Happy Monday a little later than usual. I can sense that you have felt the lonely, cold winds of a market selloff with no one to cushion your fall. No one to tell you things were going to be all right. There, there friend, OC is here for you, behind the scenes digging deep into the bowels of this recent unforgiving market in hopes of ripping its cancer out from within. I spent the weekend going through what seemed like 10,000 charts in multiple time frames searching for ways to cool your fevered heads. I have suffered from the same slow burn as of late, rest assured I feel your pain, and then some.
Personally, I went from all time highs in several accounts I manage to falling behind the benchmark indexes. And taking into account a risk-adjusted return? Forget about it. I don’t spend night and day analyzing the mechanics of markets to be a failure. I won’t stand for it. I have just less than one quarter to finish the year respectably, and I plan to do so. Due to recent losses I have had to redo my trade plan a bit. I spent the day doing that.
A couple of quick notes:
I am taking the Series 65 exam in a month. For any of you who have taken this one, how’d you manage to study without falling asleep? Holy boring.
Our Elite Service letter has now been live for a month and I have gotten some great feedback from a few of you. The analysis portion of the letter done by my partner Marius Alexe, CMT could amount to a new age technical analysis textbook of its own one day. The Top 10 List of stock setups each week has had some really big wins and some misses as well. This is to be expected. This service will be getting better in the next couple of weeks as we roll out a new technology for sending the trades. For the early onboarders we have done full access to us (myself and Alexe) in a Skype group. A couple guys we talk to nearly everyday as we bounce things we are seeing off of each other and answer questions. We will offer this for a bit longer until we can’t keep up anymore then it won’t be offered.
There will be several more blogs this week so keep an eye out for those.
In the mean time, turn that frown upside down. We will get back those losses and then some.
Talk soon.
OC