Channel: Spencer Li (Synapse Trading)
🌍 DAILY NEWS HIGHLIGHTS! 🌍
Date: 29 May 2024
📌 OpenAI Former Safety Leader Moves to Anthropic: Jan Leike, who co-led OpenAI's superalignment group, has joined rival AI startup Anthropic, marking a significant shift in the AI safety landscape.
📌 GameStop Shares Surge After Stock Sale: GameStop's stock soared over 20% following a $933 million stock sale, rebounding sharply despite recent volatility.
📌 Adam Neumann Withdraws WeWork Buyback Bid: Adam Neumann has abandoned his effort to repurchase WeWork, citing the company's bankruptcy plan as unrealistic.
📌 Hess-Chevron Merger Moves Forward: Hess shareholders have approved a $53 billion merger with Chevron, though Exxon's challenge still looms over the final outcome.
📌 Saudi Arabia Plans Major Aramco Stock Sale: Saudi Arabia is set to raise between $10 billion and $20 billion in a new stock sale of Aramco, aiming to bolster its finances.
Sources: CNBC, Bloomberg, WSJ
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Date: 29 May 2024
📌 OpenAI Former Safety Leader Moves to Anthropic: Jan Leike, who co-led OpenAI's superalignment group, has joined rival AI startup Anthropic, marking a significant shift in the AI safety landscape.
📌 GameStop Shares Surge After Stock Sale: GameStop's stock soared over 20% following a $933 million stock sale, rebounding sharply despite recent volatility.
📌 Adam Neumann Withdraws WeWork Buyback Bid: Adam Neumann has abandoned his effort to repurchase WeWork, citing the company's bankruptcy plan as unrealistic.
📌 Hess-Chevron Merger Moves Forward: Hess shareholders have approved a $53 billion merger with Chevron, though Exxon's challenge still looms over the final outcome.
📌 Saudi Arabia Plans Major Aramco Stock Sale: Saudi Arabia is set to raise between $10 billion and $20 billion in a new stock sale of Aramco, aiming to bolster its finances.
Sources: CNBC, Bloomberg, WSJ
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[Blog Post: Best Trading Tips & Quotes from Alexander Elder]
Alexander Elder is the author of "Trading for a Living", a modern classic among traders.
First published in 1993, this international best-seller has been translated into more than a dozen languages and is being used to educate traders around the world.
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Alexander Elder is the author of "Trading for a Living", a modern classic among traders.
First published in 1993, this international best-seller has been translated into more than a dozen languages and is being used to educate traders around the world.
Read more 👉🏻 https://synapsetrading.com/?p=43479
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🌍 DAILY NEWS HIGHLIGHTS! 🌍
Date: 30 May 2024
📌 U.S. DOJ Charges Chinese National. YunHe Wang faces up to 65 years in prison for operating a botnet that allegedly stole $5.9 billion in Covid relief funds, affecting over 19 million IP addresses worldwide.
📌 New Zealand's Economic Outlook. The government projects a return to budget surplus by 2027-2028 despite current economic challenges, including a prolonged recession.
📌 Bank of Japan's Financial Windfall. The central bank reports record unrealized gains from its stock holdings for the financial year ending March, amidst historic rises in Tokyo shares.
📌 China Focuses on Job Creation. President Xi Jinping emphasizes the need for increased employment opportunities for young people and migrant workers, hinting at potential policy developments.
📌 Google's Major Investment in Malaysia: Google announces a $2 billion investment plan, including its first data center in Malaysia and expansions in AI and cloud services.
Sources: CNBC, Bloomberg, WSJ
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Date: 30 May 2024
📌 U.S. DOJ Charges Chinese National. YunHe Wang faces up to 65 years in prison for operating a botnet that allegedly stole $5.9 billion in Covid relief funds, affecting over 19 million IP addresses worldwide.
📌 New Zealand's Economic Outlook. The government projects a return to budget surplus by 2027-2028 despite current economic challenges, including a prolonged recession.
📌 Bank of Japan's Financial Windfall. The central bank reports record unrealized gains from its stock holdings for the financial year ending March, amidst historic rises in Tokyo shares.
📌 China Focuses on Job Creation. President Xi Jinping emphasizes the need for increased employment opportunities for young people and migrant workers, hinting at potential policy developments.
📌 Google's Major Investment in Malaysia: Google announces a $2 billion investment plan, including its first data center in Malaysia and expansions in AI and cloud services.
Sources: CNBC, Bloomberg, WSJ
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[Infographic: Technical Analysis vs. Fundamental Analysis]
What is the difference between Technical Analysis (TA) and Fundamental Analsyis (FA), and when should you use each technique?
