This week on the show, we talk about recognizing your surroundings. What's happening around you in this particular cycle. Are there "cult leaders" you can point to that suggest we're near the end of a cycle and/or bubble?
Divergences Galore is the big theme here this week. More recently, lumber prices are coming off while the Copper/Gold ratio rolls over pretty hard.
It's a scary time to be a "growth investor," which in my opinion just means you can't get over your recency bias. There's a time and a place for everything, and growth stocks continue to put in new 52wk lows relative to value stocks.
Let's dive into our Follow The Flow Scan, where we're looking for unusual options activity to put on both long and short positions. We saw a ton of bearish flow in the ARKK ETF last week and want to be short the ETF and continue to be short AAPL along with it.
00:00 - Intro
01:37 - Lesson of the Day
05:13 - The Trend of Growth Stocks Getting Crushed Continues
07:57 - Looking for Shorting Opportunities in the Growth Areas
13:07 - Thoughts on the Currency Report
14:31 - A Standout
15:22 - Divergences
16:27 - Smart Shorts
19:06 - Continuation Patterns
21:41 - Follow The Flow Scan
24:37 - The Under The Hood Report
26:40 - Answering Your Questions
A lot is going on in today's market that continues to point to heavy cash positions, Gold and Bonds as places to look to buy.
If you'd like these slides, email [email protected] and use the password: "Divergences Galore"