It’s official… America’s facing a bear market.
But that doesn’t mean you have to be.
Dr. Kent Moors has seen this coming for a long time… and subscribers to Sigma Trader are already well placed.
As of this writing, there are some great trades developing…
In Sigma Trader:
Up 20% so far on ProShares UltraShort S&P500 (SDS)
Up 35.84% so far on Direxion Daily Small Cap Bear 3X ETF (TZA)
In PRISM Profits:
Up 16.199% so far on ProShares UltraPro Short Dow 30 ETF (SDOW)
Up 44.987% so far on ProShares UltraShort QQQ (QID)
Don’t be left out of what’s next – check out his latest message here.
Look, don’t stress…
A bear market is just another trading environment. The opportunities are the same.
What the market is doing as a whole should have no impact on your win/loss ratio.
It’s just about adapting to different circumstances… which is what we need to do every day anyway.
Mr. X writes today on what seems like an impossible scenario… what if Russia wins in Ukraine? More precisely, what if after capturing a few more cities, it simply claims victory and presents terms?
With Western economies faltering, some politicians may be tempted to take that offer.
The point here is that a market decline like yesterday isn’t some dramatic departure from the norm. Markets rise and markets fall. Sometimes it’s in response to our own government’s policies, more often it’s because of larger circumstances.
All we can do is trust the charts, trust our tools, and trust our experience to turn every scenario into a potential victory. There can be no wishful thinking.
As traders, we deal in what’s real, not what we want to be real.
We take our responsibility here very seriously. We will never tell you what people want to hear. To the best of our ability, we will tell you how it is.
And our goal is to profit together… every single time. Maybe that’s impossible. But it won’t stop us from trying to achieve it every single day.
Never be satisfied. Always demand more.
In this week’s Hood Talk, Chris looks at the market through three time frames – the daily, monthly, and weekly charts.
This isn’t just guesswork, but an analysis using tools that hedge funds are willing to pay millions of dollars to use.
WORD ON THE STREET
Bear Market Is Official, Crypto Collapse, Intrigue At The Fed
-
Bears Are In Season – With the S&P500 losing almost 3.9% yesterday, we’re officially in bear market territory. The S&P500 has lost about 21% since the beginning of the year. The NASDAQ fared even worse, losing about 4.68% yesterday.
-
The Fed’s Impossible Choice – With stocks tumbling, the Federal Reserve faces a situation that would baffle Solomon. A higher-than-expected rate hike at its meeting this week, such as a .75% increase, could crush the stock market. However, if the Fed is behind the curve when it comes to stopping inflation, there may be no other choice but to embrace the suck. Federal Reserve Chairman Jerome Powell generally tries to avoid shocking markets, but last week’s Consumer Price Index report may convince him to stop runaway price increases at all costs… even if that means devastating a 401k or two. Or two million.
-
Binance Halts Withdrawals Because Of Technical Error – Binance is the world’s largest crypto exchange by trading volume, but it wasn’t much use for customers on Monday. Withdrawals were halted even as prices fell because of a “stuck transaction causing a backlog.” That may be no comfort for those desperate to unload rapidly depreciating digital assets – Bitcoin fell below $21,000 and ETH was struggling to even stay above $1,100. I, for one, blame Matt Damon and his crypto ad.
-
Elon Musk To Talk To Twitter – Elon Musk’s bid to take over Twitter continues to slog forward even as it appears Musk is looking for a lower price. Twitter reported that the TecnoKing will be attending an all-staff meeting this week to talk in person to employees. Twitter employees have reportedly been scared and angry about Musk’s takeover, with some predicting a mass exodus if he completes the deal.
HOT SPOTS: What’s Going on in Geopolitics
-
Putin Reportedly Shaking In New Footage – President Vladimir Putin was reportedly shaking uncontrollably as he presented the State Prize of the Russian Federation to filmmaker Nikita Mikhalkov. President Putin has also reportedly postponed one of his marathon annual addresses in which he takes questions directly from the Russian people. While some speculate he didn’t want to face hard questions about the war in Ukraine, others suspect he may simply not be physically capable of it anymore.
-
China Warns USA To Stay Out – China has reportedly told the United States to stay out of the Taiwan Strait in private discussions between military leaders. While China’s claims on Taiwan are nothing new, raising this particular issue is. China is taking steps to expand its presence in the South China Sea and may start confronting foreign ships in the Strait. China already has repeatedly tested Taiwan’s air defense systems by sending warplanes near what it considers a “rogue province.”
-
POTUS To Run For Re-Election – The Biden Administration pushed back against claims that he would not run for re-election. “To be clear, as the President has said repeatedly, he plans to run in 2024,” tweeted Press Secretary Karine Jean-Pierre. There’s a not insignificant chance we get Round 2 between President Joe Biden and former president Donald J. Trump. Cue your epic battle music of choice.
CUTTING EDGE: What‘s Happening In Tech
-
Ghost In The Machine – Engineer Blake Lemoine has been suspended by Google after claiming that the company’s artificial intelligence tool LaMDA is sentient. “Over the course of the past six months LaMDA has been incredibly consistent in its communications about what it wants and what it believes its rights are as a person,” he said. Lemoine also claims that LaMDA is worried about what the public will think of it and compared its intelligence to that of a seven or eight year old child.
-
SpaceX Stalled By Federal Regulations – The Federal Aviation Administration has given SpaceX more than 75 new requirements the company must complete before it can launch its “Starship.” The requirements include various environmental measures, warnings for the public, and even a “historical context report” about events that took place near the launch site in Texas. Who would have thought you need to write a book report about local history before the government lets you launch a spaceship?
-
“Monkeypox” Cases Rise In UK; Some Want Name Change – Ever so slowly, monkeypox is becoming something people need to start worrying about, with 470 infections in the UK alone and more than 1,300 worldwide. Don’t worry though, the World Health Organization is ready to spring into action… to rename the disease. A group of scientists said the popular term for the disease is offensive, and there’s an “urgent” need to rename it.
FOR YOUR CONSIDERATION
“It’s unthinkable today, but unless Western weapons start turning the tide of the war in the next few weeks, it will be inevitable tomorrow.”
Putin is sick. Russian forces are on the brink of collapse. Sanctions are crushing the Russian economy.
All popular narratives. There’s just one big problem… Russia looks like it’s winning the battle for Donbas. If it can seize this territory, what then?
Mr. X warns the West is being pushed towards a dangerous choice – tolerate economic chaos for the indefinite future or pressure Ukraine to make peace. The latter might be preferable for investors… but many Ukrainians would call it a stab in the back.
And they’d be right.
Here’s what you need to know
The information in this email is intended for informational purposes only and does not guarantee specific results as there is a high degree of risk involved with trading. Also, our traders are real traders and may have financial interests in the companies discussed. Please see our Terms and Conditions for more information