Weekly Market Wrap: Short-term Rebound in Stocks & Crypto

Join our Telegram channel (7000+ subscribers) for daily market analysis & trading tips: t.me/synapsetrading

After a sharp collapse of the stocks and crypto market, last week saw a relief rebound.

I don’t think the bottom is in yet, but I decided to take profits on my short positions to wait for a better price to short again.

I am still holding a large cash position (in USD), which has been performing well relative to the SGD.

I think soon it will be exciting because once the bottom is in, we can start accumulating assets on the cheap which will have the potential to go up 2-3x in the next bull run.

Stay tuned for more updates in my “Daily Trading Signals” Telegram channel!

 

Burj Khalifa Dubai UAE

[Photo: Burj Khalifa, Dubai, UAE – 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:

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 250622

Quick portfolio updates:

🔥 Closed my shorts in stocks as I am expecting a short-term rebound, so that I can take profits first and short again at a better price.

🔥 Also riding the short-term rebound in crypto, and will probably reduce positions or short once the rebound is over. But I will also monitor the price action carefully because this could be the bottom for crypto.

🔥 The bulk of my holdings is still cash, because now is the time to play defensive.

 

Forex & Commodities Market Highlights

Trading Signals Stagflation 210622

“The dollar has assumed the role of the global stagflation hedge with dollar cash being one of the few financial assets offering returns,” wrote Deutsche Bank currency strategist George Saravelos in a note to clients. Stagflation occurs when slow growth combines with rising prices.

https://www.wsj.com/articles/with-markets-in-disarray-international-investors-are-stockpiling-u-s-dollars-11655803800

 

Trading Signals US Recession 2 190622

Of the Fed’s previous 12 big tightening cycles since the 1950s, nine ended with a recession, official figures show.

The BOE has a better record, but roughly half of its rate-increase campaigns since the 1950s still ended with a U.K. recession.

https://www.wsj.com/articles/the-myth-of-the-central-bank-soft-landing-11655560980

 

Stock & Bond Market Highlights

Trading Signals Hang Seng ETF 220622

Hang Seng Tech ETF (3067)

Seems like we are seeing a small rebound in the China stock market.

EP: current price
SL: $9.045
TP: $12.045

 

Trading Signals US Recession 190622

https://www.asiaone.com/world/how-would-us-recession-impact-singapore-malaysia-thailand-amid-surging-inflation

 

Trading Signals Stock Bottom 200622

The good news is it typically takes much longer to reach 20% losses than the bottom, which makes sense when you consider not every bear market goes to the extremes.

The good news here is that 7 out of the last 12 bear markets have bottomed in 46 days or less once the 20% level was breached. And 5 out of the 12 were over in a month or less.

https://awealthofcommonsense.com/2022/06/how-long-does-it-take-for-stocks-to-bottom-in-a-bear-market/

 

Crypto Market Highlights

Trading Signals ETHUSD 180622

For those interested in bottom-picking for Ethereum (ETHUSD) for long-term investment, I have placed some alerts at $900, $800, $700, $600, $500 so that I can buy in at these levels. Good luck! 💪🏻

 

Trading Signals BTCUSD 180622

BTCUSD Crossing 19622.57
Bitcoin (Crypto token)
TP1 for short positions

 

Trading Signals ETH 190622

ETHUSD Crossing 900.00
Ethereum (Crypto token)
Starting to accumulate at this level

 

Trading Signals BTC ETH 200622

Buying some BTC and ETH for a possible 15-20% rebound from these levels. This is a higher risk short-term counter trend trade, so remember to use a stoploss.

 

Trading Signals Crypto Winter 240622

“High APYs, high returns — I don’t think they’re sustainable in the long run,” Zhao says. “New projects can give out these incentives to attract users, but only for a short time.”

“Longer term, DeFi projects can offer eight to 10 percent. They have a real business model, where they earn money from the trading fees which people pay.”

https://vulcanpost.com/792957/weathering-the-crypto-winter-binance-ceo-changpeng-zhao/

 

 

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!

0 replies

Leave a Reply

Want to join the discussion?
Feel free to contribute!

Leave a Reply

Your email address will not be published.