The 14th Week of Trading 2022.
After an initial surge in US equities to begin the trading week, the attempt to breach the wall of moving averages failed. The rest of the week saw all US indexes trade lower into Friday’s close, with cryptocurrencies leading the way, except Monero., Monero had an exceptional week of +12.42% and is now positive YTD.
European and Asia markets traded in tandem with their US counterparts, all negative except for the US’s FTSE with a positive +1.75% for the week.
On the other hand, The Impartial Lens model portfolios all finished positive for the week. As we mentioned last week, we had our eyes on volatility and were looking to get short the markets. Volatility exploded, so we went short with leverage the S&P 500, the Nasdaq, and Small Caps.
We will keep our stops tight, as always, and especially with leverage. We don’t usually like to place short-term trades, but when the opportunity presents itself, we will not hesitate. We are currently looking at the forgotten markets of South America.
Global Markets
Model Portfolio
The information contained here is for educational purposes only. Do not use this information as personal financial advice.