Volatility Means Trade Less

Issue #93

August 27, 2024 • Estimated Reading Time: 3 minutes

Good morning!

US equities continue their uptrend, fuelled by dovish commentary from Powell and explicit signaling for the first rate cut since March 2020 at the peak of Covid. The market is now pricing almost in full certainty a rate cut in the Sep 18 meeting. Other than the FOMC minutes, the leading news of last week was the downward revision of Non-Farm payrolls, which supports the commencement of rate cuts as the labor market is looking to be cooling off.  

US Equities are now just shy of their ATHs, while crypto has decoupled and is still underperforming. Notably, Japanese equities have exhibited an impressive recovery of more than 20% from their recent lows, erasing their losses after the BoJ rate hike. 

Our technical analysts discuss trading plans for TRX, RUNE, NEAR, JUP, JTO, and STX this week. This week, @Pidgeonn will cover BTC exclusively on Telegram, so stay tuned! Out equities analysts cover MTAL and uranium. Follow the detailed plans carefully and pull the trigger only at the recommended levels! Finally, we will provide updates on Web3, the NFT market, and the AI sector. Enjoy, and happy trading!

  • MTAL (Donny English) - In Week 88, we highlighted $10.50 as our key level to make a high-conviction tactical trade. This level was hit on Aug 7 and has returned a tidy 17.5% unlevered return in 3 weeks for those that followed the trade.

See the calls from last week. Many positions are still waiting to be resolved. Patience is key here.