Tag Archive for: NASDAQ

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By this time, most people are also starting to believe in the V-shape recovery, and the Nasdaq has already fully recovered from the crisis, surpassing its highs before the Covid crash.

Will the tech stocks be able to lift the rest of the market to new highs, or will the general market drag down the tech giants as the reality of the economy kicks in?

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Market Overview

Is the V Shape Recovery for Real

Last month, the USD was very strong, while the AUD was one of the weakest, however this month we have started to see a twist of events, where the AUDCAD is in a strong bull, while the USD/CHF is in a strong bear.

Gold has declined slightly, putting it in weak bear territory.

Nasdaq (NASUSD) remains the strongest stock market, whereas Hang Seng (H33HKD) remains the weakest.

Major Events

The biggest news of the week is probably the awesome jobs data from the US, although there was some classification error.

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Stock Markets

The stock markets continued to rise, and as I posted in the case study below, since the tech stocks have gone up so much relative to the rest of the market, I was expecting the rest of the market to play catch up, and on Friday we saw the Dow Jones & S&P 500 outperforming the Nasdaq as anticipated.

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Trade Highlights

Here are some highlights and case studies of trades done on forex, commodities and CFD products, also taken from our private forum.

See more case studies: https://synapsetrading.com/trading-guides/case-studies/

 

The first is a trade we did on the USD/CAD, as it broke down from a descending triangle.

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Next, we also had a good run on Crude Oil, riding on the surge in prices as economies reopened.

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Trading Insights

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Join our Last & Final Skillsfuture Workshop!

2 weekends ago, we conducted another full-house Skillsfuture workshop, with 40 pax of new traders & investors, as well as some of my past students who sat in to help out.

So far, every intake has been a full house, which is why we expanded to 3 workshops instead of 1 originally planned, because of the overflow. But our license expires on 18 June, so this is the last and final workshop which we can hold.

This fully subsidised Skillsfuture workshop will give you the skills and roadmap to build a second source of income to plan for early financial freedom, by building an all-weather portfolio that can perform well in any market conditions, and also market timing skills to create additional cashflow from short/medium-term trades.

Date: 13 & 14 June 2020 (6pm to 10pm)

Click here to check availability:
https://wp.me/P1riws-8OX

? First-come, first-serve!
? See you soon! ?

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As tech stocks continue to surge, while the S&P 500 and the general economy lags behind, it is important to select the right sectors and stocks to invest in.

Also, as the US gradually opens its economy and talks of a new potential vaccine surfaces, will these be able to boost the V-shaped recovery of the stock market?

And more importantly, which specific stocks are the best to invest in?

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Market Overview

Market Overview

While most of the markets are sideways or in weak trends, we see that a few things continue to remain strong, such as Gold, the US dollar, and the NASDAQ.

 

Upcoming News for the Week

Upcoming News

 

How is the Economy Faring?

There seems to be a large disparity between various sectors, and last week several famous fund manager like David Tepper and Stanly Druckenmiller said that they feel the market is too expensive at current levels.Economy Faring

 

Some good news on the virus front, with a potential vaccine being found. It might still take months before we see an end product, but at least this gives us some hope.Economy Faring 2

 

As the US gradually reopens its economy, so far we have not seem any sharp spike in cases, so that is a good sign. However, since there is a delay between infections and testing, only time will tell.
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Is Gold Starting a New Super Trend?

We have been getting some solid buy signals for Gold, and the charts show that it has potential to break new highs.

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NASDAQ vs. S&P 500

There is a curious divergence on the NASDAQ versus the S&P 500, which is due to the fact that tech stocks have fared much better and recovered faster than the rest of the economy.

Since this divergence could persist or even widen, it makes sense that we should continue focusing our investments in tech counters.

Since my visit to Silicon Valley and various offices there in 2018, I have been very bullish on the tech sector.

NASDAQ

Which Tech Stocks to Buy 3

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Choosing the Right Sectors to Invest In

Looking at where the big money is flowing, Warren Buffett is selling off the airlines and financial stocks, while the Saudi sovereign fund is buying up huge chunks of US stocks.

Invest In

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Best Tech Stocks to Invest In

Here is the shopping list of my favourite tech stocks, which I plan to buy and hold for the long-term.

  • Alibaba (BABA)
  • Tesla (TSLA)
  • VISA (V)
  • Mastercard (MA)
  • Facebook (FB)
  • Amazon (AMZN)
  • Mircrosoft (MSFT)
  • Apple (AAPL)
  • Google (GOOG)
  • Disney (DIS)
  • Nvidia (NVDA)
  • Shopify (SHOP)
  • Paypal (PYPL)
  • Salesforce (CRM)

 

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:

“Spencer has simplified a system which allow us to identify trade opportunities from the chart. The step by step identifying the market and setups helps making technical analysis simpler to understand.” – Siong Boon

“You make it so easy to trade, just by following the 4 setups.” – Tan Jiansen

“Course is awesome with key examples and setups to start trading!” – Robert Tan

“Gd. Anyone who want to trade profitably should attend this program.” – Jason Tan

“I learn how to read charts more accurately without tedious drawing of charts and proper money management techniques. 2 thumbs up!” – Joel

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

See you on the inside! ?

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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

Economy is Tanking But Stock Market is Rising

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?

V-shape Recovery for the Stock Market

 

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

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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?

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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.

Save the Economy

 

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.

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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.

Taking My Profits for Bitcoin

 

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.

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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:

Trading Journey Today

“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! ?