Last week, the markets were pretty quiet, after the sharp rebound in the previous weeks.

It seems like the rebound has run out of steam, and there is no major news to influence the direction of the market either way.

The direction might only be clearer after the next major news announcement (NFP, CPI, FOMC), so it is best not to take any large bets in the meantime.

That said, on the forex and crypto front, there were many good swing trading opportunities.

There is a good chance that price might break out next week, so I have placed price triggers to alert me (and all my subscribers) the moment any breakout happens.

Stay tuned in our Daily Trading Signals private Telegram channel!

 

[Photo: Cappadocia, Turkey – 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?

 

Weekly Market Outlook Video

Weekly Market Outlook (20 November 2022)

Best trades this week are shorting crypto and going long on USD rebound.

Stocks have been flat almost 2 weeks, so I have placed price alerts for when it breaks out of either side.

 

Portfolio Highlights

Weekly Portfolio Updates (20 November 2022)

Bought some long-term fixed income (TLT), and more short-term fixed income (T-bills).

 

Forex & Commodities Market Highlights

Following up on EURCAD, there was a perfect long pullback opportunity as we mentioned, and prices have started heading up.

Will continue to add longs on any pullback, or pullbacks on a smaller timeframe.

 

Very strong price action for NZDUSD, after breaking out of the bearish price channel.

If it can break and stay above the 200-EMA, good chances of prices making new highs.

 

With the USD weakening, we see a nice bear flag forming on the USDJPY, which will likely take prices lower to the next major support level, which coincides with the 200-EMA.

 

Gold (XAUUSD) rebounding off strong support, with 2 major resistance levels ahead that can serve as targets.

 

Stock & Bond Market Highlights

Following up on the NASDAQ 100 (US100), it is forming a small bull flag.

Currently, the price action looks bullish, so I would either stay out or take a short-term long position.

If it breaks below the price alert set at 11500, then I will look to short.

S&P500: Morgan Stanley YE 2023 Price Targets

Once inflation breaks above 8%, they find, “reverting to 3% usually takes 6 to 20 years, with a median of over 10 years.”

Only 30% of the time in the past 52 years has inflation peaked between 8% and 10% and then gone back down. In the other 70% of the time, once it’s made it over 8% it had risen above 10%.

https://www.marketwatch.com/story/history-says-inflation-could-persist-for-a-decade-11668642697

 

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

While we saw some strong rebound in the markets due to lower inflation numbers (and hope of a pivot), I feel it is only a matter of time before the relief rally runs out of steam.

The recent news headlines do not seem bullish:

• UK officially entering a recession
• Japan seeing the highest inflation in 40 years
• Many tech companies laying off large numbers of staff
• US retail sales higher than expected (sign of inflation not coming down)
• US initial jobless claims decreasing

Hence, the chance of a Fed pivot seems unlikely at this point.

However, the market is always right, so I will still trade based on the price action as it unfolds.

I have placed price triggers at various critical levels, so we will receive the alerts once the opportunity arises.

Join us in our Daily Trading Signals Telegram channel to receive these real-time alerts!

 

[Photo: Chong-Kemin Valley, Kyrgyzstan – 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?

 

Weekly Market Outlook Video

Weekly Market Outlook (13 November 2022)

After the CPI showed slowing inflation, the stock markets shot up drastically, but this does not necessarily mean a reversal of the long-term trend.

2 ways to trade this market:

1. Wait for short-term momentum to weaken and run into strong S/R levels, then enter in the direction of the LT trend

2. Ride the short/medium-term momentum by entering on pullbacks on smaller timeframe

 

Portfolio Highlights

Weekly Portfolio Update (13 November 2022)

Not much changes.

 

Forex & Commodities Market Highlights

Very nice inverse H&S reversal for EURCAD, plus it broke the bear trendline at the same time.

Can look to go long on pullbacks.

 

USDSGD has dropped quite steeply the past few weeks, and might be somewhat oversold.

Even though it is in the middle of the wider range, and might drop all the way to the bottom of the range, we can still aim to trade the rebound (red rectangle), and then use a trailing stoploss.

 

Following up on USDSGD, we have seen 4 doji bars (with 1 being a bullish hammer), which suggest a slowing in the bearish momentum.

The RSI is also in the extreme oversold zone.

Odds of a rebound are high.

I would suggest taking a long position with a SL at around 1.36.

 

Stock & Bond Market Highlights

Critical zone here for the NASDAQ 100 (US100), whether it can muster enough strength for a larger move up, and break past the trendline.

 

To better illustrate what I meant by following the long-term trend, this is the weekly chart of the NASDAQ 100 (US100).

You can see that when prices go up or down, there will be moves against the main trend (red circles) that range from 15-25%.

The key is to wait patiently and find the optimal point (most reward and lowest risk) to enter the market and ride the long-term trend.

 

So far we have seen one shooting star (bearish pinbar) on the NASDAQ 100 (US100), when it tried to break above the trendline.

Now, it is at a crucial point because it is at the top of the LT bearish trendline, but the ST price action recently just broke above the small consolidation (yellow rectangle).

If prices fall back into the small consolidation (break the red line), then i would consider adding back my short positions.

 

Similar situation for the Global REITs ETF (REET) which is a benchmark for global real estate.

 

https://www.cnbc.com/2022/11/14/amazon-reportedly-plans-to-lay-off-about-10000-employees-starting-this-week.html

 

https://www.wsj.com/articles/the-inflation-cooldown-is-finally-here-11668097915

 

Crypto Market Highlights

https://www.coindesk.com/business/2022/11/12/ftx-crypto-wallets-see-mysterious-late-night-outflows-totalling-more-than-380m

 

 

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!