Blog: Market Analysis

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.

Forex Market Highlights

Product: Forex
Name: Aussie Dollar / Canadian Dollar
Ticker: AUDCAD
Exchange: N/A

Analysis: Not the best of trades, because the long-term trend is bearish, but the failed downside breakout might give a strong short-term counter-trend move.

EP: 0.8989 to 0.9000
SL: 0.8935
TP: 0.9200

Product: Forex
Name: Swiss Franc / Japanese Yen
Ticker: CHFJPY
Exchange: N/A

Analysis: Low-risk trend channel trade with price pulling back to the bottom of the channel.

EP: 124 to 125
SL: 123.50
TP: 127 to 128

Product: Forex
Name: British Pound / Aussie Dollar
Ticker: GBPAUD
Exchange: N/A

Analysis: Failed to cross resistance at top of the range, may test the bottom of the range again.

EP: 1.92 to 1.895, or any pullbacks
SL: 1.9233
TP: 1.8577 to 1.82

Product: Forex
Name: US Dollar / Swiss Franc
Ticker: USDCHF
Exchange: N/A

Analysis: Buying low and selling high within a trading range.

EP: 0.930 to 0.935, or any pullbacks
SL: 0.938
TP: 0.910 to 0.902

Stock Market Highlights

Following up on the NASDAQ 100 (US 100), it is nearing a crucial point in the market.

While i have closed all my shorts for this (and made a decent amount) and even bought more tech stocks this week, I do think that the market is still bearish long-term.

Hence I am looking at potential areas to short again, either within the yellow zone, or near the previous highs.

Will post again when price reaches the yellow zone.

Speculation on the NASDAQ 100 (US 1000) possible paths. I currently do not have any positions in this.

Product: US Stock ETF
Name: ARK Innovation ETF
Ticker: ARKK
Exchange: NYSE

Analysis: If you look at the red arrows, the move down both times are exactly the same. After falling about 60% from ATHs, it might be time for a bounce. Can also buy for long-term investment.

EP: $60 to $70, or on pullbacks
SL: $57 for trading, N/A for investment
TP: $90 to $100+++

Product: US Stocks
Name: Coca-Cola
Ticker: KO
Exchange: NYSE

Analysis: Surprisingly this counter has barely any correction during the recent market correction. If it breaks a new high, it could continue its uptrend.

EP: $60 to $61.50
SL: $59.50
TP: $64++

Meta Platforms (FB) gapping down 26% after poor earnings, and breaking previous swing lows.

Crypto Market Highlights

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

Analysis: After correcting more than 50% from its ATHs, we can try to do a bit of bottom-picking. This is somewhat of a higher risk trade, so take a smaller position size. Also suitable for people looking to accumulate some for long-term investment.

EP: 2000 to 2300
SL: 1900
TP: 4000+

Following up on Ethereum (ETHUSD), it is up more than 20% since we picked almost the exact bottom! ????

Overall, we were wrong on our Bitcoin analysis, but correct on Ethereum and Luna.

Product: Cryptocurrency
Name: Terra Luna
Ticker: LUNA
Exchange: N/A

Analysis: After dropping almost 60%, it might be possible for a rebound or resumption of trend.

EP: $44 to $55
SL: $42.5
TP: $66+++

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

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.

Weekly Market Wrap: Good Chance to Start Buying High Growth Tech Stocks!

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.

Forex Market Highlights

Following up on USDSGD, it has fallen to the bottom of the channel as predicted, so this would be a good time to take profits on the short positions. ????

Can start looking for a pullback opportunity to go long instead.

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

Analysis: Following up from the last analysis, it has started to move up from the bottom of the range.

EP: 1.34 to 1.35, or any pullbacks
SL: 1.3376
TP: 1.3650 to 1.3731

Following up on NZDCAD, it has played out exactly as predicted, including the pullback which gave us a good entry price.

Now that we are 200+ pips in profit, we can consider taking half profits and using the trailing stoploss for the rest. ????

Stock Market Highlights

Following up on Crocs (CROX), it has dropped 25% since our short call. Congrats! ????

Following up on Advanced Micro Devices (AMD), it has dropped 22% and hit our TP zone. Congrats! ????

