Market Wrap - The Agony and the Ecstacy

Market Wrap – The Agony and the Ecstacy

Louise

October 16, 2022

Chris Tate says that all market moves occur within the context of their historical background.

He says: “If you fail to understand what this historical context is then it’s most likely that you will be jumping at the shadows every time the market makes any sort of move that excites you. In this market wrap, I put into context the extreme moves in U.S. markets that occurred last week and I tell you whether they have any meaning for traders at all or whether they are just noise that is designed to suck in naive traders.”

Talking points in this episode:

What on earth happened on Thursday and Friday in the US markets? Was there any reason whatsoever for the explosive recovery on Thursday and the collapse again on Friday or was the market just having a hissy fit?
What do these sorts of moves mean for traders both in the short term and the long term?
Did anything change at all and what does history tell us about these sorts of moves and what happens to the stockmarket after these moves?
What is the underlying strength of the local market and how do we decide if the market is fragile or not?
If gold is supposed to be a hedge against inflation what will happen to the price of gold when perceptions around inflation change?
If you are involved in coal stocks such as WHC and NHC you might want to hear what I have to say about the price of coal.
How is the long-term strength of the US dollar locking out new foreign exchange traders from the market?
Find out why Bitcoin is the most interesting chart going around at present and what the current price action says about a future possible move.

About Chris Tate

Chris Tate is one of the first people to ever release a share trading book in Australia. He is the best-selling author of ‘The Art of Trading’ and ‘The Art of Options Trading in Australia’. He’s been running the 6-month repeat-for-free www.tradinggame.com.au Mentor Program since the year 2000, and he’s also the founder of www.talkingtrading.com.au, a free weekly trading podcast.

With a background as an immunologist, and his previous work as a bouncer, Chris’s life experiences will amaze you. When he’s not hanging out with his traders, he can be seen lifting weights at the gym, enjoying yoga… and trying to get a personal best time on his rowing machine in his garage.