Hi ,
in the last issue I warned you that the strong upmove of the NASDAQ could be a short-term bull-trap and lead to a pullback. That's exactly what we saw last week. It did not surprised me because so many stocks were short-term extended and need a pause.
Next week will be interesting for crypto currencies too: Ethereum and Bitcoin pulled back sharply. Even though this is normal for those markets, it could be the start of a serious corrected. I observe that very closely, because there is a lot of speculative money in that market and that give us clues about the risk appetite of institutions.
Here is what you will find in this newsletter: - Questions and answers from the subscribers forum
- Comment on the current market situation: Pullback could lead to another window of opportunity
- Stocks I am watching at the moment: $AFRM, $DASH, $RBLX.
- Trading tips: Be patient and use the benefit of the weekly chart
If you have questions, please use the subscribers forum.
Thank you and good trading, Julian
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