What is going on with the Market?

As I write this the news media is having a field day with this so called stock market crash. The news media oftens does this when the market declines more than 2%. They feel like they have to have something to blame and so they get on tv and act as if the sky is falling all around us.

Guess what… It’s not!

I personally have made a nice profit this week from the decline and I am grateful for the decline. Why?

I know the buying opportunties that will setup in the coming months because of the selling pressure currenlty being releashed.

We will talk in this issue about the one secret to having more profitable trades, but first I wanted to address you on the matter of what to expect from the market in the next few months.

It is August and next comes September which historically are the 2 worst months consecutively for a rise in the market. Typically the market hits the summer lows during these 2 months or retests them if already hit.

Therefore do not be suprised if you see more significant down to come( hint- hint)

Really be happy and be prepared because based on what the $SP500 charts say, the down is just beginning. However periods of up, which we know as profitaking, will take place during the next months.

The overall trend I expect will be down. So as much as I understand why people want to blame Kamala. This time the crash was not her fault. Though her election, if it happens, could have a significant effect on the market in the future.

For now she is off the hook and let us focus on making the easy money in the direciton the market wants to go.

How to 2x Your Returns with 2 Simple Tweaks!

As an investor I had to learn the hard way to stop listening to the news media.

The media such as CNBC and others thrive on hyping the moment and emotion.

Which is the opposite of the mindset of great investor.

I was driving to our studio today and I came upon a sign that read road closed high water.

The car infront of me turned around and went back.

I on the other hand could see clearly that the water was gone. That sign was put there to warn me of a danger that had already passed.
I choose to think for myself and because of that I cut time of my trip.

The news media is that road closed sign. They love to call your attention with bright colors and scare you into believing that you shouldn’t think for yourself. Listen to them becasue they have the people on the payroll that are in the know.

In truth the media have people on the payroll that know what I know but would love nothing more than to take the opposite side of the trade. They want to masses of people out there to move money based on emotion, because emotion is tradable and they can make a profit.

Do not let the media turn you into a sheep and lead you slaughter.

The 2nd tweak here is about how you buy or sell.

Do that with a trend chart, decision chart and action chart. Always a minimum of three charts.

For most trades you can use the Weekly chart as your trend indicator and only buy with the trend or sell with the trend.

If the weekly is sideways then wait for a trend to be established before you take action.

I know this sounds simple but go back and look at your losses for the past year and see if the weekly actually had room to move in your direction at the time you decided to buy.

My profits this week happened because I traded into the down and took profit when the move on my action chart was over. I actually held one put on GS too long and instead of a 540% return I ended up with a 92%.

Now that is still a quality return but the difference is thousands of dollars in loss to my family and they will never see that money. This all happened as a result of my greed. I let my emotions take over and thought the put is just getting started why should I exit.

Emotions while investing will always steer you wrong. In my opinion

• I expect this week to be a continuation of the downward movement after some sideways profit taking. The profit taking could last all week so I may not trade at all this week.

• My watchlist is as follows:

• NOW- 1 move mid -August expected

• SOXL - 1 excellent move mid - August expected

• NVDA - August earnings 8/28/24 I expect 1 move ethier pre or post earnings release

• LRCX - 1 move in August

• DE - 1 good move mid -August into earnings release 8/15/24

• BLK - late August 1 good move expected

• ALB - 1 excellent move in August post earnings report (posted earnings on 7/31/24 so waiting for that to setup

I want to personallly welcome everyone that is new since last week’s edition.

Welcome to the Investor Family!

This week I am working on a video that will cover many lies about the stock market that we are taught as a society that are simply useless for those of us that want to control our own financial destiny.

Be on the look out for that soon on the youtube channel.

Your Friend in Success,

Robert M Morris

Please note this is not financial advice as I am not a financial advisor and honestly not sure I want to be.

Give this information to your own financial advisor before acting on it in your own voliation.