Well, another very difficult week is behind us and to be honest we think there are many more difficult weeks ahead over the next few months. The realities of a global recession are starting to ‘hit home’ so to speak and global equity markets are not happy. Although we are seeing nothing but shorts in the shorter-term, we do think the most important message to get across in difficult times such as these is two-fold:
Our bullishness last week was clearly not the right call. Volatility has crept into the market and there is a lot of uncertainty around what happens next. Therefore, in order to clear our own minds of bias, we will be looking at markets from purely a technical perspective this week.
Purely a technical perspective Read More
Well then, alright. This week we’re doing things a little differently. @TraderPetri asked twitter what they wanted us to have a look at and we’ve obliged. In no particular order, here are the twitter chart requests for the week ahead.
Twitter chart requests Read More
Volatility is subsiding and markets are feeling more confident than they have for some time. We can debate about logic and valuations and inflation for days on end. In the end though, it will boil down to “yes, nothing makes sense” and “don’t fight the FED”. The money printer is going brrrr and all we can do is hold tight while the bulls give another run.
Hold tight, we’re trending higher Read More
Markets bounced hard in the second half of last week. It’s almost hard to believe how fast things are changing in the current landscape. Although there are so very many reasons to be cautious, if not flat out bearish, the market is just pulling its ears back and making its way higher despite the conditions of the world around it. Thus, given the strong footing the market ended on last week, and of course the charts, we think that we’ll likely see new highs in the week ahead.
No pullbacks, only new highs please Read More
Markets open for trading on Monday and our thinking is that the major theme for the week ahead is going to be stimulus, gold and Bitcoin.
Stimulus, Gold and Bitcoin Read More
Well, technically the Santa rally is only really the period between Christmas and New Years, although traders have been ‘front running’ this seasonality a little over the last few years. Furthermore, from what we’ve seen on the newswires over the weekend, it seems that another round US Fed stimulus is almost certainly going to be finalised before US markets open on Monday. Nothing like a freshly minted $900 billion to get markets into the festive mood.
Santa loves US Fed stimulus Read More
The exuberance of markets can never be underestimated. “Stonks only go up” has become a meme. But we know that memes have the power to influence millions of people. As long as the market is trading from vaccine headline to vaccine headline, we can expect that markets will probably keep pushing higher and people will likely keep chanting “stonks only go up”.
Things are starting to get a little wild out there as we approach the U.S. elections. Most of the charts that we look at this week are or larger market indices. Volatility is likely to remain elevated for the rest of the year. We’re not quite ready to start buying the dip just yet, nor are we sure that we’ve even really seen the dip yet. A bit of a zoomed-out macro view this week.
Weekly game plan 27 September 2020 Read More
Being overly bearish is bad for your health, so please take the this week’s game plan with a pinch of salt. Overall we are becoming more and more concerned with what we think is irrational exuberance in the market. We look at some of our concerns and identify some trading opportunities for the week ahead. We also have a look at some requested charts.
Weekly game plan 13 September 2020 Read More
We’ve received your information and will be in touch shortly. We’re excited to help you on your trading journey with Herenya.
In the meantime, check out our other pages with the drop down below:
