Week of: 11/8/21 – 11/12/21
The World Wealth Gauge is showing that there’s a lot of money flowing into the small cap space, which typically means the market’s risk appetite is high and the sentiment is bullish.
I’m also seeing a similar trend in the discretionary sector.
On the bearish side, we have the currency pairs.
JPY is continuing to show strength against the AUD, while the USD still remains strong versus the CAD.
My favorite trade this week is AUDJPY short.
I have a stop set at 86.25 on the higher side and two price targets – one at 79.50 and the other at 78.25.
Check out this week’s top picks video for strategy details.
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