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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! 🍻

Some people have been thinking that nothing can bring the stock market down, because it has been steadily chugging up despite all the negative news of virus, lockdowns, unemployment, trade wars, and now riots.

So can the market continue to climb up forever? What will it take to actually bring the market down?

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

 

Market Overview

The strong bullish trending markets are Gold (XAU/USD), Nasdaq (NASUSD), and the US 10-year T-Note Futures (TNOTEUSD), which have been trending for quite a while, and our positions there have remained largely unchanged.

The most bearish market is the Hang Seng (H33HKD), which is not surprisingly since China is planning to enact more stringent national security laws, which will likely negatively impact Hong Kong’s financial markets.

 

Major Events

This has been a very eventful year so far, with the virus outbreaks, quarantines, job market crashing, and now the slow re-opening of the economy.

Amidst all that, the amazing thing is that the stock market is recovering much faster than the economy.

And now, tensions between US and China are stepping up, with China’s latest actions on HK and corresponding US retaliation, adding to the accusations of China covering up the virus at the start of the outbreak.

And in the US, we are seeing riots and looting, after a white cop killed a black guy in broad daylight during arrest.

 

US Stock Markets

The US stock market, especially the NASDAQ, has been on steroids, thanks to the dominance of tech stocks.

In my private forum with my students, I shared a detailed analysis of the S&P 500.

 

Weekly Trade Highlights

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

Join our Last & Final Skillsfuture Workshop!

Last weekend, 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

P.S. According to Skillsfuture regulations, the maximum intake is capped at 40 slots, so we will not be able to add new slots once all are filled up. Register early to avoid disappointment!

P.P.S. Your slot is only confirmed after you have completed payment, submitted your claims, and forwarded the confirmation screenshot to the organiser. If you did not complete the last step, your slot is still up for grabs to the next person who completes it.

💰 First-come, first-serve!
🍻 See you soon! 😄

Now that the S&P 500 is at the crucial 200-day moving average level, will it be able to break though and make new highs?

What are some of the bullish and bearish catalysts for the stock market going forward?

Also, check out our Telegram poll (800+ votes) to see which direction people expect the market to go in the next 6 months.

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

 

Market Overview

There are only a few products that are trending strongly, while most markets are in a sideways range.

This means that we should be expecting to take shorter trades (lower RR), or go down to smaller timeframes to pinpoint entries and exits.

 

The 200-Day Moving Average

Traditionally, the 200-day moving average serves as a good gauge of the market’s long-term trend.

If prices are above the 200-day moving average, then it is bullish, and if prices are below the 200-day moving average, then it is bearish.

Now, we see the S&P 500 poised exactly at the 200-day moving average.

Will it be able to clear the hurdle?

New Highs or New Lows?

Recently, I did a market poll on my Telegram channel (check it out if you want to take part, or see the latest results), and the results are as follows:

Interestingly, about 40% are bullish, compared to 30% who are bearish, but the difference is not much.

And if you look at it another way, about 60% think that the market won’t be making new highs (new lows or sideways).

Here are some bullish and bearish catalysts I could think of:

 

Tensions Between HK, USA & China

One major issue that could dictate market movements in the coming weeks is new national security laws which China plans to impose on HK, and how the US is going to react.

Relations between the US and China are already strained because of trade and the Covid virus, and this could become a proxy battle.

Join our Last 2 Skillsfuture Workshops!

Last weekend, 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.

There were so many sign-ups that we had to turn some people away, and ask them to join the next intake on 30 & 31 May. Although the next class is still 2 weeks away, it is already almost full, so before my license expires on 18 June, I will open one final class on 13 & 14 June to accommodate this influx of demand.

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.

Dates:
30 & 31 May 2020 (6pm to 10pm)
13 & 14 June 2020 (6pm to 10pm)

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

P.S. According to Skillsfuture regulations, the maximum intake is capped at 40 slots, so we will not be able to add new slots once all are filled up. Register early to avoid disappointment!

P.P.S. Your slot is only confirmed after you have completed payment and submitted the confirmation to the organiser. If you registered but did not complete payment & submission, your slot is still up for grabs to the next person who completes it.

💰 First-come, first-serve!
🍻 See you soon! 😄

 

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! 🍻

After seeing negative prices in Crude Oil futures, will oil prices stay depressed, or will they recover any time soon?

With stock markets unclear, and the US dollar fluctuating wildly, is Gold a good long-term investment now?

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

 

Market Overview

Looking at the “Daily Trend Analysis” on our Telegram channel, we can see that the most bullish counters are Gold (XAUUSD) and the US Dollar Index (USDIDX), whereas the most bearish counters are Brent (BCOUSD) and Crude Oil (WTIUSD).

The stock markets are pretty mixed, with most indices either being in a weak bear trend, or ranging.

 

Can Gold Hit $3000?

According to analysts from the Bank of America, they now have an 18-month target of $3000 for Gold, which seems pretty bullish, considering we have not even cleared $2000 yet.

Normally, it is quite rare for the USD and Gold to trend strongly in the same direction, but we are seeing it now.

In the short/medium-term, since USD is a reserve currency, it is in demand when liquidity dries up, whoever with the aggressive money printing, it might decline in the long run.

As proposed by Ray Dalio, we are nearing the end of a 75-year debt cycle, which could see massive deleveraging and devaluation of the US Dollar. If that happens, then it will definitely be bullish for Gold.

This is the reason I have been actively adding Gold to my long-term portfolio.

 

Normally, commodities tend to lag Gold, and eventually “catch up” once inflation kicks in, however this time demand is at an all-time low.

 

We have had great success buying the dips on Gold, and our most recent trading positions are already in the money. 💰😎🔥

Will continue to hold for more upside.

 

How Long Will Oil Stay Cheap?

After seeing the May Crude Oil futures hit negative, traders are getting spooked for the June contracts, because they are afraid the same thing will happen if the lockdown is still in force, and demand remains low.

Looking at the virus numbers, the possibility is high.

 

Even if the lockdown does end, there is too much pent-up supply, and a lack of storage.

Hence prices could remain low or continue falling.

 

We have taken full profit on our crude oil shorts, and will not be taking any new positions for the time being, since many brokers do not allow new positions to be initiated due to the liquidity.

This has turned out to be one of the most profitable trades of the year. 💰😎🔥


< h2>Ranging Stock Markets

Lastly, for the stock market, I would say I am 65% bearish, and 35% bullish.

Since there are no clear signs, I will testing the waters with small positions, but will not be taking any large positions yet.

Stay tuned in our Telegram channel to continue monitoring the stock market for the right time.

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:

“Great course. I have studied about candlesticks and chart patterns before attending the course. However, not able to put them together to make consistent result. This course really stitch together and show me how to combine all the knowledge that I have learnt.” – Kyaw Zaw Than

“Course was comprehensive with clear explanation for each strategy taught. Good amount of case study to discuss for better understanding.” – Ethan

“Spencer is extremely detailed and methodical in his explanation. Program is extremely comprehensive.” – Tessa Ong

“Before this I learnt a lot of strategies from books and friends – After this programme I learnt to stick to one and profit.” – Rahim, Freelance Artist

“Trading made simple with only a few setup to master and focus on. Not too much information overload.” – Jude

See you on the inside! 🍻