11/1 Daily Market Note: Investors stage a ferocious 3 day counter-trend rally. Is Santa coming early in 2023?
11/1 Premium Strategy Note: Rebound has come. Is there more?
Note: 15 Spots Left for my Flash Sale to celebrate reclaiming 2023 highs. When I win, you win.
Folks -
3 days of large directional action (whether on upside or downside) is all it takes to begin shifting investor sentiment. While it was too early to call the swing bottom last Friday on 10/27, by Monday’s 10/30 Daily Market Note I was ready to issue first-tranche opportunities at a time when intense bearishness still prevailed in the market. My approach requires me to step in the moment I sense a recovery as market bottoms tend to happen very quickly and favorable risk/reward can fade within just a few sessions. In Monday’s Note, I discussed buying up (for a trade) many names that are now advancing quickly towards my targets. See below.
In today’s Daily Market Note, I discuss my thinking on November FOMC, and share an updated view on risk/reward.
By the way for new folks reading my work, my approach is extraordinarily simple. Some people believe that a highly complex approach with an endless number of macroeconomic esoteric charts and analytics is required to gain an edge in the market. That is helpful, and it’s interesting to read. That is for sure.
But what is most valuable in finding alpha is putting in Screen Time, where one can closely observe the rhythm/velocity/movement of the price action that can help you better assess the market’s evolving mood.
I put in 3-4 hours of screen time per day. Therein lies my edge. I truly believe anyone can be successful in markets if they really dedicate their time into it and develop the right mindset.
This is a game of EQ more than IQ. As long as you have the right composure (flexible mindset), you can win by simply out-waiting others with your patience. Let’s talk strategy below.
Take advantage of our special offer. Expires tomorrow.