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  • 👀 Institutional Trader Development program launches, Gold Reversal incoming, Hedge Funds are back buying

👀 Institutional Trader Development program launches, Gold Reversal incoming, Hedge Funds are back buying

Lets get ourselves prepared for the week ahead!

Hi guys, it’s Kieran! The week is off and running and it’s sea of red in the markets again, so let’s buckle up and get prepared for the week ahead.

📢 Prop Firm Industry News

Raen Trading, the prop firm linked to ‘trading-twitter’ legend Tom Dante, supposedly backed by traders from global firms such as Jane Street, Point72, and Gelber Group launched last week. They have framed it as ‘an institutional trader development program’. They are using the same paid evaluation model similar to other online futures firms, with a recurring monthly subscription, but the rules and targets are very different.

They opened up a limited registration window which has already closed, but its worth following these guys as they will continue to open up registrations over time. Lot’s of buzz on social media about this and it will be interesting to see how it plays out.

From Payout Junction, here are the firms who have paid out the most over the last 7 days 🏆️.

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🕜 Economic calendar

Here are this week’s red folder news events. Non-Farm payrolls on Friday and US PMIs are the key events of the week. Trump is rolling out trade tariffs and who know what else, so headline risk remains high.

Time in CET (Central European Time)

📈 The Macro View

Second Monday gap-down in a row

We have opened this week with a very large gap-down in the S&P500. Same situation as last Monday, but a much larger gap this time.

Last week after the initial Monday drop, we ground higher throughout the week and ‘closed the gap’ on Friday. Lots of short term traders will be trading the “gap close” again this week, so it will be interesting to see how it plays out.

Fear and Greed - Unchanged

Zooming out, overall market sentiment remains neutral. Geopolitics, trade-wars, currency devaluations, lots to factor in, and lots of unknowns. No major sentiment reading in either direction yet.

Positioning telling the same story

Positioning on Goldman Sach’s Prime Book, is also still neutral. Not ‘streched’ in either direction. We await a breakout or breakdown in equity markets, to see a shift in market positioning.

Hedge Funds are back buying stocks.

We tracked hedge funds aggressively selling over the second half of last year. Since the turn of this year however, they are back buying in size, and adding leverage. A data point to keep an eye on.

All-time-highs in Gold last week, but a short term pull-back coming?

One for the traditional technical analysts. A breakout attempt resulting in a “shooting star” candle has tended to precede a pull back in Gold. The RSI is about to hit ‘Overbought’ levels as well. Not something that I use as a signal personally, but a notable pattern to watch how it plays out at least.

This year I am trading prop firms full-time. If you would like to follow my personal trading journey, you can do so on X here > https://x.com/kierangohil_. Last week, another payout from Blue Guardian!

OK guys that’s it for this week. Stay safe out there and see ya next week!

Kieran

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