Weekly Market Wrap: The Bears are Back in Full force!
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After the rate hike last week, and the continued hawkish tone of the Fed, the market bears are now back in full force!
As we mentioned in our video last week, the long-term trend is still bearish, so the short-term rebound of the market was an excellent shorting opportunity.
And those shorts have paid off, when markets plunged after the FOMC, and all shorts are deeply in the money now. If the markets continue to fall, this could end up being our most profitable month this year!
Next week, the strategy largely remains the same, which is to accumulate more short positions on any pullbacks.
Stay tuned for more profitable trading opportunities in our Daily Trading Signals Telegram channel!
[Photo: Melbourne, Australia – 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 (17 September 2022)
? High CPI numbers bad for risk assets
? FOMC on 21 Sept – more rate hikes coming
? Long-term bearish for stocks, crypto, REITs, commods, etc
Weekly Portfolio Update
Weekly Portfolio Update (17 September 2022)
Currently bearish on stocks and REITs, accumulating short positions. Most of cash is held in USD since it is the strongest.
Forex & Commodities Market Highlights
AUDUSD Crossing 0.66701
Aussie vs. US Dollar
Break new lows!
USDSGD Crossing 1.41091
US Dollar vs SG Dollar
Break new highs!
USDSGD breaking new highs, which is why I have been advocating holding USD for the past few months. ????
Like I mentioned many times before, EURUSD is a good short on pullbacks.
US Dollar Index (DXY) poised to continue heading up, as markets eye the FOMC tonight.
Stock & Bond Market Highlights
U.S. investment-grade bond yields are the highest since 2009, at an average 5.14%. pic.twitter.com/XIuQELONAY
— Lisa Abramowicz (@lisaabramowicz1) September 19, 2022
Crypto Market Highlights
ETHUSD Crossing 1350.76
Ethereum
Break swing low
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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