Pay Attention to Sentiment!

December 05, 2022

Hi There! December is here and I am super excited! Why? I get to join my fellow DCG Mastermind members in our annual Goal-Setting exercise this coming Sunday. We have big plans for 2023!

Last week was one of those sitting-at-the-edge-of-the-seat moments. JP (Fed Chair Jerome Powell) said the Feds will go slow and the markets went sky high. The S&P 500 broke November highs and cleared its 200-day moving average for the first time in this bear cycle. Bulls took the reigns in both the crypto and traditional markets last Wednesday!

Other key highlights from last week:

  • Jeff Bezos warned Americans of a looming recession

  • Miami Art Week: All the biggest announcements

  • The Graph is adding support for Polygon

  • Dollar index (DXY) lowest since August

We are heading into a lighter-news week:

As the current state of the market unravels, investors are repositioning for the worse that is yet to come. All eyes are on the Initial Jobless Claims release on Thursday and the Price Producer Index release on Friday. Will strong jobs report test the Fed's decision and the short-term rally?

  • Monday (12/05/22) - Expect volume to come in

  • Tuesday (12/06/22) - Expect an exciting afternoon of trading

  • Wednesday (12/07/22) - S&P up 15, down 6

  • Thursday (12/08/22) - Trade level to level

  • Friday (12/09/22) - Expect the bears to be in control

A whipsaw market is almost inescapable!

November Week 11/27 - 12/03 Recap

Billionaire Jeff Bezos is warning small businesses and consumers to keep “dry powder” on hand, and take some risk off of the table if the economy takes a plunge next year.

Art Basel has officially kicked off, and The Gateway continues with the most crucial projects in Web3. Don't miss our second day of coverage.

The Graph, a decentralized protocol used to index Web3 data, is adding support for Polygon on The Graph Network.

The U.S. dollar dipped to 16-week lows against a basket of major currencies on Thursday after data showed that U.S. consumer spending increased solidly in October, while inflation moderated, adding to expectations that the Federal Reserve is closer to reaching a peak in interest rates.

Special Tool & Strategy for the Week

NFTs are the cool kids in crypto!

What do Bored Ape Yacht Club, CloneX, CryptoPunks, and an NBA TopShot moment of LeBron James’ dunk have in common?

They are all NFTs (non-fungible tokens). Um…Non-Fungible? Fungible? What’s the difference?

If you trade a bitcoin for another, you have the same thing – Fungible

A one-of-a-kind collectible card – Non-Fungible. If you trade it, you get something different.

NFTs give holders/collectors digital ownership of a variety of irreplaceable, intangible items such as game items, music, domain names, digital art, and event tickets. They also give ownership records for physical assets like Fewocious x RTFKT Studios sneakers. Holders receive actual physical sneakers with the purchase of digital sneakers.

Inside DCG we hold NFTs for mid-range gains.

We also buy into NFT projects that have brought profits through short-term flipping resulting in 100% and higher gains (within as little as 24 hours).

DCG Masterminds were able to purchase NFTs for $1 that are now worth $100,000.00 plus.

Want to start collecting or trading NFTs?

Start with research!

Here is a quick guide:

  • Identify the project

  • Locate/browse the project website

  • Analyze project social media presence – Twitter, Discord, etc

  • Who is backing the project? Sponsors? Venture Capitalists?

  • Has the project been out long?

  • Note the project team and their credentials/experience

  • What is the initial NFT price?

  • Does the NFT come with a physical asset?

ACCESS TO ALL OUR TRADING STRATEGIES:

ALLIGATOR TRADING

STRATEGY FOR DAY TRADERS

AND

SWING TRADERS

The Trading Mastermind - Where Entrepreneurs Master Stocks,

Options, Forex,

and Crypto! When

you join DCG Mastermind You Get Access To Over 6, 7, and 8 Figure Traders.

The 10 Page Trading Plan is What Successful Traders Use. Take what you need to know and plan your month! Save hours every month and have a plan every day! Recession Proof Your Time and Trading.

If you are interested in joining the DCG Elite group for access or have questions, let's chat!