Good Buy or Goodbye?

The first one here seems like the most obvious. All of us are interested because Ethereum is not just for crypto traders. At this point, with new investment products available, everyone can participate. Also, there are many other implications for other markets tied to Ethereum, like other coins, NFTs, future ETFs, etc.

This is a big one. Let's recognize that.

So is it a good buy? or a goodbye?

I think if we're above those first half highs, we want to be long. We need to be long.

But the implications of Ethereum NOT being above those highs could get pretty nasty.

And speaking of nasty, can you imagine being a permabear?

That must suck.

Check out the Dow Jones Industrial Average:

And here are the Dow Transports:

This is important, because if you remember, both of those indexes reaching their upside objectives in May, made us much more bearish/neutral stocks until last month. See: Cash & Champagne (May 15th).

You had a lot of stocks, sectors and countries around the world peak in February. And then you got that last thrust into May with whatever was left. And then everything got progressively worse.

Half the Nasdaq stocks ended up falling over 20%. And almost a quarter of the stocks on the Nasdaq got cut in half.

Those were serious corrections.

Small-caps and Mid-caps made no progress over multiple quarters.

Until now...

Hello Semiconductors....

New All-time highs here after little progress for most of the year:

Even Materials are getting in on the action.

This looks like an uptrend to me:

And what about Industrials?

To me they were consolidating near a logical area, based on basic arithmetic, and are now moving on:

But if everything is so great, then why did Bonds and Gold stop going down?

Before something can go up in price, in needs to stop going down:

And if stocks are going higher, rates are going higher and everything is right with the world, then what the hell is this all about?

And why is the US Dollar bumping up against this key resistance so much?

What happens if the Dollar breaks out?

Strength in US Dollars, US Treasury Bonds and Gold doesn't make sense if stocks are going to rip into the end of the year.

Can that happen?

Can stocks rip into the end of the year along with Treasury Bonds, Gold, USD and Japanese Yen?

I suppose technically they could.

But is that the bet you want to make?

Or are we going to revert to more traditional correlations, like what we've seen the past few years.

I think the Dollar and Copper are two big ones.

What's the solution?

I think you trade what's in front of you.

Treat emerging markets on their own, rather than collectively.

What do Russia and India have to do with China?

What do Copper and Bonds have to do with Software stocks in Luxembourg?

Trade what's in front of you.

Our Hall of Famers are great for just that.

We take the largest 100 companies in America, by market-cap, and then dive in to find the best opportunities.

This serves 3 purposes:

1) They're the biggest 100 stocks. So if you get these right, you'll get the direction of the market right.

2) Idea generation. These are the biggest stocks for a reason - they go up a lot!

3) Great for Options trading because all these names have a ton of liquidity in the options markets.

That's why the Hall of Famers are quickly becoming a fan favorite.

Here's this week's list:

Premium Members can download the complete report and trade ideas here.

If you're not already a Premium Member, shoot us an email or give us a call and we'll hook you up: 323-421-7910

JC