Weekly Market Wrap: Is the Market Oversold?
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After the large sell-off last week in stocks and crypto, it won’t be surprising if we see a short-tern rebound the upcoming week.
Overall, the long-term trend is still bearish.
The key figure to watch is still inflation, and how aggressively the Fed will hike rates on 21 September.
Many of short trades have hit TP1 or TP2, so it was a good idea to take profits before the rebound happened.
Now, we can either trade the short-term momentum, or just stand aside and wait for the long-term bear trend to resume before taking new short positions.
I have placed all the triggers and trade alerts in my “Daily Trading Signals”, so you will know when it happens. Stay tuned!
[Photo: Siem Reap, Cambodia – 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 (02 September 2022)
? FOMC on 21 Sept – more rate hikes coming
? Bullish for USD
? Bearish for stocks, crypto, REITs, commods, etc
Weekly Portfolio Update
Weekly Portfolio Update (02 September 2022)
Recession Results: How investment categories perform going into a recession, and during it.
https://www.wsj.com/articles/recessions-investments-best-worst-performers-11662061934
Forex & Commodities Market Highlights
Holding about 75% of my assets in USD at the moment.
As mentioned in our last video, the CHFJPY finally broke out to new highs. Congrats!
The Dollar Index (DXY) continues to make new highs!
Stock & Bond Market Highlights
https://www.wsj.com/articles/global-stocks-markets-dow-update-09-08-2022-11662636970
Crypto Market Highlights
Following up on Ethereum (ETHUSD), it has formed a bearish pinbar near both the EMAs, making it a good shorting opportunity.
I might not have internet for the next few days, but I will be taking this short and placing a stoploss.
All the best!
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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