Discount The Obvious

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

Hey everyone, I hope you had a great week, here's a quick recap of last week's plan: That short thesis finally came to fruition, and as predicted, price collapsed once that blue line was conclusively breached. Here is that blue line I reference from last week's summary. Turns out this line was indeed important. But I changed my mind during this drawdown, and … [Read more...] about Weekly Update – August 4th, 2023