I will be recording here in a few minutes so that you have time
to watch the newsletter well before the Super Bowl or Superbowl
however you spell it (seems like that's a controversy LOL), here's
my writeup
I hope everyone had a nice weekend so far and I'm sure many of
you have Superbowl or Super Bowl (which is correct) plans/parties
on Sunday evening, that's why I'm putting out this newsletter/video
as earlier than we typically post on late Sunday afternoon.
The S&P 500 closed above 5000! Remember that 5000 was an
easy target, those big round numbers are self-fulfilling
psychological zones that are magnets when price gets too close. The
uptrend momentum train continues, and in typical fashion the market
has rallied throughout earnings season (as it almost always
does).
The market has climbed a wall of worry over the last year.
The thing about 'Wall of Worries' is that you can always make a
rational reason/s why the market is too overvalued and overbought,
and what's worse is that this may keep you on the sidelines not
participating in the rally.
This is why following the trend is important and like a broken
record this is why I keep pressing the KISS Trend Systems, they are
designed to adapt and catch the trend, they are unbiased. The KISS
systems went long on the major indexes back in late October and
early November as well as most of the major stocks and have nailed
this uptrend.
Real Time KISS Systems Trades: KISS SPY +24%, KISS UPRO +46.4%, KISS QQQ +24.1%, CRWD
+115.8%, NVDA +43.9%, META +34.89%
From a technical perspective, nothing has changed, I'm
viewing this move as a wave (v) of 3 that once it ends, we'll have
a larger wave 4 pullback (in the bull market) it won't be the high
of the bull market but a nice correction. For now we simply follow
the uptrend and the KISS systems. As earning seasons winds
down, that could be one things that has been pushing the market
higher to finally cause some weakness.
Party Like It's 1999! Honestly those of you who were
in the market in 1999, this action remains me of this, go with the
flow until the music stops
Weekend Newsletter write up and recording shortly
Posted by matt on 11th of Feb 2024 at 11:44 am
I will be recording here in a few minutes so that you have time to watch the newsletter well before the Super Bowl or Superbowl however you spell it (seems like that's a controversy LOL), here's my writeup
I hope everyone had a nice weekend so far and I'm sure many of you have Superbowl or Super Bowl (which is correct) plans/parties on Sunday evening, that's why I'm putting out this newsletter/video as earlier than we typically post on late Sunday afternoon.
The S&P 500 closed above 5000! Remember that 5000 was an easy target, those big round numbers are self-fulfilling psychological zones that are magnets when price gets too close. The uptrend momentum train continues, and in typical fashion the market has rallied throughout earnings season (as it almost always does).
The market has climbed a wall of worry over the last year. The thing about 'Wall of Worries' is that you can always make a rational reason/s why the market is too overvalued and overbought, and what's worse is that this may keep you on the sidelines not participating in the rally.
This is why following the trend is important and like a broken record this is why I keep pressing the KISS Trend Systems, they are designed to adapt and catch the trend, they are unbiased. The KISS systems went long on the major indexes back in late October and early November as well as most of the major stocks and have nailed this uptrend.
Real Time KISS Systems Trades : KISS SPY +24%, KISS UPRO +46.4%, KISS QQQ +24.1%, CRWD +115.8%, NVDA +43.9%, META +34.89%
From a technical perspective, nothing has changed, I'm viewing this move as a wave (v) of 3 that once it ends, we'll have a larger wave 4 pullback (in the bull market) it won't be the high of the bull market but a nice correction. For now we simply follow the uptrend and the KISS systems. As earning seasons winds down, that could be one things that has been pushing the market higher to finally cause some weakness.
Party Like It's 1999! Honestly those of you who were in the market in 1999, this action remains me of this, go with the flow until the music stops
Key Events This Coming Week:
- Monday: Treasury Budget
- Tuesday: CPI/Core CPI
- Wednesday: MBA Mortgage, Crude Inventories
- Thursday: Initial Jobless Claims, Export/Import prices, Philly Fed, Buis Inventories, NAHB Housing, Natural Gas Inventories
- Friday: PPI, Core PPI, Housing Starts, Univ Michigan Sentiment
Here's the Webpage form of
Posted by matt on 11th of Feb 2024 at 01:19 pm
Here's the Webpage form of the newsletter
unfortunately I have to record the youtube video again, accidentally deleted it, GAWD!!!