trading
Saturday 12 June 2021
Friday 11 June 2021
In summary, the line of least resistance is still to the upside. Stocks are trying to break out, but there has not been a very convincing effort yet. If follow-through doesn't take place, the bears will take another shot at the market. Next week will be key for the markets. We're entering into sessional "cool-off" phase and have FOMC on Wednesday which could be a catalyst.
A pullback wouldn’t surprise me with valuations stretched, growth rates peaking, the fed tightening liquidity, leverage near highs, a short squeeze underway and tax hikes on the horizon.
Monday 7 June 2021
"You begin to awaken"
The beginning of freedom is the realization that you are not "the thinker." The moment you start watching the thinker, a higher level of consciousness becomes activated. You then start to realize that there is a vast realm of intelligence beyond thought, that thought is only a tiny aspect of that intelligence. You also realize that all things that matter - beauty - love - creativity - joy - inner peace - arise from beyond the mind.
You begin to awaken.
All bulls need now, is for those all time highs to be confirmed with a break-out.
Friday 28 May 2021
Saturday 22 May 2021
Friday 21 May 2021
Today so far...
While some names are acting well, there is still plenty of mixed action in growth stocks below the surface as we speak which is causing some headwinds for bulls. The issue is not so much the initial headwinds as it is staying objective as to whether we see actual, violent rejection from the 20 day average price area on QQQ, or instead, just some backing and filling without rollover. Keep an eye on Bitcoin today, as another weekend leg lower could set the stage for some fireworks in stocks next week.
Thursday 20 May 2021
What is the best cure for sadness?
"The best thing for being sad… is to learn something. That is the only thing that never fails. You may grow old and trembling in your anatomies, you may lie awake at night listening to the disorder of your veins, you may miss your only love, you may see the world about you devastated by evil lunatics, or know your honor trampled in the sewers of baser minds. There is only one thing for it then — to learn. Learn why the world wags and what wags it. That is the only thing which the mind can never exhaust, never alienate, never be tortured by, never fear or distrust, and never dream of regretting."
Wednesday 19 May 2021
Review.
1. Take a step back from the "flickering ticks" of daily market activity and focus on the long-term trends.
2. Reinforce the value of regular weekly and monthly routines as a way to approach the market more mindfully, deliberately, and with purpose.
3. Break down the latest signals in terms of price patterns, breadth and sentiment readings, investor sentiment and psychology, and market history.
Monday 17 May 2021
Sunday 16 May 2021
Friday 14 May 2021
Thursday 13 May 2021
Wednesday 12 May 2021
Tuesday 11 May 2021
While we wait to see if support in the market will hold or not.
"In bull markets stocks don't go down on bad news. In bear markets stocks don't go up on good news."