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- 👀 Extreme Greed, Silver Breaking out, Netflix & chill
👀 Extreme Greed, Silver Breaking out, Netflix & chill
Lets get ourselves prepared for the week ahead!
Kieran Gohil
October 21, 2024
Hi guys, it’s Kieran! Another week in the markets is upon us, so let’s get into it.
📢 Prop Firm Industry News
There is a huge amount of interest and social media focus on Futures prop firms currently.
Futures behemoth Apex Trader Funding has released their 3.0 update with lots of changes and clarifications. You can check out all the details via the post below
🚨 BREAKING: APEX MASSIVE UPDATE 🚨
Apex just released a 3-hour video detailing HUGE changes and I’ve summarized it for you! ❤️
Share & Leave your feedback below! 👇Table of Contents:
1️⃣ New Program: Apex 3.0 (Effective Oct 21st)
2️⃣ Schemers & Payout Denials
3️⃣ Prohibited Eval… x.com/i/web/status/1…— BrianStonk (@thebrianstonk)
3:35 AM • Oct 20, 2024
Plus another 2 Futures firms coming soon. Blue Guardian and AquaFunded are both launching Futures programs imminently.
Launching 2 new futures firms in the coming weeks.
Make sure to join the waitlist now for an exclusive discount and huge giveaways👇
Blueguardianfutures.com
— Sean Bainton (@BaintzCEO)
6:51 PM • Oct 20, 2024
Share your Prop Firm opinions in the PipFarm Q4 survey. Everyone who completes the survey gets a 50% discount code, so I highly recommend doing so! Click this link to complete the survey https://partners.pipfarm.com/s/ulCCE
From Payout Junction, here are the firms with the highest payout volume (Rise) over the last 7 days 🏆️
🔥 Follow Payout Junction on X - https://x.com/payoutjunction
Monitor prop firm payouts LIVE on Payout Junction -https://payoutjunction.com.
🕜 Economic calendar
Here are this week’s red folder news events. Euro Area PMIs and US Unemployment Claims the key events to look out for, alongside lots of central bank chatter.
📈 The Macro View
Extreme Greed
We’ve just ticked in to Extreme Greed territory. Not a reason to sell, but caution is advised adding longs here. Still only a 75 reading though, so we could still have more room to run.
Positioning not stretched…yet
Positioning on Goldman Sachs Prime book is still not stretched though, meaning many big players are still sitting on the sidelines. With the US election a few weeks away this does make sense, but with sentiment and conditions so favorable, it’s hard to resist the FOMO however big the book you are trading is. One to watch.
Silver breaking out
It’s make or break time for metals. Gold is at all time highs and silver is now attempting a breakout of long term structure. Fakeout or breakout? We’ll find out soon.
Netflix & chill
Here’s a fun one I came across this week. “Someone who signed up for Netflix in 2007 (when they launched streaming) would have spent $2,075 on their subscription. If they invested that same $2k into NFLX stock, it would be worth $372,000 today.” Makes you think! 😁
That’s it for this week. Have a good one and stay safe out there!
Kieran
What do you think of this week's newsleter? |
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