Discount The Obvious

Hey everyone, I hope you had a great week, here's a quick recap of last week's plan: Equities finished negative for another week. The S&P 500 finished (--1.9%) and Nasdaq 100 (-2.2%). Major indices all closed below the 50-day moving average, which was a first for the Nasdaq since September. Given that, some caution is warranted. And that caution is mostly, I … [Read more...] about Weekly Update – January 10th, 2025

Hey everyone, I hope you had a great week, here's a quick recap of last week's plan: Equities finished negative despite rebounding on Friday. The S&P 500 finished (-0.5%) and Nasdaq 100 (-0.7%). The heavy buying on Friday is encouraging for bulls, showing there is ample demand after this week's selloff. The breadth is also encouraging (purple arrow). Simply … [Read more...] about Weekly Update – January 3rd, 2025

Hey everyone, I hope you had a great week, here's a quick recap of last week's plan: Equities finished positive after last week's dump. The S&P 500 finished (+0.7%) and Nasdaq 100 (+0.9%). Small caps did not do as well, with the Russell 2k closing (-0.2%). Last week featured a 90% downside day, and so far breadth has not recovered at the same pace as the stock … [Read more...] about Weekly Update – December 27th, 2024

Hey everyone, I hope you had a great week, here's a quick recap of last week's plan: Equities were mostly negative. The S&P 500 finished (-0.6%) and Nasdaq 100 (+0.7%). The Russell 2k was down -2.6%, and the Dow (-1.8%). The Russell is particularly interesting, as it hit the "buy zone" I wrote about a couple weeks ago. This time of year is seasonally bullish, … [Read more...] about Weekly Update – December 13th, 2024

Hey everyone, I hope you had a great week, here's a quick recap of last week's plan: Equities had a positive week. The S&P 500 finished (+1.0%) and Nasdaq 100 (+3.3%). There isn't much about this action that's bearish, so I maintain my bullish stance. If there's one group that might catch up, it's small caps. The Russell 2k finished the week down 1.2% I … [Read more...] about Weekly Update – December 6th, 2024