Weekly Market Wrap: Stocks Having a Santa Rally?

Weekly AMA on Instagram - Ask me anything about trading & investing, stock picks, market analysis, etc!

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?

Forex Market Highlights

Overview of the forex markets, will be posting for the stock market and indices next. Stay tuned!

Following up on CHFJPY, it has gone up as predicted, and is very close to breaking new highs.

Looking at the price action of EURCAD, the small pullback is slowing down as it approaches the major support and EMA confluence, so prices could rebound from there.

Following up on EURGBP, it is very near the previous swing low, and is already +160 pips in the money, so you can consider closing the position and taking profit, or at last half the position. ???? Ka-ching!

Following up on USDSGD, it has dropped as predicted, and is now in the money. Will be holding to see if it can test the bottom of the range.

Stock Market Highlights

Following up on the S&P 500, it has hit new ATHs, and the Santa Rally is under way!

China tech stocks (3067) are getting ready to hit new lows.

The KraneShares Global Carbon Strategy ETF (KRBN) looks like it is on a strong uptrend.

Global REITs (REET) doing well after breaking out of the ascending triangle.

Following up on Tesla (TSLA), it has gone up 23+% profit in just a few days, so it is a good time to take profits or partial profits. ???? Ka-ching!

Crypto Market Highlights

Looking at the various crypto indices over the past 2 weeks, it was the right call to go long on Alt coins and hedge by shorting ETH or BTC.

Defi tokens have gone up the most, almost 30%, while mid cap and small cap have gone up about 20%.

The crypto market tends to be cyclical, so getting the sector right is quite often more important than picking the individual coins.

Following up on Ethereum (ETH), it has started heading downwards as predicted by the dotted arrow.

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!

Our flagship mentoring program is suitable for both beginners and advanced traders, covering the 4 strategies which I used over the past 15 years to build up my 7-figure personal trading portfolio.

If you're looking for a reputable brokerage that covers all products (SG stocks, US stocks, global stocks, bonds, ETFs, REITs, forex, futures, crypto) and has one of the lowest commissions, this is what I currently use.

Spencer Li

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.