⦿ Market Recap
The bears once again had the upper hand this week. Despite a gap-up opening on Monday, the markets failed to build on momentum, and sellers dominated the rest of the days.
Given the weak sentiment in equities, our focus shifted toward commodities:
SILVER showed strength and offered a low-risk entry opportunity as it attempts to break out from a base near its all-time high.
GOLD has rallied for 8 consecutive sessions, and momentum is strong. We are patiently waiting for consolidation before considering fresh positions.
Meanwhile, on Wall Street, NASDAQ dipped on Friday after a gap-down opening, adding to the cautious tone.
⦿ Outlook for upcoming days
We do have a few stocks on the radar, but we are holding back immediate entries. Conditions need to stabilise before we commit capital.
Timely updates and actionable setups will be shared in the Telegram group as the market environment improves.
⦿ From the Stocky Mind Community
Focus on the process ⚡️
⦿ Quote of the Week
"In markets, patience is not the ability to wait, but the ability to keep a clear head while waiting."
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⚠️ Disclaimer
The information shared in this newsletter is for educational and informational purposes only.
It is not financial advice or a recommendation to buy or sell.
Please do your own research or consult a certified financial advisor before making any trading or investment decisions.