Friday Week Close Highlights

Week 3 of the Bull Market Continues... Stop Saying "It Looks Expensive!" 🙅🏻 - Is WW3 Coming?

As we close out week 3 of the bull market, wanted to leave you with a few notes over the weekend. (I am thinking about doing this every Friday…what do you think?).

1. The most common thing I am hearing is “That stock looks expensive!”

   1. We bought RBLX 0.00%↑ at $74 a share, when it had ran 48% from the bottom. Today, our position sits at +42%. Some of the best stocks will always look expensive…but trend is your friend!

   2. The stocks from the Daily Stock Screener consistently look “overbought”. Yet, on average, they consistently outperform. At the last measure, the short term screener’s #1 picks has ~68% hit rate, averaging a 5.7% gain. Many of the few losses even provided a positive return for a period of time, but then declined (indicating this for short term traders more so). Regardless, the picks are well into the net positive.

   3. The top 3 long term stocks from 16 June were TTMI 0.00%↑ , CW 0.00%↑ and CCJ 0.00%↑ are up 8.2%, 2.2% and 8.5% respectively. A fresh batch of long term stocks will be provided this weekend. I plan to add to my own portfolio from this list.

The primary point: The VIX is trending down. The S&P 500 is making new highs. There are few indications, technically, of a downtrend. THERE IS NO REASON TO NOT BE IN THE MARKET. Do I think it will end? LOL absolutely…but I don’t know “when” that is. The charts will give us clues (hopefully) in advance. Make money while you can!

2. World War 3 Concerns -

   1. I recall serving in the Persian Gulf as a Navy Officer nearly a decade ago…the way the entire cruiser (a Navy ship) would literally shake as missiles flew away. You could be 5 feet away from someone, scream at them and they wouldn’t be able to hear you, it was that loud! One of the wildest experiences of my life. During that same time…I would occasionally log into my brokerage (painfully slow with ship internet!)…and to my surprise: portfolio was going up!

   2. Its not my place to give my opinion on the morality of the Israel & Iran conflict. My opinion is that the situation will escalate. I find it hard to believe Iran will be like “cool, don’t worry about bombing us…no biggie!” We shall see though. What I can say, is I can show you times when the market went up…and down…during periods of war. Geopolitics should not be a major factor in your decision making.

The primary point: Ignore the headlines. They are dreadfully filled with misinformation and clickbait (they’re worse than those damn TikTok’ers!) The headlines will just whiplash you emotionally with your portfolio, and often mislead you, causing losses. Go with trend. Go with breakouts. Let the price action tell you the REAL story.

3. I really try to provide value anytime I clog up your email inbox…this video must have been shadow banned on TikTok or something…but someone asked me for my opinion on the best stock under $150. You can check out that video here. Right now, NTRS 0.00%↑ is still consolidating in range. You could wait for a break to the upside, or you could enter now. Price below ~$112 would invalidate the trade…but we don’t have any signs of that. Questions, as always, are welcome in the chat.

4. We continue to grow steadily. We talked about how we cannot have too many people in this article. There are now only 24 spots remaining before I up the subscriber fee to $49 a month or $490 annually. I intend to gift #1000 with a lifetime subscription for free…not sure how I will select that person. Sorry for the awkward conversation… but being transparent ahead of time.

Hope you have a great weekend. Detach from the markets during that time…its best to come into Monday’s fresh, with a good attitude. And thank you ALL for your support …I truly enjoy coming in, getting to know many of you and doing what we all love, trading great companies!

Thanks for stopping by! 👍

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