Will There Be a Santa Claus Rally?

December 19, 2022

Hi There! The 2022 FIFA World Cup ended with a big bang. Argentina secured the win in an extra-time penalty kickoff. What a match!

Now for the markets!

Last week will go down in every trader's journal as one of the most challenging weeks of 2022 in response to the big trio - CPI, Fed Interest Rate, and Triple Witching. If you traded level to level and secured profits, kudos to you!

Big news for NFT collectors and investors - ConsenSys, a leading Web3 company, announced MetaMask integration with PayPal. Users can easily buy NFTs through MetaMask's recent PayPal update.

In case you are wondering, the FTX Contagion is not yet over. There was a second bankruptcy hearing last Friday. During the hearing, the Bahamas denied improper conduct and asked that their legal system be respected.

Other key highlights from last week:

  • Popular Web3 Game raises $14M during a crypto winter

  • Japan to exempt token issuers from corporate tax

Things to watch out for next week:

Historically, the last two weeks in December have been bullish. This year, however, Mr. Scrooge (aka the Federal Reserve) has put a damper on the market's bullish anticipation, creating FUD (fear, uncertainty, and doubt). In the week leading into Christmas, investors are wondering if there will even be a Santa Claus rally due to the Fed's aggressive tightening policy, potential recession, and weakening profit margins.

Here are key things you should note in the week ahead:

US investors will be closely watching the Housing Data releases, Earnings, Consumer Confidence, Personal Income and Spending, and Durable Goods.

For my Forex peeps: Watch out for medium-to-high impact news that may affect any of the EUR, GBP, JPY, and/or CAD pairs.

What's the anticipated bias (not financial or investment advice):

  • Monday (12/19/22) - Trade in and out today

  • Tuesday (12/20/22) - Good day to sell

  • Wednesday (12/21/22) - Expecting a dip buy

  • Thursday (12/22/22) - Bullish - Volume coming in

  • Friday (12/23/22) - Take profits

Volume, sentiment, and timing are everything!

December Week 12/11/22 - 12/17/22 Recap

Stock market: Dow sank 700 points as recession fears mount

A new update from Metamask now allows users to easily and securely buy ETH using PayPal in the app. Here's what you need to know.

A part of the bankruptcy agenda stated that the FTX debtors are no longer seeking to keep the record sealed. Consequently, information on FTX creditors is likely to be doxed.

Web3 Gaming Company DOGAMI raise $14 million in seed funding with a $7 million extension from VC firm XAnge.

Key Dates Ahead 12/19/22 - 12/23/22

Crypto Special Delivery - Crypto Buying Guide

The Crypto market changes quickly! Several new tokens/coins (including scams) are launched daily. It is very important to do your due diligence to find solid projects to buy into. That is, projects that thrive in a bull market and survive during a bear market.

To find such projects, follow these simple steps:

1. Find a niche. It is easier to master one niche than if you were to take projects from all over the crypto space.

2. Data Analysis. Projects with big market caps and low circulating supplies tend to 20x if you buy at a bottom (accumulate) and ride the wave up.

3. Research. Conduct thorough research on the project. Browse the project website and social media pages. Read the whitepaper and roadmap. Note the project team and partnerships. Note community engagement for the project.

Here are four cryptos to get you started on your research. These are expected to increase up to 20x in the next bull cycle: $SFUND, $UOS, $PYR, and $GALA

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Disclaimer: The information provided in this report does not constitute investment advice, financial advice, trading advice, or any other sort of advice and you should not treat any of the report’s content as such.