Read full post 👉🏻 https://synapsetrading.com/?p=29819
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What is the difference between Technical Analysis (TA) and Fundamental Analsyis (FA), and when should you use each technique?
Read full post 👉🏻 https://synapsetrading.com/?p=29819
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🌍 DAILY NEWS HIGHLIGHTS! 🌍
Date: 31 May 2024
📌 Tesla Disputes Glass Lewis’s Critique on Musk’s Pay: Tesla has criticized Glass Lewis's negative report on Elon Musk’s compensation package, calling its analysis flawed and speculative.
📌 China Sets Export Controls on Aviation Tech: In a move to bolster national security, China will implement export controls on crucial aviation technologies and equipment.
📌 Eurozone Unemployment Reaches New Low: The unemployment rate in the eurozone has dropped to a record low of 6.4%, indicating a resilient job market ahead of the European Central Bank's anticipated rate cut.
📌 Taiwan Ups Economic Growth Outlook: Boosted by a surge in tech exports driven by AI demand, Taiwan has raised its economic growth forecast for the year.
📌 Grab Partners with OpenAI for AI Integration: Southeast Asia's Grab Holdings is partnering with OpenAI to infuse AI technology into its ride-hailing and delivery services, aiming to enhance user experience and operational efficiency.
Sources: CNBC, Bloomberg, WSJ
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Date: 31 May 2024
📌 Tesla Disputes Glass Lewis’s Critique on Musk’s Pay: Tesla has criticized Glass Lewis's negative report on Elon Musk’s compensation package, calling its analysis flawed and speculative.
📌 China Sets Export Controls on Aviation Tech: In a move to bolster national security, China will implement export controls on crucial aviation technologies and equipment.
📌 Eurozone Unemployment Reaches New Low: The unemployment rate in the eurozone has dropped to a record low of 6.4%, indicating a resilient job market ahead of the European Central Bank's anticipated rate cut.
📌 Taiwan Ups Economic Growth Outlook: Boosted by a surge in tech exports driven by AI demand, Taiwan has raised its economic growth forecast for the year.
📌 Grab Partners with OpenAI for AI Integration: Southeast Asia's Grab Holdings is partnering with OpenAI to infuse AI technology into its ride-hailing and delivery services, aiming to enhance user experience and operational efficiency.
Sources: CNBC, Bloomberg, WSJ
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Just because there is a lot of price movement does not mean there are good opportunities. Most of the movement is just noise, designed to lure in newbie traders.
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🌍 DAILY NEWS HIGHLIGHTS! 🌍
Date: 1 July 2024
📌 Trump Campaign's Record Fundraising: After a guilty verdict for falsifying business records, Trump's campaign raises a record $34.8 million, leveraging the news for substantial financial support.
📌 Japan's Currency Intervention: In response to the yen hitting a 34-year low, Japan's Ministry of Finance spent $62 billion in its first currency intervention since 2022, stabilizing the yen's steep decline.
📌 EU's Chip Manufacturing Boost: The EU approves Italian aid for a $5.4 billion chip plant by STMicro under the EU Chips Act, aiming to enhance local semiconductor production essential for various high-tech industries.
📌 China's Hefty Fine on Evergrande: China fines Evergrande’s subsidiary Hengda $577 million for fraudulent bond issuance, as the property giant faces liquidation proceedings due to exceeding $300 billion in liabilities.
📌 Intel's AI Expansion: Intel is expanding its focus on artificial intelligence beyond data centers, preparing for increased demand in AI-capable consumer products.
Sources: CNBC, Bloomberg, WSJ
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Date: 1 July 2024
📌 Trump Campaign's Record Fundraising: After a guilty verdict for falsifying business records, Trump's campaign raises a record $34.8 million, leveraging the news for substantial financial support.
📌 Japan's Currency Intervention: In response to the yen hitting a 34-year low, Japan's Ministry of Finance spent $62 billion in its first currency intervention since 2022, stabilizing the yen's steep decline.
📌 EU's Chip Manufacturing Boost: The EU approves Italian aid for a $5.4 billion chip plant by STMicro under the EU Chips Act, aiming to enhance local semiconductor production essential for various high-tech industries.
📌 China's Hefty Fine on Evergrande: China fines Evergrande’s subsidiary Hengda $577 million for fraudulent bond issuance, as the property giant faces liquidation proceedings due to exceeding $300 billion in liabilities.
📌 Intel's AI Expansion: Intel is expanding its focus on artificial intelligence beyond data centers, preparing for increased demand in AI-capable consumer products.
