Last week, we saw the market mostly chopping sideways, while edging up a bit, so I decided to initiate some shorts, while at the same time buying some strong stocks like GRND and ATO.
There is also a new interesting sector that I have started analysing (which has gone up 40-60% in the last week), and I have shared it with my students. Will continue to track and follow up on it.
There is also a new interesting sector that I have started analysing (which has gone up 40-60% in the last week), and I have shared it with my students. Will continue to track and follow up on it.
Last week, some of the trades I mentioned have made impressive gains, such as GRND, PLTR, NFLX, gold, etc.
Short-term price action is pretty bullish so I have scaled down my hedges, I am expecting more upside for the first few days of next week.
Shared some interesting AMA questions from IG from the past week as well.
Short-term price action is pretty bullish so I have scaled down my hedges, I am expecting more upside for the first few days of next week.
Shared some interesting AMA questions from IG from the past week as well.
Last night, we saw the Fed decide to keep interest rates flat. They want to deleverage by keeping rates high, and selling long-term bonds (quantitative tightening), but they need to make sure the economy doesn’t crash before they are done.
As a result, we are seeing:
1. New highs for gold and silver
2. Falling bonds (TLT)
3. Recovery in crypto (BTC about to hit $100k again)
4. Strong gains in stocks in defensive sectors
As a result, we are seeing:
1. New highs for gold and silver
2. Falling bonds (TLT)
3. Recovery in crypto (BTC about to hit $100k again)
4. Strong gains in stocks in defensive sectors