Discount The Obvious

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

Hey everyone, I hope you had a great week, here's a quick recap of last week's plan: Equities finished the week mixed, with a similar structure as last week. Gap down Sunday, recover the rest of the week, and sell off Friday. The S&P 500 finished (-0.2%) and Nasdaq 100 (+0.1%). Despite Friday's selloff, more stocks in the Nasdaq & NYSE made net highs … [Read more...] about Weekly Update – February 7th, 2025

Hey everyone, I hope you had a great week, here's a quick recap of last week's plan: Equities finished the week negative, but recovered some of the DeepSeek selloff. The S&P 500 finished (-1.0%) and Nasdaq 100 (-1.3%). Notice the green bars in the middle of this chart. More stocks kept making net highs during this week, which is bullish longer term. This … [Read more...] about Weekly Update – February 7th, 2025

Hey everyone, I hope you had a great week, here's a quick recap of last week's plan: Equities had another positive week. The S&P 500 finished (+1.7%) and Nasdaq 100 (+1.6%). More stocks are making net highs, which shows the breadth of last week's rally is carrying forward. I have been writing about how falling yields should help equities over the short term, … [Read more...] about Weekly Update – January 24th, 2025

Hey everyone, I hope you had a great week, here's a quick recap of last week's plan: Equities surged after light CPI data. The S&P 500 finished (+2.9%) and Nasdaq 100 (+2.9%). Even more encouraging for bulls is that the number of stocks advancing keeps increasing, meaning many stocks are powering this rally. As long as more stocks keep advancing and making new … [Read more...] about Weekly Update – January 17th, 2025