230 pips! ????

Now, it looks like it is heading down, so there is a new shorting opportunity.

EP: Current price, or on pullbacks
SL: 0.6980
TP: 0.675, 0.660

Product: Forex
Name: US Dollar Index
Ticker: DXY
Exchange: N/A

Analysis: The USD continues to spike up, but such a pace of increase is not sustainable, so it should have a pullback soon, maybe when it hits the major resistance near $105.

Product: Forex
Name: Euro vs US Dollar
Ticker: EURUSD
Exchange: N/A

Analysis: Following up on this trade (weekly chart), our first TP has been hit, with 800+ pips profit! ????

Now, let’s see if it can break the support and reach the next TP.

EP: 1.13 to 1.15, or on pullbacks
SL: 1.16
TP: 1.055, 0.920

Product: Forex
Name: New Zealand Dollar vs US Dollar
Ticker: NZDUSD
Exchange: N/A

Analysis: Following up on this pair, it has exceeded our expectations and went past our TP, clocking 500+ pips profit! ????

Now, the move looks a bit oversold, so I would expect a pullback/rebound first even if it continues going down later.

EP: 0.687 to 0.690
SL: 0.700
TP: 0.665

Stock & Bond Market Highlights

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

Analysis: After a small rebound, prices look ready to break new lows again.

Prices have only declined about 24% so far, so there is still a lot more room for a stock market crash if it happens.

Although the NASDAQ 100 and Ethereum have been quite correlated so far, I am hoping that the correlation will break at some point. (Because I am bullish on Ethereum.)

EP: Current price, or on pullbacks
SL: $13,635
TP: $12,400, $11,000

Crypto Market Highlights

Product: Cryptocurrency
Name: Ethereum
Ticker: ETHUSD
Exchange: N/A

Analysis: Following up, Ethereum has finally reached the bottom of the trend channel (after a 25% decline), and is testing the bullish trendline.

This looks like a good low-risk area to take a long position (or add more long positions).

EP: Current price, or on pullbacks
SL: $2680
TP: $3700

The sale of nonfungible tokens, or NFTs, fell to a daily average of about 19,000 this week, a 92% decline from a peak of about 225,000 in September, according to the data website NonFungible.

The number of active wallets in the NFT market fell 88% to about 14,000 last week from a high of 119,000 in November. NFTs are bitcoin-like digital tokens that act like a certificate of ownership that live on a blockchain.

Rising interest rates have crushed risky bets across the financial markets—and NFTs are among the most speculative.

https://www.wsj.com/articles/nft-sales-are-flatlining-11651552616

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!