Sign up to our newsletter and be the first to receive the Weekly Perspectives newsletter delivered directly to your email inbox.
The holiday season is right around the corner so I’m happy to announce the date for our annual Montreal Traders Christmas Party!
Join me on Friday, December 20, 2019 from
7:00-9:00 PM at Clébard to ring in the holiday season and celebrate the year’s trading successes.
As always they’ll be plenty of opportunities to exchange ideas, ask questions, as well as a chance to win over $500 in special prizes and giveaways!
RSVP early as seats are limited. RSVP includes a ticket to a beverage of your choice.
In case you missed it, this week the NA indices took a breather while the cryptocurrency markets took a tumble to multi-month lows.
As I’ve been sharing for the past several weeks the cryptocurrency markets were in a precarious position and this week the sellers finally overwhelmed the buyers causing prices to tumble below October’s lows.
In this week’s video, I review the short-term reversal sell signal that took all the indices back to their 8-period daily EMA’s and review how I was positioned short on Bitcoin and Ethereum well before this week’s sell-off.
The upcoming week will be a holiday-shortened trading week for US equities as our American friends take off Thursday to enjoy Thanksgiving.
Watch this week’s Weekly Outlook video to see the setups and levels we’ll be watching.
In this week’s video, we look at the technical outlook for the VXX SPY QQQ IWM DIA EEM TSX TLT GLD BTCUSD EEM CAT HAL DE CSIQ X PS GDDY ZYNE BABA NIO and more for the week of Weekly Market Outlook For – November 25 – 29, 2019.
This year has not been a good year for Canadian crypto exchanges.
First, we had the collapse of QuadrigaCX in January and just this past month Canadian crypto exchange Einstein Exchange was shutdown leaving its users in the lurch to the tune of US$12 million.
Now, this provocative expose by Vanity Fair asks the $250 million question – what if QuadrigaCX founder Gerald Cotten had planned this all along? By retracing Cotten’s early roots in Ponzi and investment schemes they make a pretty good case for why there may be a lot more to the Quadriga story than it first appears. 🤔
Btw earlier in the year at the Modern Trader Summit, I spoke about the counterparty risks inherent in the highly unregulated cryptocurrency space.
So if you’re trading or considering trading cryptocurrencies I highly suggest re-visiting my presentation Thriving in the Volatile World of Cryptocurrency Trading – 4 Road Rules to Deal with the VUCA of Cryptocurrencies.
Happy trading and Happy Turkey Day to our American friends!