Weekly Market Wrap: Stock Market at Crucial Turning Point?

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Over the last 3-4 weeks, we have seen an impressive rally in the stock market, with the main US stock indices rallying 15-20% from the recent lows.

However, in the long run, the Fed is planning to continue raising interest rates, which is bearish for stocks, so I am not sure how long more this rally can sustain.

Personally I have decided to take some small short positions, to see if the market starts tipping over. I have also placed alerts to tell me when the downtrend resumes so that I can add more short positions.

Stayed tuned for more updates in our “Daily Trading Signals” Telegram channel!

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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.

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Table of Contents

Portfolio Highlights

Portfolio Updates (03 Aug 2022)

Very defensive portfolio now, since most markets have rallied within a bear trend, and it is not clear if the rebound will continue or the bear trend will resume.

Forex & Commodities Market Highlights

USD continues to weaken, with other currencies starting to gain strength.

AUDUSD trade is also in the money, up 200+ pips profit! ????

GBPUSD trade is in the money, up 300+ pips profit! ????

NZDUSD trade is also in the money, up 150+ pips profit! ????

USDCHF has broken a major support level, we might see prices heading lower.

Now that the first TP for Gold (XAUUSD) is hit, it is a good idea to take at least half profits or full profits, because price is at a strong resistance level. ????

The commodities ETF (GCC) looks like it might be resuming its downward swing soon.

Stock & Bond Market Highlights

Looking at the global REIT ETF (REET), I have decided to take a small short position, with a stop above the prior swing high.

The NASDAQ 100 (US100) is currently at a crucial price level, bear the top of the channel and at resistance.

We will need to see which way it breaks out from. I am about 65% bearish and 35% bullish.

I have placed price alerts so we will know once it breaks out from either side, and I will likely go short if it breaks the swing low.

The NASDAQ 100 (US100) has reached the top of the trend channel, and is also at the 200-EMA.

It has rallied an impressive 21% since the low in June. But is this a bull trap?

I am hesitant to go long at this price level, so I will watch and wait a while more. I will also want to see some bearish price action before going short.

https://www.wsj.com/articles/investors-fear-stock-market-rally-will-be-short-lived-11659304749

https://www.wsj.com/articles/individual-investors-ramp-up-bets-on-tech-stocks-11659221897

Crypto Market Highlights

Looking at Ethereum (ETHUSD), the trend for crypto is not very clear, so I will be staying out and waiting for a better opportunity.

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?

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