Product: US Stock ETF
Name: ARK Genomic Revolution ETF
Ticker: ARKG
Exchange: NYSE

Analysis: This is a long-term investment idea, to accumulate cheap assets that have fallen a lot. Be prepared to hold for years.

EP: $33 to $44
SL: N/A
TP: $60+++

Following up on the NASDAQ 100 (US100), it has continued to fall, together with the general stock market.

It is a good thing we spotted the change in trend early, to switch our positions to short.

This looks more serious since it has now fallen below the 200-EMA.

Following up on the NASDAQ 100 (US 100), the market is highly volatile with large swings up and down, making it hard to trade at this moment.

While waiting for it to stabilise, I have plotted out several trajectories which price might take in the future.

Following up on Nvidia (NVDA), it has clocked about +25% profit since our entry, so this might be a good place to take profits and wait for a pullback. ????

Following up on Snap (SNAP), it has plunged an incredible 41% since our short call. Ka-ching! ????

With the recent crash of the stock market, especially high growth tech stocks, it is possible that high growth tech might be oversold relative to the rest of the market. I have started to accumulated some for my long-term portfolio, while shorting the NASDAQ 100 to act as a hedge.

The key is to look for good stocks that have fallen by 60-70%, if you plan to buy them for investment, or keep an eye on those which are still falling.

Here are some counters I am monitoring, and I will be posting individual charts/analysis of them when the time is right. Some I have already highlighted a few times, such as … and … .

For individual counters, we can look at … .

Crypto Market Highlights

Following up on Axie Infinity (AXS), it is down about 46% since our short call. Congrats! ????

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

EP: 2000 to 2300
SL: 1900
TP: 4000+

Product: Cryptocurrency
Name: Bitcoin
Ticker: BTCUSD
Exchange: N/A

Analysis: The past few days have seen muted price action, with small bars and long shadows, signifying uncertainty.

Since the trend is currently bearish, if there are no positive catalysts, price much continue to fall again.

Prices are near the top of the trend channel, so this might be a good low-risk shorting opportunity.

EP: $37288 to $39158
SL: $39820
TP: $33977 to $30275

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

Weekly Market Wrap: Cashing in on Short Positions!

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.

Forex Market Highlights

Following up on USDSGD, it has fallen to the bottom of the channel as predicted, so this would be a good time to take profits on the short positions. ????

Can start looking for a pullback opportunity to go long instead.

Following up on AUDCAD, it has reached the bottom of the range, hitting our TP for +200 pips profit! ????

Following up on Crude Oil, since our first buy call, we are now up more than +25% in profits! ????

Can consider taking some profits, since prices are very near ATHs.

Product: Forex
Name: Euro / British Pound
Ticker: EURGBP
Exchange: N/A

Analysis: Strong downtrend, look to short on pullbacks till next support level.

EP: 0.8315 to 0.8360
SL: 0.8400
TP: 0.8200 to 0.8100

Product: Forex
Name: NZ Dollar / Swiss Franc
Ticker: NZDCHF
Exchange: N/A

Analysis: Potential small rectangle breakout, can look for low-risk pullbacks.

EP: 0.6170 to 0.6215
SL: 0.6250
TP: 0.6000 to 0.6050

Stock Market Highlights

Following up on the NASDAQ, the first part of the prediction has come true, and prices have tested the previous swing low.

Now, if the uptrend wants to continue, it will need to close back up within the trendline asap.

The longer prices stay below the broken trendline, the higher the chances of a bearish reversal, and the more short positions I will be accumulating.

NASDAQ (US100) moving as planned, and my short positions are deeply in the money now. ????

Following up on Shopify (SHOP), it has dropped quite a bit, and looks to be heading lower. Congrats to those who followed took the trade! ????

Following up on Ford Motors (FORD), this stock has gone up a whooping 25% while the rest of the market was bearish!

Congrats to those who followed! ????

Following up on Netflix (NFLX), we got a windfall profit of 33.33% over 2 weeks! ????

Product: US Stock
Name: Crocs
Ticker: CROX
Exchange: NASDAQ

Analysis: Bearish trend after breaking neckline. Look to short on pullbacks.

EP: $110 to $130
SL: $140
TP: $80 to $90

Crypto Market Highlights

After a small rebound from support, Ethereum (ETH) is now at a precarious zone near the confluence of EMAs acting as resistance.

