Discount The Obvious

Hey Everyone, I hope you had a great week. Quick reminder, this is my last week of traveling, and there is essentially zero free time when you do this with an infant and toddler (especially at Disney World). Therefore, this summary will be more succinct. Here's a quick recap of last week's plan: While there are still a few hours left in the week, I can safely say I … [Read more...] about Weekly Update – May 19th, 2023

Hey Everyone, I hope you had a great week. Quick heads up, I'm traveling this week and next, and there is essentially zero free time when you do this with an infant and toddler. Therefore, these summaries will be much more succinct. Here's a quick recap of last week's plan: The market hasn't closed yet, but barring a crazy end of hour rally, I pretty much nailed this … [Read more...] about Weekly Update – May 12th, 2023

Hey Everyone, Happy Cinco de Mayo, here's a quick recap of last week's plan: After showing the data last week, I wrote "this shows why my bearishness will carry over to next week". Let's look at the final chart I shared in last week's write up. Here's what I wrote about this fake breakdown and eventual breakout. Thankfully, I was not suckered into that … [Read more...] about Weekly Update – May 5th, 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 the week up 0.87%. Thankfully, as you can see from this week's activity, I adapted to the market. While I certainly did not close my shorts at the bottom, I reopened those shorts at a 1.3% higher price. As of now, I'm bearish for the 1st … [Read more...] about Weekly Update – April 28th, 2023

Hey Everyone, I hope you had a great week, here's a quick recap of last week's plan: Before zooming in, let's look at the weekly S&P 500. It went basically nowhere, closing the week down -0.1% after all the volatility you'll see once we zoom in. I have written much of this year about how the S&P 500 is stuck in the same 12 month range. Hopefully this … [Read more...] about Weekly Update – April 21st, 2023