Discount The Obvious

Hey everyone, I hope you had a great week, here's a quick recap of last week's plan: Equities had their first positive week in 5 weeks. The S&P 500 finished (+0.5%) and Nasdaq 100 (+0.3%). The Russell 2K was strongest at (+1.1%) We saw nice buying on Monday, with 86% of NYSE shares trading up, but still have not seen a follow-through day. I wrote last week that … [Read more...] about Weekly Update – March 21st, 2025

Hey everyone, I hope you had a great week, here's a quick recap of last week's plan: Same as last week - equities were negative, but buyers stepped in Friday. The S&P 500 finished (-2.3%) and Nasdaq 100 (-2.5%). Friday was a 91% upside day, which can often signal short term bottoms, as it signals institutions are buying equities hand over fist. The only item … [Read more...] about Weekly Update – March 14th, 2025

Hey everyone, I hope you had a great week, here's a quick recap of last week's plan: Equities were negative again, but buyers stepped in Friday. The S&P 500 finished (-3.1%) and Nasdaq 100 (-3.3%). But as you can see, not as many stocks are declining (lower blue arrow) despite the big drop in indexes (upper blue arrow). Similar to last week, more stocks … [Read more...] about Weekly Update – March 7th, 2025

Hey everyone, I hope you had a great week, here's a quick recap of last week's plan: Equities were negative again, but buyers stepped in Friday. The S&P 500 finished (-1%) and Nasdaq 100 (-3.4%). One bullish sign is how the number of stocks still advancing during this drawdown (purple arrow). I have been writing all year that more stocks participating generally … [Read more...] about Weekly Update – February 28th, 2025

Hey everyone, I hope you had a great week, here's a quick recap of last week's plan: Equities finished the week green despite hot CPI and PPI data, the S&P 500 finished (+1.5%) and Nasdaq 100 (+2.9%). While this is encouraging for bulls, I would like to see breadth follow through. As the pink line shows, the Nasdaq is approaching highs, while breadth is not … [Read more...] about Weekly Update – February 14th, 2025