Close To All Time Highs!

StatsEdgePro

Welcome to the weekend market wrap-up! This is where we take a step back, review the stock, crypto, and FX markets, and prep for the week ahead. I’ll share my thoughts on some discretionary picks and give updates on trades from previous weeks. After this video, I’ll run my algorithms and record a members-only video with the latest entries, exits, and trade setups.

If you’re interested in getting access to that, head over to StatsEdgeTrading.com.

Bitcoin: Patience is Key

Starting with Bitcoin, not much has changed. Zooming out to the weekly chart, we see a potential cup-and-handle forming, but we’re still stuck in a tight range. I’ve got a small position from the lower end of this range, but it’s not huge. Bitcoin has historically had long periods of stagnation, and this could be one of those times. I'm waiting for a breakout above this range before adding more.

Gold: Breaking Out

Gold has been on fire, hitting new all-time highs. I’ve been holding a core position since it broke above $2,000. With the recent breakout, I’m selling bits here and there but will add more if we see a new setup. Silver is finally catching up, breaking out of its own range, and showing signs of strength as well.

The Dollar and Forex

The U.S. Dollar Index is stuck in a range, testing support for the third week in a row. A breakdown looks likely, which would push currencies like the Euro higher. The Yen continues to weaken, and we’re seeing follow-through selling after hitting a key level. Meanwhile, USD/CAD could reverse lower if the dollar weakens further.

Stocks: Rotation in Play

The stock market had a wild week, with the SPY bouncing sharply after a sell-off. We’re now at key resistance, but the equal-weighted S&P 500 (RSP) is pushing higher, signaling broad market strength. In contrast, the Nasdaq (QQQ) and semiconductors (SMH) are lagging significantly.

This shows a clear rotation out of tech and into other sectors. Homebuilders (XHB) are breaking out to all-time highs, a strong signal considering the recession fears. I’m also watching regional banks (KRE) and financials like JPMorgan and Goldman Sachs for potential setups.

StatsEdgePro Winners

Check out some awesome winners from StatsEdgePro over the last few week! Check it out here!