Armageddon has arrived. I'm releasing my December 1st Half Research to Help You.
No Paywall: Read what I wrote on December 1st with a forecast for the first half of December.
Friends,
Despite my proactive push to inform the general public that mega Danger was lurking at key levels (specifics were discussed inside Community) for the S&P 500, many folks were devastated by today’s trading session.
And although one trading session absolutely does not make a big difference in a long-term investing journey, it can indeed hurt if retail investors had the urge to chase the breakout of SPX 4100+. Especially if this swing high is not revisited. If you recall, I believed that a visit to 4100 was very possible on the way higher back in November (made public on Instagram).
But now that we’re on the way lower again, I cannot say with confidence that the market will revisit 4100 a third time (maybe it will, maybe it won’t). Although my responsibility for market direction opinions is of course to my private membership community, I also gave public direction out of my dedication to help everyone.
As a mid-sized Content Creator on Youtube, my voice and reach can only go so far. If you appreciate my work, make sure to share my emails to your network.
My goal has been to help the good folks position more conservatively ahead of large drawdowns and size up a bit more when I anticipate a large-scale rebound. And in the meantime, employ expert stock-selection in my coverage universe when the time is right.
To this extent, I objectively believe that we have done a tremendous job throughout 2022, and of more interest to you, the last several weeks. Those who have followed my views inside know that TCOM has been one of top stock-selection ideas since October. It has greatly surpassed my expectations.
That said, I remain on guard for the next large swing highs and lows that this market presents.
Given that today’s market has delivered many of my public friends immense psychological pain, I’ve decided to release my premium December 1st Half investment strategy that my private members had the opportunity to read at the beginning of the month on December 1st - before SPX 4100 happened and then the subsequent mega rug-pull.
This was written on December 1st and captures my thinking for what may happen in the first half of December.
If you take 10 minutes to read the note, you might get chills regarding how on earth I was able to see a day like today coming. And this isn’t the first note where I’ve properly assessed the landscape with precision.
Well folks, I’ve put in the time. A lot of time. I’ve put in the work. While others have been partying on the weekends, I’ve been studying markets and helping our Community plan the next move. All in an effort to revitalize my personal positioning during this intense period of reckoning. I REFUSE to allow markets to dictate my growth trajectory. I decided to put myself in the driver’s seat.
4100 SPX (and its brief visit) has given me and our members an exit parachute away from the armageddon that has once gripped markets. I am ending 2022 having reclaimed my Millionaire status that was stripped away from me for much of this year as markets were under extreme turmoil.
That means I enter 2023 with a renewed hand of strength and embrace the volatility that is guaranteed to continue. I also enter 2023 with newfound, profound skills - skills that will evolve into new programs/courses that I’ll discuss with you in the future.
In the meantime, if you want to read my December 2nd Half Strategy (trust me - you will want to), I want to be able to help you.
I’ve deliberately designed pricing of my membership community to be accessible to everyone. We even have teens in my Community. Adults can afford it. I’ve designed our value-add to be in the region of 50-100/month. Members know precisely what I mean when I say that my value-add is 3-4x what is asked for.
But I don’t price that way right now because I know many people are struggling. I’m also here to help when people need this type of guidance the most. I know this may seem weird, but I’m also trying to be the best online friend you’ve ever had. My desire to help you is intense, and I can hope you can feel it.
As long as the economy is weak, I will be as accommodating as I can.
However, the moment the economy recovers, I am setting my membership community to be market-value immediately to signal the value of what we offer (members will be grandfathered). I can’t indefinitely run a charity in terms of pricing. Folks who understand value will experience it the moment they join us inside. The impact felt will be nearly instantaneous.
Please be sure to share this email with friends and family to put them in front of a Strategist who is dedicated towards his craft.
By constantly giving out my exclusive work (see past research made public), I’m doing far more than what is expected to help the Global Investor Community.
Do your part (please). Share the emails that I send. I appreciate each and every single one of you. 🤝
I hope you enjoy my December 1st Half Strategy piece above.
And I hope you CRUSH your goals and find success in whatever you wish to achieve.
-Larry
Twitter: https://twitter.com/LarryCheungCFA
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Linkedin: https://www.linkedin.com/in/larrycheung/
Larry, I have been reading your free content and recently subscribed to your premium content. I am reading your December letter and you talk about reducing your positions to increase your cash level relative to your net worth.
I am curious if you could expand on that analysis of target ranges for cash relative to your net worth.