We'll help you map out a plan to fix the problems in your trading and get you to the next level. Answer a few questions on our application and then choose a time that works for you.
BOOK YOUR FREE STRATEGY SESSION NOW >>It was undoubtedly a quiet week in the markets, partly because the U.S. stock markets closed Thursday for Thanksgiving. Most markets moved little, except for some commodities (Natural Gas, Coffee, Soybean Oil) that posted slightly larger five-day returns.
Nearly stalled was Bitcoin, which seems to have consolidated around 16,170.
To learn more about how the markets are moving and the volatility trend, don't miss our weekly overview!
Enjoy the video!
Hey everyone and welcome to another one of our videos. One of the coaches at Unger Academy here, and this is our usual chat that we have on weekends about market trends from the week.
Okay, so this was a pretty short week for US equity markets due to the Thanksgiving holiday.
And maybe that's why we weren’t seeing any particular movements.
So, all in all, it was a quiet week, except for a couple of underlying assets.
But let’s start as usual with the U.S. indexes.
This chart shows the Nasdaq, which is up 0.80% right now.
The mini SP 500 is doing a little better, +1.40%. European stock markets are also performing well.
So, the stock indexes are all up this week, and bonds are also up.
Bonds have been trending up for some time now against the trend that we've seen over the last nine months. Let's see if this is it and if we’ve finally hit the bottom.
Now let's go and take a look at the Energy market now. Crude Oil is in a slightly negative trend.
Heating Oil is also negative. Gasoline is doing better and Natural Gas, wow, it's going so much better, look at that, +9% at the moment.
In the precious metals market, on the other hand, there are no significant movements at the moment.
As far as the meat market is concerned, well, all in all, the movements here are also relatively small.
A few things are moving instead in Soft commodities, particularly Orange juice, which is up by +3%, and Coffee, which is up by +4.60%.
Turning instead now to Grains, there’s no particular movement in sight. The futures that has moved the most is the Bean Oil futures, which is up by about +4% right now.
However, on the currency front, we’re seeing a general weakness in the US Dollar. All the signs are green. Look at the Euro-Dollar, which currently has a value of 1.0380.
Finally, let’s look at Bitcoin, which is up by +0.60% at the moment. We all know the volatility factor of Bitcoin. So, we can say that it’s been standing still this week, and it's consolidating around this new level of 16,170.
Finally, in terms of volatility, we’re seeing a decrease in short-term volatility, while long-term volatility is still quite high for both the Nasdaq and the Mini SP 500.
In contrast, the volatility of European stock markets is much lower over a one-year time frame.
Let's take a look at the volatility term structure. Again, we have a slight decrease in volatility. The term structure is in full contango.
As for the VIX, it is near the lows of the last six months. So, I’d say that all is pretty calm in the equity markets. The traders' outlook shows no signs of fear about the near future of the stock markets.
Let’s now move to the rollover calendar scheduled for next week. I can already tell you that there won’t be any rollovers next week, but here I'm reporting the first ones after the end of next week.
So, we'll start with the European bond futures, namely, Bund, Bobl, and Schatz. And finally, in the same week, we also have the rollover on the U.S. equity indexes, which, as you know, rollover a few days in advance.
Alright, and with that, before we say goodbye, I want to leave you with some advice. If you are interested in systematic trading, I suggest that you go and have a look at the link in the description of this video, where you can go and view a free presentation by Andrea Unger, the only four-time World Trading Champion in real-money trading who will show you his trading method called the Unger Method.
In addition, you can also get our best-seller book, "The Unger Method," covering only the shipping costs, or go and book a free strategy consultation with a member of our team.
And guys, that is it for today!
Please, just a reminder: subscribe to our channel, go and click on the notification bell and leave us a Like if you enjoyed this video! Thanks again.
I will see you next week! Bye-bye for now!
We'll help you map out a plan to fix the problems in your trading and get you to the next level. Answer a few questions on our application and then choose a time that works for you.
BOOK YOUR FREE STRATEGY SESSION NOW >>Andrea Unger here and I help retail traders to improve their trading, scientifically. I went from being a cog in the machine in a multinational company to the only 4-Time World Trading Champion in a little more than 10 years.
I've been a professional trader since 2001 and in 2008 I became World Champion using just 4 automated trading systems.
In 2015 I founded Unger Academy, where I teach my method of developing effecting trading strategies: a scientific, replicable and universal method, based on numbers and statistics, not hunches, which led me and my students to become Champions again and again.
Now I'm here to help you learn how to develop your own strategies, autonomously. This channel will help you improve your trading, know the markets better, and apply the scientific method to financial markets.
Becoming a trader is harder than you think, but if you have passion, will, and sufficient capital, you'll learn how to code and develop effective strategies, manage risk, and diversify a portfolio of trading systems to greatly improve your chances of becoming successful.