Sources: CNBC, Bloomberg, WSJ
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[Blog Post: Best Investing Tips & Quotes from Warren Buffett]
Warren Edward Buffett is considered one of the most successful investors in the world and has a net worth of US$88.9 billion as of December 2019, making him the fourth-wealthiest person in the world.
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Warren Edward Buffett is considered one of the most successful investors in the world and has a net worth of US$88.9 billion as of December 2019, making him the fourth-wealthiest person in the world.
Read more 👉🏻 https://synapsetrading.com/?p=43491
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🌍 DAILY NEWS HIGHLIGHTS! 🌍
Date: 2 June 2024
📌 Boeing and NASA Cancel Starliner Launch: Boeing’s much-anticipated first Starliner crew launch was called off minutes before liftoff due to technical issues. This delay adds to previous setbacks, contrasting with SpaceX’s regular astronaut missions since 2020.
📌 Challenges in Biden’s Gaza Cease-Fire Effort: Despite President Biden’s push for a cease-fire in the Israel-Hamas conflict, substantial disagreements over key details make a resolution difficult.
📌 Dr Pepper Rises to No. 2 Soda in the US: Dr Pepper has matched Pepsi as America’s second favorite soda, gaining popularity through aggressive marketing and innovative flavors.
📌 Concern Over AI-Generated Fake Nudes: AI technology is creating fake nude images, leading to serious concerns about bullying and the impact on teenagers’ mental health.
📌 ANC’s Decline in South Africa: The African National Congress, once led by Nelson Mandela, received only 40% of the vote, its worst performance, leading to complex coalition negotiations.
Sources: CNBC, Bloomberg, WSJ
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Date: 2 June 2024
📌 Boeing and NASA Cancel Starliner Launch: Boeing’s much-anticipated first Starliner crew launch was called off minutes before liftoff due to technical issues. This delay adds to previous setbacks, contrasting with SpaceX’s regular astronaut missions since 2020.
📌 Challenges in Biden’s Gaza Cease-Fire Effort: Despite President Biden’s push for a cease-fire in the Israel-Hamas conflict, substantial disagreements over key details make a resolution difficult.
📌 Dr Pepper Rises to No. 2 Soda in the US: Dr Pepper has matched Pepsi as America’s second favorite soda, gaining popularity through aggressive marketing and innovative flavors.
📌 Concern Over AI-Generated Fake Nudes: AI technology is creating fake nude images, leading to serious concerns about bullying and the impact on teenagers’ mental health.
📌 ANC’s Decline in South Africa: The African National Congress, once led by Nelson Mandela, received only 40% of the vote, its worst performance, leading to complex coalition negotiations.
Sources: CNBC, Bloomberg, WSJ
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[Infographic: 5 Biggest Day Trading Mistakes that Beginners Make]
If you are new to day trading, make sure you avoid these 5 biggest beginner mistakes if you want a chance to succeed and avoid blowing your trading account.
Read full post 👉🏻 https://synapsetrading.com/?p=36921
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If you are new to day trading, make sure you avoid these 5 biggest beginner mistakes if you want a chance to succeed and avoid blowing your trading account.
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🌍 DAILY NEWS HIGHLIGHTS! 🌍
Date: 3 June 2024
📌 Oil alliance OPEC+ extends collective crude production cuts into 2025. This smaller group of OPEC+ member will also stretch another round of voluntary output cuts totalling 2.2 million barrels per day until the end of the third quarter of this year.
📌 China’s Defense Chief Turns Down Temperature on Tensions With U.S. China’s Adm. Dong Jun sought to assuage fears of confrontation between the Chinese and American militaries a day after the U.S. defense chief did the same.
📌 South Korea’s Exports Extend Growth For Eighth Month in May. Exports from Asia’s fourth-largest economy grew for an eighth consecutive month in May on brisk demand for semiconductors, continuing to drive its overall economic recovery.
📌 Canada GDP Growth Picks Up in 1Q But Pace Lags Expectations. The 1.7% rise in GDP was slower than the 2.2% growth economists anticipated and well below where the Bank of Canada expected the economy to be.
📌 Dr Pepper Ties Pepsi as America’s No. 2 Soda. After decades as a distant contender, Dr Pepper has climbed the ranks with help from hefty marketing, novel flavors and TikTok videos.
Sources: CNBC, Bloomberg, WSJ
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Date: 3 June 2024
📌 Oil alliance OPEC+ extends collective crude production cuts into 2025. This smaller group of OPEC+ member will also stretch another round of voluntary output cuts totalling 2.2 million barrels per day until the end of the third quarter of this year.
