Ivanhoff Capital

MarketSurge powers the charts in this video.

SPY is at all-time highs and yet there are more stocks hitting new 52-week lows than 52-week highs? Historically, this has led to a pullback in the next few weeks. This doesn’t mean that it will happen again but it is something to consider when taking on new positions. Maybe risking less and being more selective is the way to go.

There are still decent setups that lead to quick 1-3-day moves but volatility has picked up and we are seeing more reversals.

One of the groups that stood out last week was social media. META broke above 480 and it is now consolidating. PINS followed through to new all-time highs. SNAP also bounced on Friday.

Semiconductors had a big breakout. A few that have set up for a potential move higher include LRCX, AMAT, AMD, etc.

Crypto-related stocks and ETFs had a strong week up until Friday when most sold on heavy volume. It seems interest rates impact crypto too. We saw a big bounce in rates after a much hotter-than-expected jobs number on Friday.

In the meantime, the US Dollar also had a big rally which put pressure on most commodities.

I recently published a few children’s books. Check them out if you have kids or friends who have kids: Investing for babies, Trading for babies, Meditation for babies. You can find my other trading books on Amazon here.

Try my subscription service which includes a private X feed with option and stock ideas, emails with concise market commentary, real-time market education, the Momentum 40 list of market leaders, and much more. See what subscribers say about my educational service.

Check out my free weekly email to get an idea of the content I share with members. How my ideas/alerts did.

I published a new trading book recently (2023). Check it out on Amazon.

Disclaimer: Everything I share is for educational and informational purposes only and it should not be considered financial advice. Read my full disclaimer here.

You know the saying: if you can’t explain a subject to a five-year-old, you don’t understand it well enough. This is exactly what I aimed for in my new books. This time, I tried something new. I created children’s books in areas where I have expertise: trading, investing, and meditation. Although my son is still too young for those books (a little over three months old), one day I will read them to him. If you have kids between the ages of two and fourteen or know friends who have the same, these books would be an excellent and entertaining introduction to the fields of trading, investing, and meditation.

Investing for Babies

Einstein said “Compound interest is the eighth wonder of the world. He who understands it, earns it. He who does not, pays it,”. The language of money is an essential skill everyone can learn. Help your kid have a headstart and inspire them about the possibilities of investing while reading this book together. Some adults might learn a thing or two too. It is never too early or too late to learn the language of markets.

Trading for Babies

If you learn how to trade stocks profitably, you might never have to work a day in your life. It all starts with the basics. Help your kid learn and understand the foundation of successful trading by exploring this book together. Give them a huge advantage in life. If they understand how to trade successfully, they will have the freedom to choose any profession in the world because they can always supplement their income with trading. You can too. It’s never too late to start.

Meditation for Babies

One of the most important life skills is the ability to calm your mind before, during, and after a stressful situation. Learning the basics of meditation from a young age can give your kids that essential skill and prepare them for life. Read this book together and help them become the best version of themselves.

MarketSurge powers the charts in this video.

The S&P 500 had a mid-week pullback but managed to recover in the last 20 minutes of the week. Small caps, Russel 2k, outperformed on Friday, which is what we are supposed to see when interest rates are pulling back. Can they follow through next week? 208-210 seems like a major resistance and potential pivotal area for IWM. A lot will depend on interest rates. Small caps, biotech, homebuilders, and financials have been highly negatively correlation to interest rates lately. 

In the meantime, sector rotations continue with full force. While tech, software in particular, was hit hard last week, retailers and energy bounced. Consumer staples and utilities also saw an inflow. The frequent rotations in the market don’t mean that we should become complacent and just buy any dip because all dips eventually get bought in a bull market. Even in a bull market, a correction in individual stock can be deeper and continue longer than most expect. The market is designed to fool the majority.

We remain in a market of stocks environment. This time the opportunities are not only in a small number of tech stocks but more spread out in various sectors – a stock pickers market for nimble traders.

Here are links to the books mentioned in the video:

Investing for babies

Trading for babies

Meditation for babies

Try my subscription service which includes a private Twitter feed with option and stock ideas, emails with concise market commentary, real-time market education, the Momentum 40 list of market leaders, and much more. See what subscribers say about my educational service.

Check out my free weekly email to get an idea of the content I share with members. How my ideas/alerts did.

I published a new trading book recently (2023). Check it out on Amazon.

Disclaimer: Everything I share is for educational and informational purposes only and it should not be considered financial advice. Read my full disclaimer here.