Welcome to the Friday Market Finale! In this weekly series, I break down everything that’s been happening in the markets and offer insights into what might come next. We now have dedicated content for every day of the week (except Tuesdays). Here's the schedule:
Monday: Forex & Crypto Deep Dive
Friday: Market Wrap-up with a broader look at key movement
Today’s focus is Bitcoin, which is showing a classic cup-and-handle pattern, indicating a potential breakout. We also take a look at the dollar index (DXY), which is testing critical support levels, and gold, which hit new weekly highs. On top of this, China has shown significant strength this week, with stimulus packages creating ripples across the markets.
Key Sectors to Watch:
Semiconductors are showing weakness with SMH lagging.
China-related stocks like Las Vegas Sands are benefiting from economic strength in Asia.
Real estate and energy sectors are catching some bids as well.
As always, if you want more actionable ideas and insights, including output from my algorithms, head to StatsEdgeTrading.com. Join the Stats Edge Pro community for access to my algorithms, trade ideas, and private Discord discussions.