📌 China’s Defense Chief Turns Down Temperature on Tensions With U.S. China’s Adm. Dong Jun sought to assuage fears of confrontation between the Chinese and American militaries a day after the U.S. defense chief did the same.
📌 South Korea’s Exports Extend Growth For Eighth Month in May. Exports from Asia’s fourth-largest economy grew for an eighth consecutive month in May on brisk demand for semiconductors, continuing to drive its overall economic recovery.
📌 Canada GDP Growth Picks Up in 1Q But Pace Lags Expectations. The 1.7% rise in GDP was slower than the 2.2% growth economists anticipated and well below where the Bank of Canada expected the economy to be.
📌 Dr Pepper Ties Pepsi as America’s No. 2 Soda. After decades as a distant contender, Dr Pepper has climbed the ranks with help from hefty marketing, novel flavors and TikTok videos.
Sources: CNBC, Bloomberg, WSJ
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If you try to do everything at once (planning and execution), you are not going to do either well. It makes sense to separate the planning and execution phase, so that you can perform each activity optimally.
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🌍 DAILY NEWS HIGHLIGHTS! 🌍
Date: 3 June 2024
📌 Logistics Operators Are Looking to Break the Sector’s IPO Logjam. Transport and logistics operators are looking to break a logjam in public stock offerings, with bankers saying some companies are exploring listings following a fallow period marked by tight funding and weak freight demand.
📌 Asia’s Fledgling Manufacturing Recovery Faces Cost Pressure. Asian manufacturers seem to be on firmer ground, with the latest survey data signaling stronger output and orders, but building cost pressures could stoke concerns about inflation.
📌 China Caixin PMI Signals Faster Manufacturing Growth in Contrast to Official Gauge. A private gauge of China’s factory activity expanded at a faster clip in May, contrasting with the official index’s unexpected slide into contraction.
📌 Retailers Hate That You Buy Big Things on Your Laptop. People often prefer bigger screens and keyboards for pricier purchases—but merchants have more levers to pull on mobile.
📌 AMD Unveils Latest AI Chips, Accelerated Chip Update Timeline. Advanced Micro Devices introduced its latest artificial intelligence chips and laid out plans to roll out new products every year in a bid to challenge Nvidia’s dominance in the AI boom.
Sources: CNBC, Bloomberg, WSJ
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Date: 3 June 2024
📌 Logistics Operators Are Looking to Break the Sector’s IPO Logjam. Transport and logistics operators are looking to break a logjam in public stock offerings, with bankers saying some companies are exploring listings following a fallow period marked by tight funding and weak freight demand.
📌 Asia’s Fledgling Manufacturing Recovery Faces Cost Pressure. Asian manufacturers seem to be on firmer ground, with the latest survey data signaling stronger output and orders, but building cost pressures could stoke concerns about inflation.
📌 China Caixin PMI Signals Faster Manufacturing Growth in Contrast to Official Gauge. A private gauge of China’s factory activity expanded at a faster clip in May, contrasting with the official index’s unexpected slide into contraction.
📌 Retailers Hate That You Buy Big Things on Your Laptop. People often prefer bigger screens and keyboards for pricier purchases—but merchants have more levers to pull on mobile.
📌 AMD Unveils Latest AI Chips, Accelerated Chip Update Timeline. Advanced Micro Devices introduced its latest artificial intelligence chips and laid out plans to roll out new products every year in a bid to challenge Nvidia’s dominance in the AI boom.
Sources: CNBC, Bloomberg, WSJ
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[Blog Post: Best Online Trading Tips & Quotes from the Internet]
After many years of browsing various channels for trading knowledge and wisdom, this list is a mix of all the best trading tips and quotes I have come across from books, websites, social media, and my own experiences.
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After many years of browsing various channels for trading knowledge and wisdom, this list is a mix of all the best trading tips and quotes I have come across from books, websites, social media, and my own experiences.
Read more 👉🏻 https://synapsetrading.com/?p=43494
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Spencer Li (Synapse Trading)
Hi, this is Spencer, founder of Synapse Trading, and I have been trading and teaching for more then 15 years, having trained hundreds of traders by making complex concepts easy for beginners. If you are new to trading or are unprofitable so far, this 2.5…
Just a reminder that our upcoming live workshop is next week on 11 June (Tuesday), this is a great chance to kickstart your trading journey!
Click here to check availability:
🔥 https://synapsetrading.com/?p=24088
Click here to check availability:
🔥 https://synapsetrading.com/?p=24088
Synapse Trading
Trading Foundation Workshop 2.0 - New Content Added!
