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As various countries started loosening the lockdown to save the flailing economy, we get news reports of new infections starting to surge.

At the same time, we see multiple asset classes surging in the market, creating a stark contrasting reality.

The big question is, which is leading and which is lagging? (Economy vs. Financial markets)

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5 Bullish Asset Classes

It is quite rare to see so many asset classes perform so strongly, especially when the economy is not doing well, and this is probably due to excess liquidity.

In addition, many of these asset classes usually move in opposite directions from one another, which makes it all the more strange.

Here are the 5 asset classes:

  • NASUSD – Nasdaq stock index
  • XAUUSD – Gold
  • USDIDX – US Dollar index
  • TNOTEUSD – 10-year treasury bond
  • BTCUSD – Bitcoin (not listed above)

 

V-shape Recovery for the Stock Market?

The stock market (especially the Nasdaq) has already recovered almost all its losses for the year, but will it be able to chug ahead and make new highs?

 

According to the Wall Street Journal, here are 5 reasons why the stock market is rallying so strongly despite the economy not doing well.

 

On the other hand, we are also seeing a large outflow of funds from stock markets, so could this be investors starting to take profits after the recent strong rally?

 

Will Lockdowns End Soon to Save the Economy?

Last Friday we also had the NFP (non-farm payroll), and although it was slightly better than expected, the numbers still do not look good, unless they find a way to reopen the economy safely.

 

Several countries have started to loosen the lockdowns and get the economy back to normal, but it seems like a tricky balancing game / whack-a-mole, because any small outbreak can trigger new lockdowns all over again.

Over in Russia, the outbreak seems to be getting worse as well.

Taking My Profits for Bitcoin at $10,000

Recently, Paul Tudor Jones mentioned in an interview that he is bullish on the stock market, and buying Bitcoin to hedge against inflation.

 

If you have been following our Bitcoin trades, we have been accumulating since $4,000+, and we have taken profits at $10,000 last week, so we will be waiting for lower prices to buy again.

This is one of our best trades this month, with a profit of more than 100%. This shows that you do not need to be making many trades a day, but rather be patient and wait for the best opportunities, then strike when the iron is hot. Congrats! 💰😎🔥

 

Start Your Trading Journey Today!

If you are interested to start your journey with our closely-knit community, click here: https://synapsetrading.com/the-synapse-program/

Here is some feedback from our students:

“I signed up for the training course just 2 weeks ago, and i am still quite new to trading. Took some trades on the daily signals that Spencer posts daily, and very happy to have made 17% returns so far and covered back my course fee.” – Sandy

“I followed Spencer and bought Bitcoin, and have made more than 50% returns although I entered a bit late. Very impressed by the accurate timing.” – Kai

“I am very happy to be part of this community because the members are very kind and answer all my newbie questions to help me understand.” – MK

To read feedback form all our past students, click here: https://synapsetrading.com/testimonials/

See you on the inside! 🍻

While the US economy looks to be slowly re-opening, we are seeing a lot of bearish news in the market.

Will there be a 2nd wave of infections, and a 2nd wave of market sell-offs?

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Market Overview


Looking at the various markets, it looks like this week going into risk-off mode, where traders take on defensive positions, and possibly shorts on the stock markets.

 

Stock Markets – Next Wave of Selling?


While the US is gradually re-opening its economy and easing restrictions, this might lead to a new wave of infections, since their cases and death rates are still rising, which shows that they have not totally got it under control.

Also, tensions between the US and China have been escalating, as the US Secretary of State Mike Pompeo saying that there was a “significant amount of evidence” connecting the coronavirus to a lab in the Wuhan region of China.

Over the weekend, during an interview with Warren Buffett, he said that he had sold all his airline holdings. While he was optimistic on the long-term outlook, he also mentioned that the pandemic has damaged some industries permanently, suggesting that the economy may not “return to normal” that quickly.

On the plus side, Gilead’s antiviral drug, Remdesivir, will be available to coronavirus patients this week.

