New Week, New High

Issue #105

November 19, 2024 • Estimated Reading Time: 4 minutes

Good morning!

Risk assets across the board remain in sight of their ATHs. Last week, US inflation data printed on par with expectations, while Powell signaled that the economy and labor market are strong. This allows the FED to be flexible with future rate cuts since inflation is also moving towards its target. The main events to look out for next week are FOMC minutes on Tuesday and US GDP, PCE, and personal spending due next Wednesday. 

This week, our technical analysis covers the following tickers: HBAR, EURUSD, ETHBTC, ETH, KAS, SOL, LINK, FTM, and MOG. On the equities front, we provide trade ideas on IGV, AFRM, SQ, NXE, UEC, DNN, and Gold. Follow our analysts’ trading plans and the recommended levels to get involved! Enjoy!

  • Our Telegram TAO long trade reached $620 from our $506 long entry for 23%+ unleveraged.

  • Our Newsletter MOG long setups triggered printing for 69% and 16% unleveraged.

WANT MORE?

We’ll make it easy for you! Upgrade to Premium and gain an edge in the markets with industry-leading insights and analysis.

Disclaimer  

Wizard of Soho LLC and Weekly Wizdom publish financial information based on research and opinion. We are not investment advisors, and we do not provide personalized, individualized, or tailored investment advice, nor do we provide legal advice or information. The publisher does not guarantee the accuracy of the information provided on this page. All statements and expressions present are based on the author's or paid advertiser's opinion and research. Directly or indirectly, no opinion is an offer or solicitation to buy or sell the securities or financial instruments mentioned.

As news is ever-changing, the opinions included should not be taken as specific advice on the merits of any investment decision. Investors should pursue their investigation and review of publicly available information to make decisions regarding the prospects of any company discussed. Any projections, market outlooks, or estimates herein are forward-looking and inherently unreliable. They are based on assumptions and should not be construed to be indicative of actual events that will occur.

Contrarily, other events that were not considered may occur and significantly affect the returns or performance of the securities discussed herein. The information provided is based on matters as they exist on the date of preparation and do not consider future dates. As a result, the publisher undertakes no obligation to correct, update, or revise the material in this document or provide any additional information. The publisher, its affiliates, and clients may currently or foreseeably have long or short positions in the securities of the companies mentioned herein. They may, therefore, profit from fluctuations in the trading price of the securities. There is, however, no guarantee that such persons will maintain these positions. Unauthorized reproduction of this newsletter or its contents by photocopy, facsimile, or any other means is illegal and punishable.

Neither the publisher nor its affiliates accept any liability for any direct or consequential loss arising from any use of the information contained herein. By using the website or any affiliated social media account, you consent and agree to this disclaimer and our terms of use.