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!

We had 2 major pieces of new last week, which was the FOMC and the NFP.

The FOMC hiked rates by 0.75%, which was in line with expectations, but they also maintained the hardline stance of aggressively increasing rates till inflation is tamed, and would rather overshoot than undershoot, because (they think) they can remedy by cutting rates if a recession happens.

The NFP data showed that although jobs increased, it seems to be reaching a gradual turning point, which suggested that the rate hikes are working to reverse the trend.

As mentioned in last week’s video, I expect the bearish trend to resume soon, with new lows perhaps as early as next week.

Besides the short position on stocks, there is also something which we have been accumulating steadily, and is now deeply in the money, with lots more room to continue going up.

What do you think this is?

Find out in our Daily Trading Signals private Telegram channel!

 

[Photo: Jokulsarlon Glacier Lagoon, Iceland – 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 (31 October 2022)
? 2 Nov: FOMC interest-rate decision
? 4 Nov: October NFP jobs report
? 8 Nov: mid-term elections
? 10 Nov: CPI (inflation data)

 

Portfolio Highlights

Weekly Portfolio Update (31 October 2022)

Increased fixed income (bonds) allocation slightly, went net positive on crypto allocation.

 

Forex & Commodities Market Highlights

Comparison of all major forex pairs YTD

(Note that I have put the USD as the numerator for all pairs to enable easy comparison.)

USD is the strongest currency, followed by SGD, CAD and CHF.

JPY is the weakest currency by a large margin.

 

The AUDNZD has traded in a wide range for many years. Recently, it tried to break out of the range but failed and went back down.

It might head back to test the bottom of the range, so we can look to short on pullbacks.

 

AUDUSD is having a bullish rebound, you can either take a short-term trade to the red zone, or wait for price to reach there for a shorting opportunity.

 

Entry zone for long positions on the US Dollar Index (DXY), with a SL below.

 

EURUSD is consolidating near the major 1.000 level, which is now resistance. The red zone would be a good shorting opportunity, with a SL around 1.0100.

 

After yesterday’s FOMC, where we saw the USDSGD spike down, but shortly after recovered and went back up.

As mentioned in the last video, that’s a strong sign that the price action remains bullish, and will likely test new highs.

 

Stock & Bond Market Highlights

Comparison of all major markets YTD

Most markets are down for the year, the only 2 which are positive are the US Dollar Index (DXY) and the general Commodity Index (GCC).

 

Climatic selling on China tech stocks (3067) suggests a possible rebound, which would bring prices back to test the prior resistance.

 

The NASDAQ 100 (US100) is coming back down after the Fed signalled that they will continue with future rate hikes.

 

New sentence in the FOMC statement signals more increases but hints at possibly smaller increments.

 

ON EVERY SINGLE FOMC RATE HIKE SO FAR THIS YEAR MARKETS HAVE DUMPED AT 2:00 PM EST WHEN THE RATE HIKE CAME OUT AND RALLIED AT 2:30 EST WEHEN POWELL SPOKE $SPY $SPX pic.twitter.com/qK2jIRhcWZ

— GURGAVIN (@gurgavin) November 1, 2022

 

 

Apple plans a hiring freeze that will extend until the middle of next year. And with that all of big tech (FAAMNG) has either had layoffs or implemented a hiring freeze.

I haven’t seen a job market look this bad for college grads in my entire career.https://t.co/twoYoMqOZF

— Dare Obasanjo ? (@Carnage4Life) November 3, 2022

 

Crypto Market Highlights

Bull flag forming on Ethereum (ETHUSD) on smaller timeframe. Taking a small long position to see how it goes. Can put a SL around $1450 area.

 

 

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!