Take A Deep Breathe
Take A Deep Breathe
In through your nose, out through your mouth.
In through your nose, out through your mouth.
One last time….In through your nose, out through your mouth.
See how refreshing that is?
That’s the Kryptonite to bad decision-making in Bull Markets, taking a deep breathe.
It’s boring, elementary but it’s exactly what the Bull Market Prescribes.
Same Old, Same Old
It’s easy to overthink and mistake that for valuable insight. I’m guilty of it daily, but recognizing it is the first step toward improvement.
With so many headlines this week, earnings on the horizon, and the election around the corner, it’s easy to see a week of market consolidation and confuse it with a market correction. Why? Because no media outlet can get clicks by writing, “same old, same old”—so I will.
This is just the same old, same old. All the major averages are simply consolidating above support within the context of a secular bull market. I remain bullish.
S&P 500 – Same old, same old. Consolidating above support within the context of an underlying uptrend. RSI remains above 50, +DI remains above -DI.
Nasdaq 100 – Same old, same old. Consolidating above support within the context of an underlying uptrend. RSI remains above 50, +DI remains above -DI.
S&P 500 Top 50 ETF – Same old, same old. Consolidating above support within the context of an underlying uptrend. RSI remains above 50, +DI remains above -DI.
S&P 100 Equal Weight ETF – Same old, same old. Consolidating above support within the context of an underlying uptrend. RSI remains above 50.
Amid all the noise, the same principles hold true: patience, clarity, and confidence in the broader trend.
So as we step into another week of headlines and predictions, remember—the Bull Market’s best prescription is consistency over complexity. I’m staying bullish. Same old, same old.
Cheers,
LT
