Bull Market - Week 6 - Weekly Wrap Up

What a great week in the markets! 🤯 So...what's next?!

This week was incredible…every stock just seems to be going up! Even the apes 🦍 are making money right now. We have done the hard part…sitting out in the bad times, not DCA’ing and hemorrhaging portfolios and instead compounding winners. That said, lets cover a few topics going forward in preparation for the week ahead of us.

• Next Week Expectations

• Jerome Powell Thoughts

• My Stock Market Gameplan

Next Week Expectations (7/21)

Trend is your friend. I am seeing many green traders trying to short right now. This goes against the trend. Wait until you see something “break”. Something “break” means that you start seeing a few popular, well known names just crash out of the blue. The primary examples we had a few months ago was Target and Dollar General. Both of them crashed ~30%. Those are, or were, considered credible names, especially with the thought they are recession resistant. Obviously not. I have no idea what the names will be, or when they will occur. But that is the #1 signal I am looking for to really start taking profits off the table.

The VIX continues to trend downwards, along with the dollar. This is prime conditions for us to continue along with our bullish trajectory (assuming nothing crazy happens this weekend like WW3!). My not financial advice is: stick with longs. They are working.

Whatever you do…keep a calm, collected mindset. Do not let your wins drive your ego up. The market loves to humble all. No idea how long this bull trend will last, my best guess is maybe 1 or 2 months?! But blow off tops can last shorter or longer as well. I see a lot of resemblance to 1987 Japan blow off top…more to come on that later. Whenever it ends, a period of mass euphoria is balanced with a period of troughs of depression.

Newtons 3rd Law: Every action has an equal and opposite reaction. The same applies for the markets. Periods of peak euphoria are countered later with troughs of depression.

Jerome Powell Thoughts

I agree with the sentiment that if Jerome Powell was removed, it would be devastating to the markets. He is a force of predictability and stability…something markets love. Although, I find it very unlikely he will be removed…I cannot guarantee it. If you didn’t see, be sure to check out my post about the allegations of Jerome Powell’s “$2.5B Palace Spending Spree” is just a political smear campaign. My expectations is the Trump Administration will take him to court, and lose. I think it is something to monitor…but nothing to get wound up about. Just my opinion. .

My Stock Market Gameplan

I put out an explicit Stock Market Gameplan in this post. Forewarning, its not “exhilarating”. Largely, I will continue to play individual positions with popular, but overlooked, names…mostly originating from the StockTok Screener. When I start to notice many positions getting stopped out, or setups not working, I will begin scaling out. Again, no idea how long this trend will last…we play until the market starts winning!

I think 99% of the members are currently in; if you have any issues, feel free to DM me. Inputting your email and selecting “forgot password”, to receive a link to create a new password has gotten 100% of users into StockTokDashboard.com. We expected a little chaos the first week getting people in, but it wasn’t too bad.

StockTokDashboard is gradually improving. The next major steps are creating a log of last picks, and improving the mobile platform.

As always, if you have questions, feel free to ping me in the chat. Be sure to check All Publications in you free time in case you missed an update this week. Thank you for your support, and last but not least…Thanks for stopping by! 👍

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