Weekly Market Wrap: Stocks & Crypto Resume Downtrend!

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After a tight consolidation the past 2 weeks, the stock and crypto markets finally broke down, and resumed the downtrend.

Hence, we have large short positions on stocks, and I only have a small position in crypto, after selling off most of my holdings.

The current strategy now is to stay in cash or stay short, until the crash is over, then start buying cautiously once there are reasonable signs of a market reversal.

Riding the big market trends means being able to actively rotate between different asset classes to maximise returns and minimise drawdowns.

 

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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.

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?

Portfolio Highlights

Portfolio overview
? Bulk of holdings are cash and safe assets in yield-farming, because most markets are bearish now

? Started to buy some bonds since it has already dropped 35% from ATHs.

? Holding some crypto and commodities as possible inflation hedge, although crypto is more like a risk asset now.

? Largely short on equities, because the downtrend has resumed. Will start accumulating a positive position once the decline stops.

 

Forex & Commodities Market Highlights

https://www.wsj.com/articles/the-u-s-dollar-is-looking-a-bit-stretched-11654612600

 

Product: Forex
Name: US Dollar / SG Dollar
Ticker: USDSGD
Exchange: N/A

Analysis: Following up, although the last trade was stopped out, it now shows that the uptrend has resumed.

EP: 1.30, or on pullbacks
SL: 1.368
TP: 1.3969, 1.4394

 

Product: Commodities
Name: Gold (spot)
Ticker: XAUUSD
Exchange: N/A

Analysis: After some consolidation and whipsaw, it looks like Gold is back on track, now that the market is in risk-off mode.

EP: current price
SL: $1820
TP: $1905, $1990, $2060

 

Stock & Bond Market Highlights

Product: REIT ETF
Name: iShares Global REIT ETF
Ticker: REET
Exchange: NYSE

Analysis: Following up on this, it has just broken down on a bear flag, and hit TP1. ????

Will continue holding towards TP2.

EP: Current price, or on pullbacks
SL: $27.50
TP: $24.50, $23.50

 

Product: US Stock Index
Name: NASDAQ 100
Ticker: US100
Exchange: N/A

Analysis: I was expecting another leg of rebound, but after multiple days of tight consolidation, momentum for the rebound stalled and prices continued downwards.

Now, we can expect it to test the next support.

EP: $12358, or on pullbacks
SL: $13000
TP1: $11546
TP2: $10995

 

Crypto Market Highlights

ETHUSD Crossing 1672.10
Break major support level
Likely to see another huge wave down in the MT/LT

 

Product: Cryptocurrency
Name: Ethereum
Ticker: ETHUSD
Exchange: N/A

Analysis: I thought there would be some rebound at this major support level, but there has been too much bearish news in the crypto market recently, and prices just broke a new 1-year low.

This does not bode well for crypto as prices could start another major leg down.

EP: Current price ($1672 based on above trigger)
SL: $1936
TP: $1437

 

TP for short positions
(Note: This was hit just 1-2 days after the signal!)

 

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!

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