Market analysis and insights on Forex & Commodities!

Recently, after the long run up in tech stocks, there has been some correction, leading to counter-trend moves in various counters.

We managed to spot and pre-empt many of these moves, using price action, patterns, and support/resistance levels.

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Market Overview

 

Trading Opportunities

Short trade on CHF/JPY

Short trade on GBP/USD

 

Short trade on GBP/USD

Short trade on S&P 500

 

 

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As various countries open their economies, notably China and the US, will it lead to a surge in new cases, and will it lead to further shutdowns?

And will the stock market be able to break new highs, or has it hit a major roadblock?

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Major Events

There were some major news last week, such as the negative Fed forecast, which caused a huge dip in the stock market.

Daily new coronavirus cases continue to climb globally, with new spikes in the US and fresh outbreak clusters in China.

 

Stock Markets

The stock market seems to have hit a roadblock, and is taking a pause while deciding which way to head next.

I highlighted the crucial levels to look for on the S&P 500.

Tech stocks are still going strong, and the big tech giants are breaking new highs.

Weekly Trade Highlights

Here are some snippets from the daily trades in our private Telegram chat group for graduates of the “Trading Mastery Program”.

If you are interested to join our closely-knit community and start profiting daily from the market, click here: https://synapsetrading.com/the-synapse-program/

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By this time, most people are also starting to believe in the V-shape recovery, and the Nasdaq has already fully recovered from the crisis, surpassing its highs before the Covid crash.

Will the tech stocks be able to lift the rest of the market to new highs, or will the general market drag down the tech giants as the reality of the economy kicks in?

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Market Overview

Last month, the USD was very strong, while the AUD was one of the weakest, however this month we have started to see a twist of events, where the AUDCAD is in a strong bull, while the USD/CHF is in a strong bear.

Gold has declined slightly, putting it in weak bear territory.

Nasdaq (NASUSD) remains the strongest stock market, whereas Hang Seng (H33HKD) remains the weakest.

Major Events

The biggest news of the week is probably the awesome jobs data from the US, although there was some classification error.

 

Stock Markets

The stock markets continued to rise, and as I posted in the case study below, since the tech stocks have gone up so much relative to the rest of the market, I was expecting the rest of the market to play catch up, and on Friday we saw the Dow Jones & S&P 500 outperforming the Nasdaq as anticipated.

 

Weekly Trade Highlights

Here are some highlights and case studies of trades done on forex, commodities and CFD products, also taken from our private forum.

See more case studies: https://synapsetrading.com/trading-guides/case-studies/

 

The first is a trade we did on the USD/CAD, as it broke down from a descending triangle.

 

Next, we also had a good run on Crude Oil, riding on the surge in prices as economies reopened.

 

Trading Insights

 

 

Join our Last & Final Skillsfuture Workshop!

2 weekends ago, we conducted another full-house Skillsfuture workshop, with 40 pax of new traders & investors, as well as some of my past students who sat in to help out.

So far, every intake has been a full house, which is why we expanded to 3 workshops instead of 1 originally planned, because of the overflow. But our license expires on 18 June, so this is the last and final workshop which we can hold.

This fully subsidised Skillsfuture workshop will give you the skills and roadmap to build a second source of income to plan for early financial freedom, by building an all-weather portfolio that can perform well in any market conditions, and also market timing skills to create additional cashflow from short/medium-term trades.

Date: 13 & 14 June 2020 (6pm to 10pm)

Click here to check availability:
🔥 https://wp.me/P1riws-8OX

💰 First-come, first-serve!
🍻 See you soon! 😄

Some people have been thinking that nothing can bring the stock market down, because it has been steadily chugging up despite all the negative news of virus, lockdowns, unemployment, trade wars, and now riots.

So can the market continue to climb up forever? What will it take to actually bring the market down?

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Market Overview

The strong bullish trending markets are Gold (XAU/USD), Nasdaq (NASUSD), and the US 10-year T-Note Futures (TNOTEUSD), which have been trending for quite a while, and our positions there have remained largely unchanged.

The most bearish market is the Hang Seng (H33HKD), which is not surprisingly since China is planning to enact more stringent national security laws, which will likely negatively impact Hong Kong’s financial markets.

 

Major Events

This has been a very eventful year so far, with the virus outbreaks, quarantines, job market crashing, and now the slow re-opening of the economy.

Amidst all that, the amazing thing is that the stock market is recovering much faster than the economy.

And now, tensions between US and China are stepping up, with China’s latest actions on HK and corresponding US retaliation, adding to the accusations of China covering up the virus at the start of the outbreak.

And in the US, we are seeing riots and looting, after a white cop killed a black guy in broad daylight during arrest.

 

US Stock Markets

The US stock market, especially the NASDAQ, has been on steroids, thanks to the dominance of tech stocks.

In my private forum with my students, I shared a detailed analysis of the S&P 500.

 

Weekly Trade Highlights

Here are some highlights and case studies of trades done on forex, commodities and CFD products, also taken from our private forum.

Join our Last & Final Skillsfuture Workshop!

Last weekend, we conducted another full-house Skillsfuture workshop, with 40 pax of new traders & investors, as well as some of my past students who sat in to help out.

So far, every intake has been a full house, which is why we expanded to 3 workshops instead of 1 originally planned, because of the overflow. But our license expires on 18 June, so this is the last and final workshop which we can hold.

This fully subsidised Skillsfuture workshop will give you the skills and roadmap to build a second source of income to plan for early financial freedom, by building an all-weather portfolio that can perform well in any market conditions, and also market timing skills to create additional cashflow from short/medium-term trades.

Date: 13 & 14 June 2020 (6pm to 10pm)

Click here to check availability:
🔥 https://wp.me/P1riws-8OX

P.S. According to Skillsfuture regulations, the maximum intake is capped at 40 slots, so we will not be able to add new slots once all are filled up. Register early to avoid disappointment!

P.P.S. Your slot is only confirmed after you have completed payment, submitted your claims, and forwarded the confirmation screenshot to the organiser. If you did not complete the last step, your slot is still up for grabs to the next person who completes it.

💰 First-come, first-serve!
🍻 See you soon! 😄

Now that the S&P 500 is at the crucial 200-day moving average level, will it be able to break though and make new highs?

What are some of the bullish and bearish catalysts for the stock market going forward?

Also, check out our Telegram poll (800+ votes) to see which direction people expect the market to go in the next 6 months.

Join our FREE Telegram channel for daily trading tips:
👉🏻 https://t.me/synapsetrading

 

Market Overview

There are only a few products that are trending strongly, while most markets are in a sideways range.

This means that we should be expecting to take shorter trades (lower RR), or go down to smaller timeframes to pinpoint entries and exits.

 

The 200-Day Moving Average

Traditionally, the 200-day moving average serves as a good gauge of the market’s long-term trend.

If prices are above the 200-day moving average, then it is bullish, and if prices are below the 200-day moving average, then it is bearish.

Now, we see the S&P 500 poised exactly at the 200-day moving average.

Will it be able to clear the hurdle?

New Highs or New Lows?

Recently, I did a market poll on my Telegram channel (check it out if you want to take part, or see the latest results), and the results are as follows:

Interestingly, about 40% are bullish, compared to 30% who are bearish, but the difference is not much.

And if you look at it another way, about 60% think that the market won’t be making new highs (new lows or sideways).

Here are some bullish and bearish catalysts I could think of:

 

Tensions Between HK, USA & China

One major issue that could dictate market movements in the coming weeks is new national security laws which China plans to impose on HK, and how the US is going to react.

Relations between the US and China are already strained because of trade and the Covid virus, and this could become a proxy battle.

Join our Last 2 Skillsfuture Workshops!

Last weekend, we conducted another full-house Skillsfuture workshop, with 40 pax of new traders & investors, as well as some of my past students who sat in to help out.

There were so many sign-ups that we had to turn some people away, and ask them to join the next intake on 30 & 31 May. Although the next class is still 2 weeks away, it is already almost full, so before my license expires on 18 June, I will open one final class on 13 & 14 June to accommodate this influx of demand.

This fully subsidised Skillsfuture workshop will give you the skills and roadmap to build a second source of income to plan for early financial freedom, by building an all-weather portfolio that can perform well in any market conditions, and also market timing skills to create additional cashflow from short/medium-term trades.

Dates:
30 & 31 May 2020 (6pm to 10pm)
13 & 14 June 2020 (6pm to 10pm)

Click here to check availability:
🔥 https://wp.me/P1riws-8OX

P.S. According to Skillsfuture regulations, the maximum intake is capped at 40 slots, so we will not be able to add new slots once all are filled up. Register early to avoid disappointment!

P.P.S. Your slot is only confirmed after you have completed payment and submitted the confirmation to the organiser. If you registered but did not complete payment & submission, your slot is still up for grabs to the next person who completes it.

💰 First-come, first-serve!
🍻 See you soon! 😄