At this point, I would recommend either staying out or taking a small short position.

Following up on Ethereum (ETH) and most of the crypto market, prices have started falling and I have been slowly adding more short positions. There is a good chance of it breaking the previous swing low.

Congrats to those who shorted crypto with us this weekend. Looking at the chart of Ethereum (ETH), I have taken half profits, and I’m waiting for a pullback to short again, or a reversal to switch to long.

Following up on Solana (SOL), it is still hovering around the resistance level, unable to make new highs. Not looking good.

Not looking good for Axie Infinity (AXS).

Off to a great start this weekend with all our short positions, congrats to those who have been following my crypto analysis! ???? Will be posting some charts later on.

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

Weekly Market Wrap: Time for a Stock Market Reversal?

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.

Forex Market Highlights

Current snapshot of forex and commodities.

CHFJPY – pullback to support level

EURCHF – this looks like the potential start of a new trend, best to wait for a pullback for a low-risk entry.

Following up on GBPUSD, it has hit the profit target at the top of the channel, good time to take profits, and wait to see how price reacts upon hitting the channel line. Ka-ching! ????

Following up on NZDUSD, it has started to move up as predicted. Continue to hold for more profits. ????

Stock Market Highlights

Once again, the trend channel of the NASDAQ has acted as support for price movements.

After breaking the trendline earlier in the day, we saw it recover and close back above the trendline by the end of the day.

However, I will be a bit weary of going long, because:

1. The short-term price action is still very much bearish, so it might be better to wait for a mini double-bottom of sorts

2. The market breadth for yesterday shows that 385 stocks made new lows while only 151 stocks made new highs.

At this point for the NASDAQ, the market seems to have found support at the trendline, but fundamentals and market breadth are not very bullish.

My strategy remains the same – buying those stocks/ETFs which have already fallen a lot, while swing trading medium-term price movements.

Following up on the NASDAQ, it will be crucial to see what happens here.

Though the trend is not that obvious for Visa (V), overall it is tending more towards the bearish/sideways direction.

One of the tech giants, Amazon (AMZN). It has been a while since it tested/broke the major trendline.

Keep watch for the next few bars within the highlighted zone.

Following up on Snowflake (SNOW), it has hit our TP, so we will now wait to see if it rebounds for another short opportunity. Congrats! ????

Crypto Market Highlights

After falling about 40% from ATHs, we can except some kind of rebound on Bitcoin (BTC).

Cosmos (ATOM) might be breaking new ATHs soon.

Fantom (FTM) also looking to break new highs.

NEAR Protocol (NEAR) breaking to new highs.

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

Weekly Market Wrap: Starting the Year with a Bloodbath!

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.

Forex Market Highlights

Range trading for AUDCAD

Range trading for CADCHF

GBPNZD has hit the top of the trading range, so now we can close our long trade and we wait to see if a short trade triggers.

Following up on GBPUSD, it is almost reaching the profit target at the top of the channel. ????

Range trading for USDCAD

Stock Market Highlights

While the US markets (S&P 500) continues to make new highs, the number of net highs (total number of stocks on the exchange making new highs vs lows) seems to be dwindling.

This is a worrying sign that the market is only boosted by a handful of large counters.

At this stage, I will remain bullish, but I will reduce my position size.

Although Apple (AAPL) broke new highs, it still feels kind of toppish. Wait for confirmation to short if price breaks a new swing low.

Following up on Apple (AAPL), it has fallen back into the channel as predicted, and triggered a short trade.

As one of the biggest stocks in the market, it could potentially drag down the whole market.

Berkshire Hathaway (BRK) is surprisingly bullish in recent months, after a prolonged sideways move for many months last year.

Following up on China tech stocks (3067), they have hit new lows as predicted. at the moment, there doesn’t seem to be any end in sight.

Crypto Market Highlights

Following up on Bitcoin (BTC) and Ethereum (ETH), the sell-off has continued as predicted, so now is not the time to start accumulating yet.

Continue holding those short positions for more profits until the time is right. ????

Strong momentum on Terra (LUNA), possible to test and break new highs.

Terra (LUNA) has also turned bearish.

Nice bull flag breakout on Fantom (FTM)

Following up on Fantom (FTM), it is now up +40% profit from our 2nd buy call. Congrats! ????

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