Market Thoughts - 1/3/2022
I wanted to shoot you a little update on some market trends and news that caught my eye. Keep in mind these are subject to change every day. The financial markets are very over-reactive. Any slight news can destroy the thoughts here.
Friday we saw Indexes push slightly push lower on a low volume week. This usually happens on a short week where most are out for the holidays. Retail/Consumer defensive stocks were up last week, which is to be expected on Christmas week.
Futures are completely green, with $VIX down almost 3% as of this writing. $VIX blood red is very bullish for $SPY.
SPY with a low volume week is not a very fun market to trade in, but a good time for long-term investors.
SPY with a double top around 479.03 was not very strong if you are bullish. The white line is the volume moving average on the daily. We were well under the MA. Investors coming back to the market after the New Year should give us good volume once again.
Bitcoin cannot hold the previous support around 48,000. We have now turned this key level into resistance above us. The 200ema is also on track to meet this level as well.
We have found a consistent bottom around 46k so this is a pretty decent accumulation zone if you are a long term investor Bitcoin. Keep stacking.
I look to see DeFi have some strong prices during this time. Lots of people have taken profits and are looking for places to earn passive income on their stablecoins.
TOTAL, which is the entire Market Cap of crypto, holding the 200EMA solidly. if you are in decent projects, and have confluence, we are in a greatly spot to dollar cost average in.
TOTAL3, which is Market cap without Bitcoin and ETH, looks the exact same.
Have a great week and let’s watch this jobs report closely for market reaction.
December jobs report, Federal Reserve meeting minutes, CES: What to know this week. Read More
Property Stocks Sink After Demolition Order: Evergrande Update. Read More
Bitcoin’s Net Exchange Flows Flip Bearish As Cryptocurrency Struggles For Directional Bias. Read More
Coinbase - Know someone curious about crypto? You’ll both receive $10 in Bitcoin when they buy or sell $100 or more on Coinbase!
DeFi Cultivator - This set of videos will go through a few core concepts along with demos of swaps, liquidity pools, farms, and more.
Too Much Money - This guide takes you step-by-step through the way I personally invest for dividend growth. It works the same way whether you have $100 or $100,000 dollars making this an approachable book for growing your income.
How You Can Reach Financial Independence In 5-10 Years! - Route2Fi is going to show you the steps he is taking to reach financial independence, and now he is going to teach you to do the same!
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