 

Bitcoin – Amazing Profits in One Week!

Bitcoin was our most profitable trade last week, with an epic price surge of close to 30% in a few days.

Congratulations to all those who were following our trades! 💰😎🔥

 

Forex Market Updates

Here are a list of various potential trading opportunities for this week, including AUD/USD, CAD/CHF, CAD/JPY, EUR/AUD, EUR/NZD, Gold.

 

Start Your Trading Journey Today!

If you are interested to start your journey with our closely-knit community, click on the link below: https://synapsetrading.com/the-synapse-program/

Here is some feedback from our students:

“I’m very new to trading and this training gave me a lot of important insights & strategies to become a good trader.” – Larry Tan

“I feel that the course provided a clear and proven methodology to trade effectively. The tools provided are also very supportive.” – Janie, AXA

“The concepts taught by Spencer are easy to follow!” – Jiawei

“Very informative and interactive training conducted in a right pace.” – Eugene Chng

“A very complete training program that give a good coverage on trading and practical setups that are easy to understand and apply. The mindset portion is very important to ensure that we are profitable in the long term. Thank you.” – Alan

“The training was very well-done. The flow in the course is good, and very informative and detailed with a good overview of the entire market. The ending with mindset and psychology summarized it nicely. The case studies were also very useful in allowing us to apply the principles involved.” – Sherilyn Tan

See you on the inside! 🍻

With the Wuhan Coronavirus scare in the past 1-2 months, the stock markets have been cautiously bullish, but it somehow feels that the market is still in risk-off mode.

Currencies like the EUR have been weakening, whereas “safe haven” assets like USD, Gold and Bitcoin have been very bullish.

Here are some of the trade signals taken from our private “Synapse Network”, which we post daily for our members:

 

Weakness in the Euro (EUR)

Based on the currency strength meter, we can see that Gold and Bitcoin are the strongest, whereas EUR is the weakest.

Hence shorting EUR against the USD and against the CHF were very profitable trades for us.

 

Strength in the US Dollar (USD)

We managed to identify early the breakout of USD against the Singapore dollar (SGD), giving us a very good early entry and the ability to hold (or even add!) onto the trade and ride profits confidently.

This lead to a windfall trade of 400+ profits just from this one trade!

 

The Rise of Bitcoin (BTC/USD)

At the start of the year we identified the emerging strength of Bitcoin, and advised everyone to get in early before the real price movement starts.

At that time, price was only $8,000+, and since then, price has surged up to $10,000+, giving a minimal 20% ROI for this trade, and it’s just the start of the year!

If you would like to avoid missing out on any of such awesome trades (which we deliver on a daily basis), then you should definitely check out our training program & trading signals bundle:
https://synapsetrading.com/the-synapse-program/

See you on the inside!

Yesterday, we saw an incredible spike in Bitcoin of close to $2500, which is 40+% move.

Even though price has corrected slightly, it is currently still up by about 30% from its recent lows.

Although no one really knows the reason for such a sudden move, many people have attributed it to remarks by the Chinese President, Xi Jinping, who said the country needs to “seize the opportunity” afforded by blockchain technology.

Speaking as part of the 18th collective study of the Political Bureau of the Central Committee on Thursday in Beijing,  he said that blockchain technology has a wide array of applications within China, listing topics ranging from financing businesses to mass transit and poverty alleviation.

Although he was talking about Blockchain technology rather than cryptocurrencies, traders seem to have felt that it would still have a positive effect, at least based on what the market is reflecting.

For a technical perspective, the chart is starting to look more bullish medium/long-term, with the breakout of the falling wedge pattern.

After months of consolidation, Bitcoin has broken down from its triangle consolidation price pattern.

The interesting thing is that if you look carefully you will see both a symmetrical triangle (neutral) and a descending triangle (bearish), so overall the odds of it breaking down was higher than the odds of it breaking up.

The next support level is around the $6800-$7000 level, so we might see a small pullback, followed by more bearish movement downwards.