SPX 3650 to 3900: Would you believe me if I said we planned for this?
I helped our Community navigate June FOMC with grace. The next stage of the Bear Market will unfold soon. And I want you to be ready. Like this email to show some love. ❤️
Note: Because I want you to fully understand the tremendous guidance that we’ve been providing to our Patreon Members, I will publicly release our exclusive June 2nd Half Report to you as a further gesture of goodwill to our Community at large. In return, I ask that you share my email newsletter to anyone and everyone who cares about markets. I want to help you. Shall you return the favor? We have 3900+ friends on the email list. And I want more people to benefit from my work.
Dear YT Friends & Public Investment Community,
There is no greater power of seduction in markets than rapidly rising asset prices.
In fact the most powerful way to change an investor’s mind is through price changes.
This week where the S&P 500 made a dramatic bounce to clear the 3900 level from its 3700 previous level has reinvigorated people with the hope that the bottom is in, and that the coast is clear.
Most notably, complacency is back and there is a feeling in the air that all is well.
But is it?
While this is a topic that I will discuss more extensively inside my Investment Community, I want to take a moment to share with you what we have been doing.
First of all, I want to remind you the events that have unfolded in the past 10 days or so.
June 15th: June FOMC - Markets rallied after announcement on perception that Powell will be less hawkish to that 3830 level
June 16th: Day after June FOMC - Markets sold off aggressively on realization that Fed is much more hawkish after all. S&P 500 saw yearly low at 3636.
June 17th: CNBC headlines say that S&P 500 could reach 3000 by late Summer as panic ensued. Markets under pressure.
June 21st-June 24th: Markets stage an incredible bounce back rally as narrative changes to “recession fears could have Fed walk back on rate hikes”. S&P 500 ends week above 3900.
Now, take 10 minutes and read my June 2nd Half Bi-Weekly report issued to my Investment Community. If you want to be a better Investor, take the time and read the report right now.
After all, this was an exclusive research piece that I published to my Investment Community that I’m sharing with you out of goodwill.
And what you will witness is that my opinion was that the market will selloff to that 3550-3650 range post June FOMC and then make a recovery to that 3850-4000 range.
Here’s the best part: this was published on June 15th PRE-FOMC (before all of the events in my timeline recap happened).
You can see in the image below that everything in our Bi-Weekly reports is timestamped and clearly marked. This report was published on 6/15. (Click file link PDF below where it says 1.01MB).
Here’s a highlight snapshot of my opinion from my June 2nd Half report published on June 15th
Once again, nearly all of the actionable strategy from this report has played out.
My July Investment Strategy report is coming up, and I don’t want you to miss it.
Another big move is brewing in markets.
Seriously, I want you to be on the right side of the trade.
I really want to help you. Members inside my Community know that whenever they ask me 1:1 questions, I get back to them as soon I’m finished with my research.
Your success is important to me. I can help open-minded, patient, and calm investors advance their skills. If you have these qualities, you deserve to have the right Strategist help you.
If someone is Impatient, I cannot help that type of person. I am not a day trader. I do not care what markets do day to day and will remain firm in my conviction until the facts tell me otherwise.
All of my commentary is based on fundamental/macro/political research along with using technical analysis to help our Community catch the major pivots.
I want to help you catch the big fish. You will not find me commenting on 30-50 PT SPX moves. You will find me trying to help you get the next 300-500 PT SPX move.
Or the 20-30 dollar moves in $BABA and Chinese Internet.
And that is precisely what I have been doing, and what I intend to keep doing.
More important than my research conclusions itself is the psychological commentary that I provide during market swings to help our Community with emotions-management.
We have to remember there are good days. And there are also bad days. Some days can be exceptionally good, but others can be exceptionally challenging.
It is my belief that the biggest challenges in this market will lie ahead.
In any case, I believe there are very few Communities out there that will look out for you in the same way we do.
If there is chemistry between our views and values, I could be the Strategist for you.
(Image of my Investment Community News Feed)
Before we wrap up, I want to take a moment to thank Interactive Brokers for being one of our Channel’s trusted Partners. They have world-class international trading features such as being able to buy HK-listed shares or on-shore China stocks.
If you are concerned about China’s ADR delisting issue, know that IB allows investors to buy HK-listed shares to avoid any hassles if that event occurs.
Interactive brokers allows investors to buy HK-listed shares of Alibaba, JD, Tencent, and other brand name Chinese Internet companies on the HK market. Click the links to check out their features.
If you are concerned about Chinese ADR stocks getting delisted, owning HK-listed shares removes the hassle.
That’ll do for this update.
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❤️ this email if you enjoyed the read. And see you in my next Youtube Video.
Your Investment Strategist,
Larry
Important note: My public letters are not financial advice. You must do your own research. They are designed for educational purposes only.