Weekly Market Wrap: Inflation Continues to Plague Markets!
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With inflation continuing to plague markets, based on the most recent CPI numbers, the Fed is most likely going to continue hiking interest rates, which is bearish for the markets.
In my last weekly market outlook video, I mentioned that the long-term trend is still bearish, and we should either by waiting to short, or short-term trading positions if going long (to ride the bullish momentum early last week).
Now that the market bears are back in full force, we have started to initiate short positions, and I expect to be adding more short positions on pullbacks as prices continue to fall.
Stay tuned for more updates in our “Daily Trading Signals” Telegram channel!
[Photo: Kutna Hora, Czech Republic – 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.
Table of Contents
Weekly Market Outlook Video
Weekly Market Outlook (12 September 2022)
? FOMC on 21 Sept – more rate hikes coming
? Ethereum merge in a few days
? Long-term bearish for stocks, crypto, REITs, commods, etc
? Short-term bullishness (swing trading opportunities)
Weekly Portfolio Update
Weekly Portfolio Update (12 September 2022)
Not having much positions now as I am overseas, and the market direction is not very clear yet.
Forex & Commodities Market Highlights
AUDUSD Crossing 0.69137
Aussie vs. US Dollar
Break swing high
NZDCHF Crossing 0.58200
NZ Dollar vs. Swiss France
TP1 for short positions
Inflation is STILL rising.
8.3% CPI even with a 10.6% decline in the gas index.
And winter is coming. pic.twitter.com/S7xicZ6eop
— Ryan Selkis ? (@twobitidiot) September 13, 2022
Stock & Bond Market Highlights
Stock indices (S&P 500 and NASDAQ 100) are still in a long-term bear trend, but short-term bullishness provides swing trading opportunities.
Use a smaller timeframe to enter on pullbacks, with a tight stoploss.
https://www.wsj.com/articles/global-stocks-markets-dow-update-09-14-2022-11663139340
Crypto Market Highlights
As the merge approaches (in about 3 days), watch out for the critical zone for Ethereum (ETHUSD) to see if the downtrend resumes after the merge.
Good luck, and may next week bring more excellent profits!
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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.
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