Discount The Obvious

Hey Everyone, I hope you had a great week, let's get into it. Portfolio & Market Updates My portfolio rose 1.7% this week, roughly in line with the S&P 500 (+1.6%), and Nasdaq 100 (+1.7%). While the week overall looked positive, we can see that more Nasdaq stocks are still making new lows compared to new highs. This tells me that demand hasn't … [Read more...] about Weekly Update – February 4th, 2022

Hey Everyone, I hope you had a great week, let's get into it. Get ready for a ton of charts summarizing this week. Here is the gist: Major indexes had major volume reversals, which is generally bullishDue to this and seasonality, I'm still expecting a bounceWe still need a follow through day for confirmationI'm unsure if this "bounce" is the end of this correction or … [Read more...] about Weekly Update – January 28th, 2022

Hey Everyone, I hope you had a great week, let's get into it. Portfolio & Market Updates My portfolio fell 3.5% this week, outperforming the S&P 500 (-5.7%), and Nasdaq 100 (-7.5%). This wasn't really a small caps story - Small Cap Growth $IWO was down 9% this week, and Ark $ARKK was down 11%. My trend indicator was a life saver when I sold all but … [Read more...] about Weekly Update – January 21st, 2022

Hey Everyone, I hope you had a great week, let's get into it. Portfolio & Market Updates My portfolio fell 1.4% this week, slightly below the S&P 500 (-0.3%), and Nasdaq 100 (+0.1%). It turns out that all of my sells from the week prior were well timed (Alibaba was the exception, up 1.4% this week). As boring as my portfolio is right now, holding only two … [Read more...] about Weekly Update – January 14th, 2022