Bear rally or market bottom? [Video]

Ming Jong Tey Independent Analyst

In this weekly live session 25 (Chinese New Year special open door) video replay, you will find out:

Why Russell 2000 is the worst performing and how you can profit from it.
Analysis of the market breadth and what’s different this time?
Price target for Russell 2000 based on Point and Figure (P&F).
Market Outlook: S&P 500, Nasdaq, Russell 2000, Dow Jones, Crude Oil, Bitcoin.
How to gauge the market environment with this newly developed screener (beta version).
How to manage the existing trades in HSI, KC, 2U, OZON, BMBL (to protect up to 30% of profit).
Trade Review in swing trading GREATEC and day trading ES.
US stock trading opportunities: MDRX, WMB, TRGP, EHTH, REGI, VERV, PATH.
Bursa stock trading opportunities: ECOWLD, ANCOM, JADEM, PMBTECH, MSC, INNO, METAL.
Q&A: BABA, Greatec, D&O, Genetec, Hextar, Ecowld, Pmetal, Kobay.
And a lot more.

Click and watch the video below on YouTube (Pro Tip: adjust the speed to 1.5–2X):

Author

Ming Jong Tey

Independent Analyst

Ming Jong Tey has been trading since 2008. He started his learning journey from technical analysis (indicators, Fibonacci, etc...) to value investing. Throughout his journey, he develops an interest in price action with chart pattern trading.

AUD/USD keeps range near mid-0.7100s as USD bulls await US CPI

AUD/USD steadies near mid-0.7100s in the Asian session on Friday, stalling the previous day's sharp decline to an over one-week low. The August PPI report reaffirmed Fed rate-hike bets and boosted the US Dollar on Thursday, which weighed heavily on the pair. However, hawkish RBA expectations limited losses for the Aussie as USD bulls now await the release of the US consumer inflation figures before placing fresh bets.

USD/JPY holds lower ground toward 154.00; looks to US CPI

USD/JPY holds lower ground toward 154.00 in the Asian session on Friday after hot Japanese PPI data bolster a more hawkish BoJ repricing and provide fresh impetus to the Japanese Yen. However, the downside appears capped as the US Dollar preserves overnight gains ahead of the latest US consumer inflation data.

Gold: Gains remain capped by $4,400

Gold regains composure and trades with decent gains on Friday, managing to refocus attention on the $4,440 mark per ounce troy. Therefore, the precious metal reverses Thursday’s decline as the US Dollar alternates gains with losses at the end of the week.

Ripple Price Forecast: XRP extends decline as returning ETF inflows fail to lift outlook

Ripple (XRP) falls below $1.33 on Friday, marking the third consecutive day of declines. The token continues to track the broader cryptocurrency market downturn, with investors closely monitoring heightened macroeconomic uncertainty ahead of the United States (US) Consumer Price Index (CPI) release and next week’s Federal Reserve (Fed) monetary policy decision.

Weekly focus – The hawks set the tone

Risky assets came under pressure this week as energy prices kept creeping higher and the ECB surprised the markets with a hawkish tone. The price of Brent crude touched USD 110 per barrel on Thursday night, highest since mid-May, as news emerged that the Yemeni Houthis had reached control of key port cities and islands near the Bab el-Mandeb strait.

Venezuela’s 65-billion-barrel Oil deal could reshape America’s inflation fight

The United States (US) has secured unprecedented access to part of Venezuela’s vast Oil reserves. The timing is particularly significant as the war with Iran is disrupting Middle Eastern supplies, keeping energy prices elevated and reviving concerns about inflation.