Week of: 12/03/21 – 12/10/21
The World Wealth Gauge is showing there’s money flowing into the mid cap space, which typically means the market’s risk appetite is low.
Here’s the drill – Hedge fund managers and institutions move their money into midcaps and large caps when they’re worried and looking for safety.
There’s a risk off on the currency side as well and that leads me to my favorite trade this week.
It’s the same NZDJPY short trade we saw last week.
I’m looking to sell between 78.85 to 80.70 with a stop set at 80.70. And my target on this trade is set at 74.20.
My video talks about why I love this move and how there are some awesome patterns playing out for this currency pair.
Check out this week’s top picks video for strategy details.
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