Kickstarter LAUNCH π date announcement tomorrow
normalπ’ day | β update | Katie's BUY plan
UP! π§ββοΈ β« Rock climbing reminds me that life & markets are ups & downs
π£ Our β½ Kickstarter π₯
date is being locked down!!!
Final details being taken care of. Weβll give you the EXACT time and date it goes LIVE tomorrow!!!! Come back to this exact spot π― tomorrowβ
Fed release date event betting π is driving markets today
I told you recently that markets currently are being driven by event betting. Last Thursday was for the release of CPI data β inflation information. And today itβs for the release of the minutes from the Federal Reserve meeting.
And tomorrow we have employment data being released. When these kinds of βreleasesβ take on huge importance, hedge funds and futures/options speculators will line up to take bets. And then once the news is released (event is over), they will cash out. Then the markets will look to stabilize with regular buyers coming in to set prices. Now, at some point, things will turn over and macro events will have less say than they do rn. But for rn, this kind of event betting is driving market prices.
βdownβ π’ days are normal in markets
Attaching your emotions to stock prices is terrible for you. Itβs human to βrootβ for higher prices. But, itβs then human to feel disappointment. But then we often go and act on this disappointment. Thatβs trouble for your LT financial well being.
We all KNOW that prices swing daily. Up, down, up, up, up, DOWN. Any chart of any stock, crypto, investment shows you this. Still, itβs impossible to not get caught up in βrootingβ for gains. Then, the key is to stop yourself from acting on whatever impulse that it creates in you.
On βdownβ days like today, KNOW that your instinct is going to be to SELL and cash out. On a βupβ day itβs to buy and go all in on that stock youβve been watching for weeks. Studies show that most ST traders end up selling right AT the end of the down move and buying near the end of the UP move. Thatβs because βdownsβ make us panic, and βupsβ make us confident.
Bottom Line: Stock prices have been rising for three weeks. So, our βrootingβ π³sympathies as you can imagine are pretty strong in the wanting more gains NOW column. So, just be mindful of where you are so that you donβt swing with the market!
Katieβs $1 a day X8 BUY plan takes the emotionsπ¬ out of buying
What if you took the emotion out of this and bought a little everday? This is a plan that Katie tweeted to me. And imo this is a winning plan for many of us. Not just financially but also for managing your emotions. Your speed maybe $10 or $100 a day or $1000 per day. The key is to buy consistently and evenly AND to keep your emotions under control. This plan is especially effective in a bear market imo where daily prices swings are 5% - 10%!




On βdownβ days I like to check our bull mkt checklist π
ARKK 0.00%β trading above $50?
ARKK 0.00%β after trading above $50 for 7 out of the 9 last trading days is back under $50 again. I expected that there would some "testing" of this $50 price. Why? Because from experience and behavioral finance research, round numbers like $50 tend to draw casual buyers in. And those buyers won't stick around for long especially if prices get marked down. So as a result there is always some amount of "digestion" that happens at this kind of price level. But, I believe that the price action we have seen -- ARKK 0.00%β at $50 for 7/9 days -- does fulfill the checklist requirement β . Next step, will be to see ARKK 0.00%β clear $50 and any future "digestion" period will see it buyers come in and buy to "support" the $50 price.
2. IEF 0.00%β (10 yr US Treasury bond ETF) and TLT 0.00%β (30 yr US Treasury bond ETF)
The second condition on the Bull market checklist is bid up buying for these two bond ETFs. Remember that bond prices are a bit weird. Bond prices go UP when interest go lower. I've gone into that a few times before so won't do it again here. But just try and lock that into your mind for now.
Now, these two ETFs have been hovering around the prices they hit about a month ago. From here, we want to see them both be bid up in price. That's because it would mean that bond buyers feel like inflation is not a concern. The thinking here is that, LT bond buyers would not buy bonds for 10 or 30 years if they felt inflation is a genuine problem LT. This is also β in my book in terms of meeting the requirements of the checklist.
The reason it's a β is because these two ETFs have been trading at these levels for nearly a month. That's pretty solid in terms of buying. Second, inflation data is starting to show that general inflation expectations are going down. So, we have good reason to expect bond prices to keep rising and LT yields to keep going down.
3. Fed rhetoric. We want to hear the Fed start to back off from itβs very militant view about inflation. And we would also like to hear them acknowledge some of the weakness we have been telling you about β inventory issues at TGT 0.00%β WMT 0.00%β etc. We also would like them to let the markets KNOW that they do not believe that LT inflation is a genuine problem. This checklist item is not yet checked off because the Fed continues to be quite militant on inflation. But with today's release of the minutes we're getting nearer to ticking this off. But not yet. β
Bottom line: Many of our stocks have hit bottom imo. But they canβt be sustainably bid up in price till BUYERS feel comfortable to come in and buy. Buyers we think will come in to buy when our 3 part checklist is fully ticked.
We believe that our 3 part test both measures and guides as to when/if/as that is happening. Please read previous substacks/watch Youtube videos on my channel on this for more background on our checklist.
Final note: You can see this last period of the bear market as a last chance/period to buy at low prices, if youβre still buying. Or you can see it as a period of waiting before prices get bid higher and the new BULL market launches.
π£ Once again, check back in tomorrow when weβll give you the OFFICIAL time/day that our Kickstarter goes live!
Itβs never routine because you know LOVE/LVOE is never a routine.
Itβs something you FEEL in your β€οΈ from your Heart!
WE LVOE YOU β€οΈβ€οΈβ€οΈ! Thank you for your LOVE β€οΈ and Support π!
We are grateful and we appreciate YOU!
π§‘LVOE to YOU from US π§‘
Paul,
Love your adventure picsπ keep climbing, keep smilingβ¦.so happy for you! #rockstrong!
Paulβ¦ you are the best! I canβt wait for your kickstarter offer! Iβve been following you for several years and have done well! In my house we have a mantraβ¦ Paul says buy, I buy. Paul says sell, I sell. Thatβs it! I have a successful business and love that Iβve done well following you for my investments and glad I donβt have to make any decisions. Iβve never written to you yetβ¦ just quiet behind the scene. Wanted to tell you how happy I am that you are doing all this so we all can keep going and doing well! Jerri