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So Many All-time Highs

July 27, 2024

All week I had people telling me about the severe market correction that stocks were in.

But as I went through all the stocks, I actually found that it was the exact opposite.

Look at the Dow Jones Industrial Average going out this week at another new all-time high:

Sell Puts When You Can

July 25, 2024

The Volatility Index almost hit 20 this week.

That means there are opportunities to generate income that simply were not there before.

"Get while the getting is good", is how I learned it.

A month ago you weren't getting paid to sell volatility.

This week you are.

Take a look at Berkshire Hathaway, which represents the largest component of the S&P Financials Index:

This Group of Stocks is Next

July 25, 2024

Are you one of those people who thinks that Transportation Stocks are "boring"?

Those kinds of people exist out there you know...

But in my experience, these are some of the most important stocks in the entire market.

And there are ways to leverage these directional moves to maximize the profits in these types of stocks that you think may not move fast enough for you.

First of all, here is the Dow Jones Transportation Average in a long-term uptrend consisting of higher lows and higher highs:

Now You Want A Correction?

July 23, 2024

They're out there telling me that the stock market is due for a correction this quarter.

But the stock market just had a correction last quarter.

Look at the Equally-weighted Nasdaq100 Index making zero progress since the start of March.

Remember that correction we were looking for back in Q1?

Well we got it:

We Buy Stocks In Bull Markets

July 22, 2024

The Dow Jones Industrial Average just had its highest weekly closing price in history.

Meanwhile, this week we also saw the highest reading of NYSE stocks above their 200 day moving average during this entire bull market.

Do you know how many times we saw a new 52-week high for the Dow in 2021 along with these breadth readings also hitting new cycle highs?

Zero.

It didn't even happen once.

That's because back in 2021, market breadth was deteriorating, not expanding.

See the difference?

Dow's Largest Stock Breaks Out!

July 18, 2024

Is it bearish when the largest component in the Dow Jones Industrial Average breaks out of a multi-year base to new all-time highs?

To be clear, we're talking about the world's most important stock market index here. And UnitedHealth represents over 8.5% of the entire Papa Dow.

Look at this chart. While people are telling you that the market is in a bubble, things are parabolic and this is unsustainable, the largest weighting of the most important stock market gauge hasn't even done anything for years.

Until now...

Market Internals Hit New Highs

July 17, 2024

Counting is a lost art.

Humans love their short cuts.

Rather than taking the time to actually go one by one counting each of the stocks that are going up, down, or sideways, humans would rather skip that altogether in favor of their favorite Index or some kind of statistic.

 You don't need any sophisticated math skills in order to count how well or poorly the stock market is doing.

It's actually incredibly simple. 

Humans just don't want to do it.

And that's the arb.

This is Mid-Cycle Market Behavior

July 16, 2024

Are you paying attention to the things happening around you?

More stocks are going up in price, not fewer.

Consolidations and rangebound markets are resolving higher, not lower.

New leadership groups are emerging, not the same old leaders being recycled.

Big bottoms are completing and bases are breaking out to the upside, not huge tops breaking down to the downside.

And all of this while the world's most important stock market index is breaking out of a 4-month base to new all-time highs:

Your Bull Market Continues

July 15, 2024

It's worth pointing out that despite the events over the weekend, you're not seeing any bid at all for Gold.

It's the stock market that's getting a bid. It's Bitcoin that's up 6% since Saturday.

And it's the Small-cap Indexes that are hitting new 30-month highs:

No, It's NOT just Large-cap Tech

July 10, 2024

Have you heard that this bull market is only being driven by Large-cap Tech?

Well, what if Small-cap Tech broke out of this multi-year base to new all-time highs?

What then?

Would it still be just Large-cap Tech?

Here's what the index looks like and, by definition, it excludes any of the so called "Mag7" and any other Mega-cap stocks that are perhaps helping to drive other indexes.

Bezos Selling $5 Billion of AMZN stock

July 8, 2024

I don't know if you heard, but Jeff Bezos is reportedly selling $5 Billion worth of $AMZN stock.

And I'm being told how bearish this is and why we need to sell all our Amazon stock as well.

"He knows something, which is why he's selling so much of his stock"

In my experience, this bad take is only because some people think $5 Billion is a lot of money.

And maybe it is to you.

But $5 Billion is almost zero when it comes to someone like Jeff Bezos.

Bear with me for a second, let me put y'all on game.