Week in Review (Jan. 12 – Jan. 18)
Equities - BYND, DIS, MCD, SHAK were all profitable realized gains. LEVI, CGC, and CRON are being held with gains (unrealized since position is open).
GDX (gold), SCO (oil), and SPXS (SP500 inverse ETF) are continued to be held as a hedge against market downturn with losses in 10% range. These losses can become realized gains very quickly. We continue to monitor as we use short bullish positions for options spreads or day trading to reduce risk, just in case market turns down, and we already have some hedge in place to profit from correction.
Crypto – Bitcoin spiked above $9k touching the 200MA. This was a test and we are waiting for entry into the gap fill on GBTC chart. We may see $7k for only a moment.
Looking Forward to (Jan. 19 – Jan. 25)
Equities – We will continue to use short entry positions using earnings catalysts to avoid market pitfalls. Additionally, we reduce risk by maintaining small positions in hedges (SPXS, GDX, and SCO). Bitcoin is also considered a hedge against market downturn in my opinion.
Crypto - If people are not positioned in Bitcoin, I recommend adding a 10% position size at $8500 or under $9.50 for GBTC. Then we wait for adding to position in the $7400 area for Bitcoin ($8.75 or less for GBTC).
1. 12mins 24secs. Leading Indicators and average length until recession https://www.youtube.com/watch?v=gUiPL3Qi5bM
2. 1min55secs. Former Dallas Fed Reserve President says SP500 market expansion is directly related to Fed balance sheet. https://www.youtube.com/watch?v=bzZnSZf0-2I
Check Video Analysis section this Sunday 1/19, for updated Bitcoin strategy.