Discount The Obvious

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

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 (+1.1%) and Nasdaq 100 (+0.7%). Even more encouraging for bulls was the 10 year yield's reversal, which I suggested could happen last week. That blue line was indeed a lid, and it's hard being bearish equities until the … [Read more...] about Weekly Update – November 29th, 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 (+1.7%) and Nasdaq 100 (+1.9%). Indexes saw big drops over the past couple of days, and buyers eagerly came in each time. We'll see how that continues next week. I'm bullish longer term, and plan on opening more positions if … [Read more...] about Weekly Update – November 22nd, 2024

Hey everyone, I hope you had a great week, here's a quick recap of last week's plan: Equities erased much of last week's Trump rally. The S&P 500 was down (-2.1%) and Nasdaq 100 (-3.4%). I started opening positions, and this chart explains why. Blue square shows that more stocks have made net highs vs net lows during this drop, which is bullish longer … [Read more...] about Weekly Update – November 15th, 2024

ey everyone, I hope you had a great week, here's a quick recap of last week's plan: Equities erupted after Trump won the Presidency, with the S&P 500 finishing the week (+5.1%) and Nasdaq 100 finishing (+6.2%). It seems like the market wasn't expecting such a clear Trump victory, otherwise this move would have happened sooner. Either way, this high volatility … [Read more...] about Weekly Update – November 8th, 2024