Discount The Obvious

Hey everyone, I hope you had a great week, here's a quick recap of last week's plan: That "intermittent term" ended up being Wednesday, when I opened Snowflake & Samsara positions, and went long equities, gold, and bonds. Markets generally declined this week (Ark was up, which is important for bulls), but my long entries have been lucrative thanks to some decent … [Read more...] about Weekly Update – September 8th, 2023

Hey everyone, I hope you had a great week, here's a quick recap of last week's plan: This worked out well, as everything started rising on Monday, and didn't really look back. Those blue lines are the same I tracked last week, except we're on the upper end this Friday. As you can see below, we were on the lower end of the channel last Friday. Thus, last week's … [Read more...] about Weekly Update – September 1st, 2023

Hey everyone, I hope you had a great week, here's a quick recap of last week's plan: This proved out correct. After a week of remarkable volatility, the S&P 500 finished up 0.8%. In case you're curious what that big blue line is, I'll zoom out for you. This is the channel that the S&P 500 futures $ES has been trending in since mid-July. And I would … [Read more...] about Weekly Update – August 25th, 2023

Hey everyone, I hope you had a great week, here's a quick recap of last week's plan: I got this incredibly wrong, and apologize for such a big miss. You'll see how painful this week was for me, and despite such a large drawdown, I still believe my bullish stance is the best position at this moment. I'll explain why I believe so, just keep in mind that this … [Read more...] about Weekly Update – August 18th, 2023

Hey everyone, I hope you had a great week, here's a quick recap of last week's plan: I got this wrong, as the S&P 500 closed down -0.3%. But in all fairness, I did write: This could change quite quickly, though, if the evidence changes. If it does, I'll hedge my long equity positions. That evidence changed, so I hedged. Those longs were hedged on Tuesday, and … [Read more...] about Weekly Update – August 11th, 2023