Tuesday, December 19, 2023

Ignoring History

Ignoring History

Corona Del Mar, CA

 

Howdy Chris!

The rally from October 26th seems to be hitting escape velocity.

 

After a quick glance over at Twitter, the theme seems to be "over-bought RSI" on the charts.

 

Since 1928, a rally of this velocity has pointed to even higher prices over the next year.

 

Take a look:

There's only 51 examples, but I can confidently say that these market "technicians" are ignoring history.

 

I think they'd definitely think twice about shorting this market if they saw the above chart.

 

The Smart Money isn't betting against stocks, but it has switched into bonds.

 

The biggest gains actually came from bonds. So much for boring.

Our shorter-term swing trading strategies have been killing it.

 

Here's the performance of the new Josh 2023 Meta strategy:

Cha-ching!

 

This Meta strategy is included with your 30-day trial to Portfolio Boss Platinum.

 

All you have to do is follow the signals. No rocket science degree required.

 

Start your trial today, you're missing out on what could be an explosive 2024!

 

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Trade smart,

 

Dan "Prince of Proof" Murphy

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Portfolio Boss, Inc.

260 Newport Center Dr, Suite 100 Newport Beach, CA 92660

 

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