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Recently, after the long run up in tech stocks, there has been some correction, leading to counter-trend moves in various counters.

We managed to spot and pre-empt many of these moves, using price action, patterns, and support/resistance levels.

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👉🏻 https://t.me/synapsetrading

 

Market Overview

 

Trading Opportunities

Short trade on CHF/JPY

Short trade on GBP/USD

 

Short trade on GBP/USD

Short trade on S&P 500

 

 

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! 🍻

As various countries open their economies, notably China and the US, will it lead to a surge in new cases, and will it lead to further shutdowns?

And will the stock market be able to break new highs, or has it hit a major roadblock?

Join our FREE Telegram channel for daily trading tips:
👉🏻 https://t.me/synapsetrading

Major Events

There were some major news last week, such as the negative Fed forecast, which caused a huge dip in the stock market.

Daily new coronavirus cases continue to climb globally, with new spikes in the US and fresh outbreak clusters in China.

 

Stock Markets

The stock market seems to have hit a roadblock, and is taking a pause while deciding which way to head next.

I highlighted the crucial levels to look for on the S&P 500.

Tech stocks are still going strong, and the big tech giants are breaking new highs.

Weekly Trade Highlights

Here are some snippets from the daily trades in our private Telegram chat group for graduates of the “Trading Mastery Program”.

If you are interested to join our closely-knit community and start profiting daily from the market, click here: https://synapsetrading.com/the-synapse-program/

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?

Join our FREE Telegram channel for daily trading tips:
👉🏻 https://t.me/synapsetrading

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! 🍻

Quite often, when we dive into the financial market, we find that there is simply too much market news. When we try to trade the news, we have no idea what is important or trivial, because we are so overloaded with information. This makes news trading quite an impossible task.

To make matters worse, we often get conflicting views from experts, with some being bullish all the time, while others are bearish all the time. And because some of them have pretty convincing arguments, we easily get swayed and our own opinions tend to fluctuate from extremely bullish to extremely bearish.

So what is the way around this?

The first thing you need to know as a trade relying on market news is to be able to differentiate between FACTS and OPINIONS.

Facts are like raw data, statistics, research from credible sources, economic data, etc. These are usually unbiased and come without opinions, and provide the basis for you to form your opinion.

Opinions, on the other hand, are views formed based on the analysis of facts/data, so there is inherent bias, and the conclusions drawn from the data may or may not be correct. Hence as a trader or investor, we need to zoom in on a handful of credible sources of good analysis.

The second thing you need to know when doing news trading is to “trade what you SEE, not what you THINK”.

Opinions often give you preconceived notions or views on the market, for example you might think that the market is bullish, and hence it should go up. However, in reality, the market may not move according to your opinion.

The only reality in the market is what we see on the charts, which is the price action of the market.

No matter how bullish you think the market is, the truth is that you will not be able to make money unless the price actually moves up. So when it comes to trading, your strategies, setups and analysis of the chart should take precedence over your opinions.

And that will help you filter out all the unnecessary noise in the market to zoom in on the best trading opportunities.

Enjoy the video, and remember to “like” and “subscribe”!

Recently I have been receiving a lot of emails and messages asking about the market, and also an unprecedented number of people joining my private trading network, and the obvious reason for this is that the markets now are offering excellent trading opportunities.

Heading into Bear Market Territory

Last Thursday, we officially saw the stock market enter the bear territory, with a 20% correction from all-time highs.

Many people tell me that it is impossible to time the markets. But is that really true, or are they just parroting something they read online or from a book?

Take a look at the 2 charts below. The one on the left is the chart I posted for my students on 27 February 2002.

Now take a look at how accurately it played out on the right, which is the what actually happened.

Now imagine if you had that roadmap on the left, how much money would you have made, or how much money would you have saved by liquidating your portfolio before the full crash?

How Much Did You Make from This Crash?

While most “value investors” or “long-term investors” are complaining about how badly hit their portfolios are, the truth is that the only thing they can do now is quote Warren Buffett and hope that the market rebounds in the long-run.

Eventually, it probably will, and I will also be buying in once the crash is over, but why would I want to sit through a crash that can be avoided?

And more importantly, why would I want to miss such a great money-making opportunity?

These past few weeks of steep declines have probably been some of the best trading days I’ve seen in my career, allowing me to more than double my trading account (ROI of +169.54%) in this short span of time.

This is probably more than most people’s one year salary. Yikes!

 

 

 

And I am glad to be able to guide my students (including complete newbies) during this period of time to generate awesome returns as well on their trading accounts.

Swing Trading Opportunities

With the market in such turmoil (and high volatility), there are going to be a lot trading opportunities on the intraday and swing timeframe, but you will need to have the right skills and techniques to trade these markets.

I would also recommend using smaller lot sizes to trade if you are not used to fast markets.

For example, in my trade below, I used a very small 0.01 lot size to take quick trades on the S&P 500, which allowed me to make US$671 on just one trade in a few minutes.

 

If you take a couple of such trades a day, and use good money management to pyramid or stack positions on strong setups, it is not hard to generate 5 figures a day in such markets.

Of course, these are not normal market conditions, and I do not know how long they will last, which is why we need to make the most of it for the next few weeks.

Roadmap for the Bear Market

Some of the common questions I have been getting:

  • How long and how deep is this correction going to be?
  • When is the virus going to peak?
  • When should I start buying?
  • What should I be buying?
  • Should I sell off my portfolio in case it falls more?

In my opinion, a lot of factors are hard to predict, and this crash is unique because it happened so quickly.

The 2008 crash took 18 months to correct about 50-60%, while this time we took about 3 weeks to correct 25-30%.

That’s insanely fast. some people have not even had the chance to panic sell yet. 😆

Although China has mostly managed to control the spread, and is on the route to recovery, many countries in Europe, Middle East and the US are still seeing and exponential increase in cases, so what we want to see is a deceleration of cases, so that from there we can estimate where the peak is.

If you look at the graph of all the past corrections in the S&P 500, there are only about 5 times in the past 55 years where it has gotten worse then this. (Also don’t forget to join our free Telegram channel for daily market updates if you click on that link.)

Personally, I do not think the bottom is here yet, and after consulting my charts over the weekend, I have come up with another roadmap for the next few months.

To be fair, I will only be sharing this new roadmap with my students, and I will continue to monitor the markets daily so that I can update them when I feel that it is time to start buying.

The Once-A-Decade Opportunity

Anyway, if you have missed the move down, do not despair, because the next big opportunity is the move up, once the decline ends.

Opportunities like this to multiply your wealth only comes once in a decade, so if you don’t want to miss this chance, I would like to invite you to join our private network with an awesome community of traders.

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! 💰😎🔥