After a sharp collapse of the stocks and crypto market, last week saw a relief rebound.

I don’t think the bottom is in yet, but I decided to take profits on my short positions to wait for a better price to short again.

I am still holding a large cash position (in USD), which has been performing well relative to the SGD.

I think soon it will be exciting because once the bottom is in, we can start accumulating assets on the cheap which will have the potential to go up 2-3x in the next bull run.

Stay tuned for more updates in my “Daily Trading Signals” Telegram channel!

[Photo: Burj Khalifa, Dubai, UAE – 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?

Portfolio Highlights

Quick portfolio updates:

? Closed my shorts in stocks as I am expecting a short-term rebound, so that I can take profits first and short again at a better price.

? Also riding the short-term rebound in crypto, and will probably reduce positions or short once the rebound is over. But I will also monitor the price action carefully because this could be the bottom for crypto.

? The bulk of my holdings is still cash, because now is the time to play defensive.

Forex & Commodities Market Highlights

“The dollar has assumed the role of the global stagflation hedge with dollar cash being one of the few financial assets offering returns,” wrote Deutsche Bank currency strategist George Saravelos in a note to clients. Stagflation occurs when slow growth combines with rising prices.

https://www.wsj.com/articles/with-markets-in-disarray-international-investors-are-stockpiling-u-s-dollars-11655803800

Of the Fed’s previous 12 big tightening cycles since the 1950s, nine ended with a recession, official figures show.

The BOE has a better record, but roughly half of its rate-increase campaigns since the 1950s still ended with a U.K. recession.

https://www.wsj.com/articles/the-myth-of-the-central-bank-soft-landing-11655560980

Stock & Bond Market Highlights

Hang Seng Tech ETF (3067)

Seems like we are seeing a small rebound in the China stock market.

EP: current price
SL: $9.045
TP: $12.045

https://www.asiaone.com/world/how-would-us-recession-impact-singapore-malaysia-thailand-amid-surging-inflation

The good news is it typically takes much longer to reach 20% losses than the bottom, which makes sense when you consider not every bear market goes to the extremes.

The good news here is that 7 out of the last 12 bear markets have bottomed in 46 days or less once the 20% level was breached. And 5 out of the 12 were over in a month or less.

https://awealthofcommonsense.com/2022/06/how-long-does-it-take-for-stocks-to-bottom-in-a-bear-market/

Crypto Market Highlights

For those interested in bottom-picking for Ethereum (ETHUSD) for long-term investment, I have placed some alerts at $900, $800, $700, $600, $500 so that I can buy in at these levels. Good luck! ??

BTCUSD Crossing 19622.57
Bitcoin (Crypto token)
TP1 for short positions

ETHUSD Crossing 900.00
Ethereum (Crypto token)
Starting to accumulate at this level

Buying some BTC and ETH for a possible 15-20% rebound from these levels. This is a higher risk short-term counter trend trade, so remember to use a stoploss.

“High APYs, high returns — I don’t think they’re sustainable in the long run,” Zhao says. “New projects can give out these incentives to attract users, but only for a short time.”

“Longer term, DeFi projects can offer eight to 10 percent. They have a real business model, where they earn money from the trading fees which people pay.”

https://vulcanpost.com/792957/weathering-the-crypto-winter-binance-ceo-changpeng-zhao/

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.

After a tight consolidation the past 2 weeks, the stock and crypto markets finally broke down, and resumed the downtrend.

Hence, we have large short positions on stocks, and I only have a small position in crypto, after selling off most of my holdings.

The current strategy now is to stay in cash or stay short, until the crash is over, then start buying cautiously once there are reasonable signs of a market reversal.

Riding the big market trends means being able to actively rotate between different asset classes to maximise returns and minimise drawdowns.

[Photo: Lake Titicaca, Peru, Bolivia – 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?

Portfolio Highlights

Portfolio overview
? Bulk of holdings are cash and safe assets in yield-farming, because most markets are bearish now

? Started to buy some bonds since it has already dropped 35% from ATHs.

? Holding some crypto and commodities as possible inflation hedge, although crypto is more like a risk asset now.

? Largely short on equities, because the downtrend has resumed. Will start accumulating a positive position once the decline stops.

Forex & Commodities Market Highlights

https://www.wsj.com/articles/the-u-s-dollar-is-looking-a-bit-stretched-11654612600

Product: Forex
Name: US Dollar / SG Dollar
Ticker: USDSGD
Exchange: N/A

Analysis: Following up, although the last trade was stopped out, it now shows that the uptrend has resumed.

EP: 1.30, or on pullbacks
SL: 1.368
TP: 1.3969, 1.4394

Product: Commodities
Name: Gold (spot)
Ticker: XAUUSD
Exchange: N/A

Analysis: After some consolidation and whipsaw, it looks like Gold is back on track, now that the market is in risk-off mode.

EP: current price
SL: $1820
TP: $1905, $1990, $2060

Stock & Bond Market Highlights

Product: REIT ETF
Name: iShares Global REIT ETF
Ticker: REET
Exchange: NYSE

Analysis: Following up on this, it has just broken down on a bear flag, and hit TP1. ????

Will continue holding towards TP2.

EP: Current price, or on pullbacks
SL: $27.50
TP: $24.50, $23.50

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

Analysis: I was expecting another leg of rebound, but after multiple days of tight consolidation, momentum for the rebound stalled and prices continued downwards.

Now, we can expect it to test the next support.

EP: $12358, or on pullbacks
SL: $13000
TP1: $11546
TP2: $10995

Crypto Market Highlights

ETHUSD Crossing 1672.10
Break major support level
Likely to see another huge wave down in the MT/LT

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

Analysis: I thought there would be some rebound at this major support level, but there has been too much bearish news in the crypto market recently, and prices just broke a new 1-year low.

This does not bode well for crypto as prices could start another major leg down.

EP: Current price ($1672 based on above trigger)
SL: $1936
TP: $1437

TP for short positions
(Note: This was hit just 1-2 days after the signal!)

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.