Gm friends,
Welcome back to another Premium Investor Report.
Let’s jump in!
Here’s what’s in today’s issue:
- Technical analysis on the current market.
- A mid-week snapshot of market trends.
- 6 top protocols to park your stablecoins and earn yield.
Market Analysis
It’s a huge week, so expect plenty of volatility in prices starting today through Friday. Here’s the rest of this week’s schedule for events that will have an impact.
- Fed’s FOMC Meeting: Concludes today. The interest rate decision is announced at 2:00 PM EST, with Papa Powell getting on the mic at 2:30. We should get a 25 bps cut, but Powell’s garblings might move the markets further. If he garbles that QT is officially done, that should be a further boost in prices. But hawkish garblings will do the opposite.
- European Central Bank and Bank of Japan Interest Rate Decisions: Released tomorrow.
- Trump and Xi Meeting: Happens tomorrow. The markets won’t like it one bit if this meeting doesn’t go well.
- Corporate Earnings: Released today through Friday from big companies (e.g. GOOGL, MSFT, META, AMZN, AAPL, etc). These will move the stock markets, which will impact crypto.
- US Economic Data Releases: Released today through Friday. US consumer confidence data comes today, US Q3 GDP comes tomorrow, and US Core PCE inflation for September comes out Friday.
It’s a lot to track, but having a general sense of what’s coming and when will better help you navigate your moves in the markets.
Ok, let’s get to the charts.
S&P 500 (Stock Index)
When we looked at the S&P 500 last week, prices were in the midst of a slight correction, but we thought the odds were good that prices would once again break into new all time highs. And that’s what happened at the start of this week. The former all time high at 6,763 snapped, and the index ran up to by mid-week.
Now the S&P typically likes to keep grinding sideways and up. And the macro landscape is tilting more bullish than bearish. Moreover, look at the MACD line breaking up and away from the signal line (above the zero line). All of this tells me that the S&P will probably be higher one week from now than it is today.
SIGNAL: Try to catch a limit long fill on a slight pullback. I like limit long fills between 6,800 to 6,850.
Gold (Metals)
Gold is showing some serious volatility. Over this last week, from all time high to local bottom, the world’s largest asset dropped 11%. Crazy. So with gold getting as low as $3,880, and climbing back above $4K at the time of this writing, the question now is have we hit our next local bottom.
Well, here’s what I’m seeing that makes me think that the local bottom is here, or we’re very close to it. (1) Gold came within $30 of retesting the 50D EMA as support. (2) The RSI dipped below 50 but has now pulled a u-turn back up. (3) The downwards MACD histogram bars appear to be leveling out. (4) The bottom wicks on these last two daily candles show that buyers are defending prices below $4K.
SIGNAL: Time to go long. Market longs are open now, with prices around $4K. If you want to wait for more of a bottoming confirmation, wait for the MACD line to flatten out (i.e. stop tilting down).
Bitcoin (BTC, Crypto)
We’re on the 4 hour for Bitcoin, and this chart isn’t looking too good. My…
Hi! My name is Lark Davis!
I’m a cryptocurrency investor with years of experience and I’ve been making consistent profits in the crypto space.
I’m passionate about helping others do the same, so I run multiple educational channels on crypto investing.
