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Beneath the Bounce
Issue #156
Good morning!
Risk assets are holding up better as the bond market is now pricing a rate cut next week from the Fed. Crypto continues to lag, with most crypto-related stocks struggling as well. Data-wise, India’s GDP grew stronger than expected, while European inflation was softer than anticipated. On the geopolitical front, the US has opened a conflict with Venezuela, while peace talks between Russia and Ukraine remain at the centre of the conflict.
Looking ahead, the most important data we get before the Fed meeting are the US Core PCE Index and personal spending, both due on Friday. Prices are forecast to continue growing at a constant rate compared to last month. At the same time, spending is expected to grow more softly, overall supporting a rate cut next Wednesday (currently the base case scenario). Finally, data from China is expected to show an increase in export growth and year-on-year inflation (0.5% vs. 0.2%).
Trade Ideas This Week
We cover the following tickers:
Crypto: BTC/BCH, ZEC
Equities: SNDK, NXE, NUAI, IREN, MSTR
Remember:
✅ Read the trading plans carefully
🔔 Set price alerts
🎯 Time your entries
Enjoy!
Table of Contents
📊 Crypto
🔹 Foxy
📉 ZEC
– NL short entry at 565.3 dropped to a local low of 424.05 and went as low as 300.09
📊 Move: –46% unleveraged
🧠 NL short trade idea from two weeks ago continued selloff with clean target hits and deep extension
📉 FIL
– NL short entry at 1.572 hit the main target at 1.427
📊 Move: –9% unleveraged
🧠 Continued short trades week after week with clean targets.
📊 Equities
🔹 Donny
Ticker | Entry | Target | Gain % |
|---|---|---|---|
RUM | - | - | +10% last week |
NEM | $82 | TP1 hit, TP2 of $95 | +5% last week |
ELVR | - | TP1 almost hit | +17% last week |
NXE | - | - | +13% last week |
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