Weekly Market Overview August 22, 2021

Aug 21, 2021

Today we cover NASDAQ, Bonds, Gold, Silver and Bitcoin. While nearly everything is sitting in a neutral zone we need to be aware that bad news and good news will flash the markets in both directions but when we zoom out we can see that not much is really happening. 

For the time being, patience is important, and be positioned correctly so that when we break out of this. neutral zone, we have all of our limbs and can participate effectively. 

I want to reiterate that prices for the Trading Lab will be going up to $397 per month for everyone who joins after September 1st, 2021. 

If you sign up before then you can lock in the $297 per month price.

If you have EVER subscribed to the Trading Lab in the past, that is the price you will ALWAYS pay for even if you stopped your subscription, you can always re-join at the rate that you originally signed up for. If you fall in to this category, just reply to this email and let me know and I'll get you setup with the correct rate!

We've made some changes to the Trading Lab, for all subscribers.

For those of you who don't have the time, or interest, in spending all day with Slack open and watching livestreams, but do want access to our trade signals we will send emails out on new trade alerts. 

End of Day Swing Trade Alerts for Futures and FX trades (not every day, only when there are trades) with entry price, stop price and how to manage the profits. 

Our short term Equity Swing strategies include a Short Squeeze strategy which looks to catch massive moves when a stock with ultra high short interest gets squeezed. You will receive entry price, stop price and profit targets. At the end of each month we take a trade in one of two indices holding for a defined period of time. The strategy averages a 75% win rate but this past year has been above 90% win rate. 

Our Long Term Monthly Macro ETF strategy takes long only positions in the gobal macro space in dividend yielding ETF's in global indices, commodities, countries, regions and thematic spaces. The average hold time for winners is near four years, while the average hold time for the losing trades is less than two years, while getting paid dividends while we hold. Before the beginning of each month you'll receive any new trades, entry price and stop loss price, and any sell signals. 

Crypto Swing Strategy. The weekly crypto swing trading strategy covers portfolio allocation, and has weekly swing trades in alt coins (during alt season that is!). Each week we send out the 5 alts on our watch list with clear entry, stop and take profit parameters, in addition to our main Crypto Portfolio allocation. 

In addition you can access all the discussion around any of these trades and reach out directly to me within the Trading Lab Slack channel, where these trades will be posted as well. 

For the more active traders who do this full time, the Trading Lab Slack runs 24/7 which is a fantastic mix of professional traders and individual investors. Each trading day we go live on Zoom, day trading Futures and Forex, where you can trade along with me. 

We have hundreds of hours of training videos included in the lab that you can access any time as a member. 

You have just about a week to lock in the current price of the Trading Lab before we raise prices again. Remember, you can lock in this price forever by joining before September 1st. 

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Now let's get to the markets....

NASDAQ $NQ (Futures)

On Friday we added to our long $NQ position at 14,999.25 making it 7 total purchases of this long campaign. 

$NQ tested the midline of the neutral zone at 14789.50, getting below it on Thursday only to rocket higher, giving us a low risk opportunity to add to the position. 

The neutral zone is 14019.25 on the low end, and 15134 on the top end for the month. 

A close above 15,134 on the daily will signal the bullish breakout is again underway, until then we wait and add to our positions when the best looking sell setups in the world....fail. 

Taking a step further out, the monthly $NQ has signaled a bullish breakout closing the monthly candle above 14861.75 in July. That means any pullbacks will be bought until a monthly close below 6628.75. That's how bullish this market is, and that is what it'd take to wipe out all of the gains since the COVID bottom. And even then, it'd get bought. 

30 Year T-Bonds $ZB (Futures)

I've been getting a lot of requests for my thoughts on $ZB 30 Year US T-Bond Futures. 

Support came in around the 155'05 level and was confirmed by closing above the May high in June. 

The 2021 neutral zone for $ZB is 155'05 on the low end and 191'22 on the high end with a likely resting place at 173'14 in the middle, which is where we broke down from in January. 

Silver $SI (Futures)

Has confirmed a bearish breakout, on Friday, closing below 23.035 at 22.970, look to sell the pullback from here. 

Gold $GC (Futures)

Gold is in the neutral zone and does not suggest anything interesting at the moment. 

Bitcoin

Bitcoin has signaled a bullish breakout and has been spending the entire weekend getting held between 48000 and about 49500. 

It looks like clear manipulation to me. Likely there is a big order that needs to be filled before breaking $50k, but that's pure speculation on my part. Talking to the OTC desks and other fund managers, they say the same thing. This is similar price action that I've seen before some big company announces that they bought millions or billions. Again that's just speculation on my part. 

Of all the assets I trade, Bitcoin and Ethereum are the only two that are in bullish breakouts.

Silver is the only asset that I trade that is in a bearish breakout. 

Everything else is neutral, which is quite similar to every August I've traded since 1999. Summer doldrums. 

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