Last week, the Fed mentioned that they will be slowing down the interest rate hikes, and the market reacted positively to this news.

This was a bit different from what I was expecting, but the rule of trading is to go with the flow of the market and trade according, which means that if my positions are on the wrong side, I am ready to close them and switch sides.

As I mentioned in last week’s video, in such choppy markets, we should not be taking large positions, instead we should be saving most of our ammunition for when the trend becomes clear.

If the Fed decides to slow the rate hikes, this could hint that the market has already bottomed, but on the other hand, even keeping rates at current elevated levels for a year could trigger a recession, so which is the more likely outcome for the stock market?

I will be covering that in this week’s market outlook video, as well as the direction for all major asset classes.

Stay tuned, and see you in our Daily Trading Signals private Telegram channel!

[Photo: Antalya, 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 (27 November 2022)

NFP is this Friday, so all eyes on this data. Strong jobs might actually be bad for the market.

Unrest in China is another bearish factor for global markets.

Either stay flat, or take small short positions.

Portfolio Highlights

Weekly Portfolio Updates (27 November 2022)

Added more US T-bills to my portfolio, since the markets are quite flat, and yields are above 4.5%.

Forex & Commodities Market Highlights

Following up on the EURCAD, if there is follow-through on today’s strong white bar, there is a good chance of prices continuing higher.

AUDJPY Crossing 91.797
Euro vs Japanese Yen
Break swing low

EURAUD Crossing 1.55769
Break swing highs!

Stock & Bond Market Highlights

The NASDAQ 100 (US100) still hovering at resistance, but get ready to short once it breaks the red level.

Finally the action is starting on the NASDAQ 100 (US100), after breaking back into the range.

Added on more short positions, but still not going all-in yet because of NFP this Friday.

This is the final monthly employment report before the Fed’s two-day meeting on Dec. 13 and 14, in which the central bank is expected to raise its fed funds target rate by a half percentage point. A 50 basis point increase would mark a slowing from the prior 75 basis point rate hikes set by the central bank.

https://www.cnbc.com/2022/12/01/stock-market-futures-open-to-close-news.html

https://awealthofcommonsense.com/2022/11/the-sp-500-is-not-the-economy/

https://www.cnbc.com/2022/11/30/fed-chair-jerome-powell-says-smaller-rate-hikes-could-come-in-december.html

Crypto Market Highlights

Bitcoin (BTCUSD) still looking bearish, with prices forming a small bear flag after breaking new lows.

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!

Spencer Li

Spencer is an avid globetrotter who achieved financial freedom in his 20s, while trading & teaching across 70+ countries. As a former professional trader in private equity and proprietary funds, he has over 15 years of market experience, and has been featured on more than 20 occasions in the media.

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!

Spencer Li

Spencer is an avid globetrotter who achieved financial freedom in his 20s, while trading & teaching across 70+ countries. As a former professional trader in private equity and proprietary funds, he has over 15 years of market experience, and has been featured on more than 20 occasions in the media.