It's Just A Matter Of Time

Some Charts And Data

There’s quite a few things I like about my charts and data.

I prefer to gravitate towards data because I know my numbers don’t lie to me, and price certainly doesn’t lie to me.

In my former “reactive” life, I used to watch the bearish financial media tinfoil hat brigades on CNBC, Bloomberg and most of the investment bank analysts get things badly wrong time and time and time again with their “it’s just a matter of time” shite (sorry, the Scottish in me can’t help calling it as I see it - and shite seems the most appropriate word).

It got frustrating. So I stopped watching, and instead put all my focus into understanding price.

“Are you going to worry about what the market might do, or what it’s actually doing”

I seen a tweet yesterday from JC Parets and I think it’s an important message worth communicating because many prefer to focus on headlines rather than price.

The doom mongers are not your friend, and they should be mocked, not followed.

Anyway, lets get into the charts.

All Countries - ETF Chart Book

I don’t know what you’ve heard, but stocks around the world have been going up this year.

The charts and data tell us that.

But rather than walk through the market using the magical hindsight indicator and tell you that you coulda, shoulda, woulda, lets pick out a few charts from the above matrix I think are worth watching.

The matrix is from 1 of our ETF Chart Books that our members have access to daily. (we cover approx. 140 ETF’s)

All of the charts above are built out - Examples below.

United Kingdom (EWU)

We’re approaching big levels in the U.K, if the chart resolves ABOVE $35 and levels dating back to 2018, what’s not to like?

Canada (EWC)

Or how about my old country of residence, Canada?

$36.50 is my level here.

ps. I don’t miss the constant 9 months of rain in Vancouver.

US Stocks

Tip: Once you take your eyes off the economic data and the major averages, things really do become a lot clearer.

The S&P500, the QQQ’s, and the small caps are all chopping about, and while we have a stock pickers environment, the only way to navigate things is to dig in and do the hard yards.

So what about some individual names have been setting up recently.

Berkshire Hathaway (BRK.B)

Uncle Warren keeps doing Uncle Warren things, Berkshire is moving higher and buying back its stock, if we’re above $317 - what’s not to like?

Don’t tell the perma-bears though, it’ll just make them angry.

Google (GOOG)

A mega cap tech name which hasn’t really got going this year.

$110 is the level here.

DraftKings (DKNG) - Recent Trade Idea

If you follow my Twitter, you’ll know a few weeks ago I highlighted the break out in the BJK Gaming ETF (chart below) - and DraftKings was our pick for members 2 weeks ago, it’s now at a logical pause level after an 18% move and great earnings - but could it break out (again) above another key level?

Van Eck Gaming ETF (BJK)

Monster Beverage Corp (MNST) - Recent Trade Idea

Again, beautiful uptrend and solid earnings, we met our Target 1 objectives before earnings, we’re now working with target 2 at $71 and our trailing stop loss will tell us how far it ultimately goes.

In Conclusion

The market doesn’t need to be tricky. It doesn’t have to be a drunken 3am Vegas game of roulette because the reality is everyone has the ability to manage risk.

Once you let go of the perma-bear nonsense floating about Fin-Twit and the Financial Media, it really does become easier.

I seen a chart earlier today with a TSLA target of $23 and the usual doomsday warnings, then I seen the chap in question had 100k followers lapping it all up - don’t follow these folks, as I said earlier they deserve to be mocked instead.

Could the market correct this week/month/year?

Of course it could, anything can happen but we live with correction fears every. single. year. So why is this time different?

In the meantime, I’ll continue to focus on the individual risk : reward propositions and when the time comes to get defensive, I’ll make sure I’m on top of that too.

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