SC Weekly Outlook – A Spark in Sentiment?

Overview:

The purpose of this article is to provide some insight into potential upcoming trades and portfolio management across several markets.  With the G20 and several Fed speeches past, the focus will be on Non Farm Payrolls (NFP) this week.

The crypto space is showing some signs of a reversal but there is still short term risk to the downside.  With the Trump and Xi finally making some in roads to a trade deal market sentiment is likely to turn positive this week.  Will this spark the Santa Rally, and will the positive sentiment spill over into the Crypto Space?

 

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5 Responses
    1. Andrew Gonci

      Hi Ales, I will post a separate article when we buy. Buying the market open on a Monday is never a good idea. Sometimes it works, but more often then not it is a regretful move.

  1. Dennis Flowers

    For those of your subscribers who held on to OMG, NEO, and other alt coins, and are now regretting it but could financially handle them going to zero, would you recommend selling at this point to cut losses considering the probability of BTC reaching $3k?

    1. Andrew Gonci

      Hi Dennis, At this point I am not selling any of the coins I have as ugly as it looks. The reason we sold OMG and NEO and trimmed up was because of the long consolidation and if it broke lower, they were more likely to get crushed than Bitcoin. If I miss the breakout to the downside, I just hold as often it is selling into a bottom. Let’s see what happens over the next couple days.

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