🌍 DAILY NEWS HIGHLIGHTS! 🌍
Date: 5 June 2024
📌 Elon Musk Redirects AI Chips: Musk orders Nvidia to divert thousands of AI chips, originally reserved for Tesla, to X and xAI, aiming to transform Tesla into a significant AI player.
📌 Stable Unemployment in Germany: Germany maintains a jobless rate of 5.9% in May, showing a robust job market, though the number of unemployed slightly exceeded expectations.
📌 Dollar's Strong Performance: The U.S. dollar shows strength not seen since the 1980s, raising questions about its sustainability amid global economic shifts.
📌 Databricks Acquires Tabular: In a strategic move to attract AI clients, Databricks is set to acquire Tabular, a startup specializing in data management for AI applications.
📌 Challenges for U.S. Chip Industry: Despite billions in federal aid through the Chips Act, the U.S. faces hurdles in ramping up its semiconductor production amid global competition and high costs.
Sources: CNBC, Bloomberg, WSJ
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Date: 5 June 2024
📌 Elon Musk Redirects AI Chips: Musk orders Nvidia to divert thousands of AI chips, originally reserved for Tesla, to X and xAI, aiming to transform Tesla into a significant AI player.
📌 Stable Unemployment in Germany: Germany maintains a jobless rate of 5.9% in May, showing a robust job market, though the number of unemployed slightly exceeded expectations.
📌 Dollar's Strong Performance: The U.S. dollar shows strength not seen since the 1980s, raising questions about its sustainability amid global economic shifts.
📌 Databricks Acquires Tabular: In a strategic move to attract AI clients, Databricks is set to acquire Tabular, a startup specializing in data management for AI applications.
📌 Challenges for U.S. Chip Industry: Despite billions in federal aid through the Chips Act, the U.S. faces hurdles in ramping up its semiconductor production amid global competition and high costs.
Sources: CNBC, Bloomberg, WSJ
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[Infographic: Best Trading Tips & Quotes From Ed Seykota]
Ed Seykota is a commodities trader, who pioneered a computerized trading system for the futures market for the brokerage house he were working for.
Trading as a trend follower, he turned $5,000 into $15m over a 12 year period.
Read full post 👉🏻 https://synapsetrading.com/?p=43460
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Ed Seykota is a commodities trader, who pioneered a computerized trading system for the futures market for the brokerage house he were working for.
Trading as a trend follower, he turned $5,000 into $15m over a 12 year period.
Read full post 👉🏻 https://synapsetrading.com/?p=43460
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For those interested in trading & investing content, do check out my new IG channel where I post infographics, trading tips, and short videos answering commonly-asked questions about trading. 🔥
https://www.instagram.com/synapsetrading_official
https://www.instagram.com/synapsetrading_official
🌍 DAILY NEWS HIGHLIGHTS! 🌍
Date: 6 June 2024
📌 Nvidia Surpasses Apple. Nvidia has become the second-most valuable public company in the U.S., trailing only Microsoft.
📌 ECB Prepares for Rate Cut. The European Central Bank is set to reduce rates for the first time since 2019, signaling an end to the rapid rate-hiking period initiated post-COVID-19.
📌 Americans' Investment Income Hits High. With the economy enduring higher interest rates, Americans are seeing substantial increases in investment income, though the boom carries potential risks.
📌 Bank of Canada Leads G-7 in Rate Cuts. The Bank of Canada has cut its main interest rate by a quarter point, the first among the G-7 nations to ease policy after a period of aggressive rate hikes to control inflation.
📌 Australia's Economic Slowdown. Australia's economy shows minimal growth in the first quarter, hindered by high interest rates and persistent inflation.
Sources: CNBC, Bloomberg, WSJ
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Date: 6 June 2024
📌 Nvidia Surpasses Apple. Nvidia has become the second-most valuable public company in the U.S., trailing only Microsoft.
📌 ECB Prepares for Rate Cut. The European Central Bank is set to reduce rates for the first time since 2019, signaling an end to the rapid rate-hiking period initiated post-COVID-19.
📌 Americans' Investment Income Hits High. With the economy enduring higher interest rates, Americans are seeing substantial increases in investment income, though the boom carries potential risks.
📌 Bank of Canada Leads G-7 in Rate Cuts. The Bank of Canada has cut its main interest rate by a quarter point, the first among the G-7 nations to ease policy after a period of aggressive rate hikes to control inflation.
📌 Australia's Economic Slowdown. Australia's economy shows minimal growth in the first quarter, hindered by high interest rates and persistent inflation.
Sources: CNBC, Bloomberg, WSJ
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Do you plan your trades before taking them? Everything should be planned out even before you press the button to execute a trade.
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