Bow To Bitcoin!
“There is nothing new in Wall Street… Whatever happens in the stock market today has happened before and will happen again.” — Jesse Livermore
As the S&P 500 rockets upward, history reminds us: can this rally last, or are we replaying an old story?
In today’s issue, we cover the latest trends: UK inflation cooling down, gold climbing amid uncertainty, and chip stocks struggling after ASML’s guidance.
But beyond the headlines, success comes down to mindset.
In Mind Over Markets, we’ll explore how to stay resilient, even when doubt creeps in.
Get in!
🫅🏻 Bitcoin's Dominance Surges, Altcoins Struggle
The king of crypto is flexing its muscles, and altcoins are feeling the heat. While some are predicting a short-lived dominance, others believe it's a sign of a bigger trend. It's also a game of wait and see, but for now, Bitcoin is ruling the roost.
✈️ Where will S&P 500 end the year?
It's a strategist scramble! The S&P 500 has taken flight and left everyone in the dust, and analysts are scrambling to catch up. The question on everyone's mind is: Can this rally keep going?
🇬🇧 UK Inflation Falls Below Target, Rate Cut Looms
It's a win for UK consumers! Inflation has finally cooled below the Bank of England's target, and a rate cut is on the horizon. It's a much-needed relief after months of rising prices.
🇦🇺🥂 ASX Dips Amid Tech and Energy Weakness, But Gold and Banks Shine
It's a mixed bag on the ASX! While some sectors are struggling, gold and banks are having it good! It's a reminder that not all stocks are created equal, and it pays to diversify your portfolio.
🪙 Gold Prices Continues to Climb Amid Rate Cut Uncertainty
Gold prices are on the rise as investors weigh the implications of recent comments from central bank officials on interest rate cuts. It's a game of wait and see, but for now, gold is looking good.
💾 Chip Stocks Tumble on ASML Guidance, Export Concerns
It's a perfect storm for chip stocks! ASML's guidance is a major setback, and the potential export restrictions are adding to the uncertainty. Investors are scrambling to figure out what's next, and it's not looking good.
📱Chip Crash Drags Asia Market Down, China in Limbo|
Disappointing news from chip giant ASML sent Asian markets tumbling, while China's stocks remain volatile as investors wait for concrete stimulus details.
Donchian Channels
Donchian Channels are a technical analysis tool used to identify trends and potential reversals in the market.
They are created by plotting the highest high and the lowest low of a specified period (e.g., 20 days) on a chart, forming an upper band and a lower band.
What to Look For:
- Channel Width: The width of the Donchian Channels indicates volatility. A wider channel suggests higher volatility, while a narrower channel suggests lower volatility.
- Breakouts: When the price breaks above the upper band or below the lower band, it can signal a potential trend reversal.
- Mean Reversion: Prices may tend to revert back to the middle of the channel after reaching the upper or lower band.
So, I was chatting with a beginner trader the other day. He’s 25 and feeling like life’s passing him by—watching his mates “achieve big things”, while he feels like there's nothing to his name yet.
In his words, this is his wish “Man, I just hope this trading thing works out for me.”
Man, that feeling of loneliness as everyone else zooms ahead is tough.
If this is you, dear reader, I feel you, my friend. Sometimes, we just look up at the ceiling, wondering if it’s all gonna work out, with doubt creeping in.
But here’s the deal: life doesn’t hand you roses every day.
EVERYONE HAS THEIR TIME AND SEASON.
What really matters is showing up, EVERY DAY, even when it’s hard. What matters is BELIEVING IN YOURSELF.
And when you see others winning? Don’t sweat it! Praise them and say to yourself, "It’s only a matter of time."
Keep grinding, keep believing, and trust me—when it clicks, no one will stop you.
Your time is coming. Just stay in the game.
I wish you all the best, friend.
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