fbpx

Shakeout before higher?

February 26, 2019 / / No Comments

We’ve just seen a magnificent 20% two month rally in the S&P 500 index and stock market in general. Yesterday it opened just a bit above 2800, a target area discussed in What to expect next?. But then slid lower for the day and finished just a bit below 2800. Snap back rallies are very typical for bear markets and while the current bounce would constitute as a very typical one, the strength surprised even some bulls. What is a bit untypical is that until this point we haven’t seen any form of a shakeout yet (see more in Typical bottom).

The US markets were in a bear market in Q4 ’19 and some other markets were in a bear market for the good bit of 2018. While we might be seeing the first signs of the new bull market emerging (see Is it over?) we must not get overly excited at this stage. Does this mean we must be going to cash or even get short? No, not at all.

But we must respect a possibility of a quick and nasty shakeout, meaning we must respect risk and manage our positions accordingly. Even if we think the worst might be over, we could be proven wrong later.

Read More

Trading workshop

February 20, 2019 / / No Comments

I was relatively quiet in the past weeks, I didn’t post as frequently as I usually do. The main reason is that I was working on the content for a trading workshop. Many people close to me were asking me questions about trading and investing, like why would one do it, where to start and how to do it successfully. Instead of giving them brief answers to their questions I decided I’ll do it properly.

There was no other way than to post a bit less, there’s just no such thing as successful multitasking in my opinion. So in the past weeks I worked on putting all my knowledge and past experience together with a goal to educate future traders and investors. I prepared a massive slide pack full of theory accompanied by detailed examples and quotes where we dive deep into the following topics.

Read More

What to expect next?

February 5, 2019 / / No Comments

I’ve been very quiet in the past month. The reason is that I was intensively working on a new product I will announce in the near future. Sometimes you just got to lock yourself in a room if you want to get things done. Focus is so underestimated thing nowadays. It’s just impossible to deliver a high quality product if your mind is all over the place.

Anyway, more about that when time is right. I want to discuss the market with you. Since my post Is it over? the stocks rallied a lot and most have already forgotten we’ve seen a mini crash in Q4. However, the problem is that, while I think there’s a good chance the bottom is in, the current action does not look like a Typical bottom. So, what to expect next?

The market is behaving very constructive as of late and it’s not far fetched to say the S&P 500 could continue going higher to above of its 200d or up to somewhere 2,800 level – the purple area.

Read More
%d bloggers like this: