Catching the stock market wave


I’ve been thinking about the way trading can be like surfing.

It’s all like riding a wave.

You see, in the long run, everything is eventually reflected in the numbers.

What is “the market,” after all, except the quantified form of human wishes, dreams, ambitions, and fears?

All right, maybe that’s a bit abstract but stick with me…

Ultimately, all those numbers on the screen, all the trends and patterns, are the products of countless value judgments made by individual people.

It’s so complex that no central system can properly coordinate a price system. (This was economist Ludwig von Mises’s essential argument against command economies and Karl Marx).

The price system, in the end, is nothing but a simple way of conveying extremely complex information.

And those of us who have been trading for a long time can see certain patterns – to use a movie metaphor, certain indications in the Matrix.

That’s what “signals” are – the manifestation of a larger pattern that gives you some predictive capacity about what’s coming up.

It’s like a skilled surfer looking at a building wave and knowing what’s coming. He doesn’t know every little current that’s happening underneath, and he doesn’t need to know it.

He’s seen the pattern enough times that he can act based on what he’s seeing.

But knowledge has to be joined with both technical skill and mindset.

It’s not enough to know what’s coming if you don’t have the muscle memory that allows you to surf.

And it’s not enough to have both skill and knowledge if you don’t have the courage to go for a big wave… knowing that there is always danger, no matter how much you prepare.

I say this because we’re about to see some major external factors – things we can’t control.

Decisions from the Fed, earnings reports, a major jobs report at the end of the week…

I have a pretty good sense where these are going but no one actually knows until we see them. Then it’s just a question of how to respond.

Every single person receiving this should look at what we’re doing as a kind of school. It’s not just “here are some interesting trades you might consider.” That’s fine as far as it goes.

But you get more out of it – and you make more money – if you understand the underlying rationale and learn how to trade.

That’s why we include “Coaches Corner” every day now… and why I’m so excited about the way Chris Hood’s TRADECOMMAND has developed into a real trading community.

We don’t want passive “readers” or “consumers.” We want fellow traders who are attacking the big waves alongside us.

We will do everything we can to get you prepared. We see our success as linked to yours.

But in the end, you must have the courage to jump into the water.

We will back you every step of the way.


Keep Moving,


PS. While the market sank 6%, you could have closed December out with a PROFIT of $18,500…with only $1,000 deployed on each of my trades – including our very few losses.

 

While many others have joined the TradeCommand Network for $2,997 a year, you can try Chris Hood’s’ strategies for ONLY $97.

Click here now for the full details.


COACH’S CORNER

“We spent the majority of our day trading the SPX index. I addition to closing several credit spreads we landed a beautiful 102.22% winner on a call option. I’m not only providing actionable, winning trades, but telling you HOW I set them up so you can do them on your own. Today was a lesson in patience – one that paid us well.”

“Looking at the 15-minute chart of the day we saw gap down in the morning, slight pop in price, then a straight run down into the close. Price action was sluggish, and we went into the close on a bearish note. We’re still sitting above resistance on this chart, and the higher time-frames don’t look much better. I suspect more downside to come, but only time will tell.”

Cheers,
Chris Hood

 

 


WORD ON THE STREET 

TSLA Prompts Price Cuts, Good News From IMF, BABA Bombs

  • So Much For The Great China Reopening – While China is bouncing back from zero-COVID policies, nothing is easy. Alibaba (BABA) is reportedly considering a move to Singapore. The company has denied the reports, though it is building a “campus” there. BABA was down more than 6%. Fellow Chinese tech company JD.com was also down 6% on news that it was backing away from foreign markets. I guess these guys can’t win no matter what they do.
  • Begun, The Price Wars Have – Tesla (TSLA) was getting plenty of criticism a few weeks ago when it started slashing prices. Many thought Elon Musk was acting out of desperation. Here’s the thing though – when a competitor starts cutting prices, you need to respond. And so it is that Ford (F) is cutting the price of its Musting Mach-E Tesla competitor to match Musk’s new discount. Both TSLA and Ford were down – price wars are good for consumers, but rarely good for companies.

