Weekly Market Wrap: Is the Recent Rally a Bull Trap?

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The last 1-2 weeks, we have seen sizable rallies (20-40%) in various market like stocks, crypto, etc. Does this mean the bear market is over?

It is actually quite common to see such large rallies during a bear market, but personally I won’t be going too aggressive since it could just be in the middle of a bear market.

The better approach would be to stay nimble, taking swing trading positions to ride these bear market rallies, but always be ready to get out the moment the bear market resumes.

The last few weeks have been very good for crypto trading, and I counted 9 successful profitable swing trades in a row so far, so stay tuned to continue watching how far this winning streak can go!

I will be posting daily portfolio updates and trading opportunities in my “Daily Trading Signals” Telegram group, so join us if you want to start profiting with us!

 

Bialowieza Primeval Forest Hajnowka Poland 1030x773

[Photo: Bialowieza Primeval Forest, Hajnówka, Poland – 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? 1f525

Portfolio Highlights

Trading Signals Portfolio 200722

Portfolio updates (20 Jul 2022)

Currently have about 6% in stocks and 6% crypto to ride the current bullish momentum.

 

Trading Signals Portfolio 210722

More detailed portfolio notes, will be sharing this more often in future for quick and easy reference.

ST = short-term
MT = medium-term
LT = long-term

 

Trading Signals Portfolio 220722

Portfolio Updates (22 Jul 2022)

Taking profits off long positions in stocks and crypto, especially the latter which has a strong run-up the past few days.

 

Forex & Commodities Market Highlights

Trading Signals Currency Strength 190722

Currency strength is shifting away from the USD for now.

 

Trading Signals AUDUSD 190722 1

The AUDUSD is currently resting on strong support, might have a rebound within the range.

 

Trading Signals NZDUSD 190722

The NZDUSD might also be having a rebound, but in the form of a falling wedge.

 

Trading Signals GBPUSD 190722

Similar to the NZDUSD, the GBPUSD is also forming a similar wedge shape.

 

Trading Signals USDSGD 220722

The USDSGD looks like it is correcting back to the bottom of the uptrend channel.

 

Stock & Bond Market Highlights

Trading Signals Inflation High 180722

So in 1981 consumers were looking at 10% savings account yields, 17% mortgages, 10% bond yields and 9% inflation.

Today it’s 1% savings account yields, 5% mortgages, 3% bond yields and 9% inflation.

The last time inflation was this high it basically took two recessions in short order to slow the rapid rate of change in prices.

https://awealthofcommonsense.com/2022/07/the-last-time-inflation-was-this-high/

 

Trading Signals ARKK 210722

Solid breakout for ARK Innovation ETF (ARKK), we might see the bullish momentum continue for a while.

I have been accumulating longs on this for quite a while, might add on a little more. 💰🔥💪🏻

 

Trading Signals US100 200722

2 possible ways it could play out for the NASDAQ 100 (US100), but currently it looks more likely to head up to test the top of the trend channel.

There will be another major rate hike in about a week’s time, so be wary of volatile price moves as we get nearer.

 

Trading Signals Bull Market News 220722

https://www.wsj.com/articles/a-new-bull-market-cant-start-until-investors-give-up-11658482203

 

Trading Signals Stock Market 210722

https://www.wsj.com/articles/the-stock-market-is-on-sale-that-doesnt-make-it-cheap-11658388069

 

Crypto Market Highlights

Trading Signals ETHUSD 190722

Can consider taking a small position on Ethereum (ETHUSD) to ride the rebound, with a tight SL around $1250.

 

Trading Signals ETHUSD 200722

Ethereum (ETHUSD) is now above $1500, congrats to all those who took this trade! 💰🔥💪🏻

 

Trading Signals ETHUSD Profits 220722

Taking profits from my recent Ethereum (ETHUSD) long positions. 💰🔥💪🏻

 

Trading Signals ETHUSD 220722

Tricky situation for Ethereum (ETHUSD) because after the breakout to new highs there wasn’t very strong follow-through, so I decided to take my profits and wait on the sideline till I get a better setup.

 

 

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? 1f525

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



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