Ford (F) is already facing a tough battle trying to claim market share from Tesla in the EV market
  • Shadowy Globalist Cartel Says We’re Actually Fine – The International Monetary Fund raised its growth forecast for 2023, pointing to lower inflation and China’s reopening as reasons for optimism. The global growth estimate for 2023 is now 2.9%, up 0.2% from what it predicted in October. However, the IMF said the situation remains “fragile” as the war in Ukraine rages on.

  • “I’m Lovin’ It.” Are You Though? – McDonald’s will be reporting earnings about the time you are probably reading this. Expectations aren’t great, with MCD down slightly yesterday during the trading day and in after-hours. While analysts expect strong demand, most traders will be looking to see what the company predicts for the remainder of 2023.

 

 


HOT SPOTS: What’s Going on in Geopolitics

  • China Really Wants People To Have Kids – Again, the “one-child policy” may go down as one of the greatest self-owns in geopolitical history. Chinese officials are low-key panicking about collapsing population, and policies are changing fast. In Sichuan province, home to more than 80 million people, the government has lifted restrictions on unmarried couples having children and on the overall number of children allowed. So, uh, get to work people.
  • NATO Looks Towards The Pacific – NATO Secretary-General Jens Stoltenberg is meeting with leaders in Japan and South Korea as he attempts to build a regional alliance against Chinese expansion. In June, NATO termed China a “systematic challenge to Euro-Atlantic security.”

  • Report: Russia Mobilizing Another 200,000 – As Russia continues its grinding offensive in Donetsk, time is no longer on Vladimir Putin’s side. New weapons may give Ukraine the advantage come spring. To co-opt this, NATO Secretary-General Jens Stoltenberg claimed that “they [Russia] are mobilizing more soldiers, more than 200,000, and potentially even more than that.”


Chief Investment Strategist, Adam O’Dell, says we’re witnessing a new oil boom that is STILL just in its infancy.
Because Adam says there’s a convergence of multiple geopolitical and economic factors coming together in 2023…that will create a brand-new SUPER BULL in oil…
That could send prices higher than any previous peak in history.

CUTTING EDGE: Whats Happening In Tech

  • SNAP Starts Big Earnings Week – Those worried about the online ads market will get their first look at the situation when Snap Inc (SNAP) reports earnings after market close today. SNAP was up over 1.5% during the trading day and in after-hours trading, as traders displayed some optimism. However, the company is still recovering from major layoffs, suggesting that executives may see some revenue problems.
  • South Korea Unveils Crypto Tracking System – Cryptocurrency could potentially be used (in theory) for transactions that you don’t want the government to know about. But death and taxes are inevitable, and South Korea has found a way to track crypto. The South Korean Ministry of Justice unveiled plans for a tracking system that will be in place this year to prevent money laundering and criminals hiding their ill-gotten gains.

  • Twitter Payment System – Elon Musk has referred to a universal app known as “X” in the past. And here’s the thing with the TecnoKing – his idle musings tend to become reality. Twitter is reportedly considering a payment system – something that could be a mortal threat to PayPal, Stripe, and other payment processors who may find themselves no longer needed.

Twitter’s potential payment system may use cryptocurrency

FOR YOUR CONSIDERATION

“I don’t think I’m alone in developing a certain contempt for the Chinese government’s weakness.”

What exactly is China doing? It’s own leaders may be asking themselves that question.

As the United States continues to pressure Beijing on semiconductors and flaunt its ties with Taiwan, China is facing humiliation. Does China have the will to strike back?

Mr. X doubts it.

 


Enjoying Dawn Report? Learn something, made some money?
SHARE YOUR STORY WITH US OR TELL US HOW TO SERVE YOU BETTER.
Let us know at info@rogueinvesting.com

Share this:

Facebook
Twitter
LinkedIn
Pinterest
Reddit
Email
Print

test

Are you ready for The Great American Reset?