will the market keep melting higher?

Happy Monday, everyone. For the last few weeks, you’ve heard me talk about how bullish I am when the market cracks all time highs… It took about 10 days to get going, but last week ripped nearly 3% higher on the S&P and hopefully you all took advantage (I know I did!). But you may be wondering “What’s next?”... After all, you’ve heard me call this a “meltup” or a “sugar high” in recent weeks which means the market has to essentially crash back down, right? Well, not so fast… While I do think this is all smoke and mirrors – there is no logical economic reason for the stock market to be where it is other than liquidity (aka lots of printed dollars), that doesn’t mean it has to start making sense on any given timeline. Let me take you through some bullish “meltups” over the last decade… Here’s the S&P after Covid in 2020…   The stock market had no business rushing back to highs like this. I think just about everyone considered this a smoke and mirrors run (including me) and it definitely didn’t make any sense. But what happened next?   Oh. My. Goodness. Sometimes I still forget how amazing that run was even though it was just 4 years ago. One of the most dramatic runs in stock market history after it seemed already overheated and the economy made no sense. Now, a lot of people remember the Covid craze, but do you remember just one year earlier?   In 2019, the stock market got what most people considered “a much needed correction” but then raced back up to the highs just like our last example. And, again, I think most investors assumed that was way too aggressive of a comeback and due for a deeper correction. But nope:   Then there’s 2016…   The market had been stuck sideways for nearly 2 years… We were used to a slower pace so when it shot straight up like this, I think everyone said those words again “It’s overbought!” Little did they know, it was just getting warmed up:   And then what about the great crisis in 2008? We saw the market correct dramatically and finally start to pull up again in 2010. If you remember, at the time, everyone was saying it was already due for a big correction again. Lots of talking heads said we still needed to flush more cash out of the economy and so on when it finally reached new highs here:   What happened next?   And we could even talk about before 2008 when people like Dr Micahl Burry realized the market was broken in 2006… Yet it “melted up” for 2 full years before the financial crisis actually hit. So what’s my point? Well, my point is not that we’re going to see another 2-3 years of straight up markets like many of these examples. But you should realize it’s possible. Just because the economy and market don’t make sense, doesn’t mean it has to correct on our timeline. We’ve seen this go on for years. That’s why I am remaining extremely bullish until we actually see the momentum shift the other direction.  It’s why I gave you that line in the sand two weeks ago that hopefully guided you to trading long only since then. And it’s why I am still bullish today, even if the market feels overheated. Tomorrow, I’ll share a more detailed outlook of this “meltup” and what I expect – plus a few stocks I like to outperform along the way. Be sure to join me @ 3pm et for the live market melt up session! See you there, Nate

Happy Monday, everyone.   For the last few weeks, you’ve heard me talk about how bullish I am when the market cracks all time highs…   It took about 10 days to get going, but last week ripped nearly 3% higher on the S&P and hopefully you all took advantage (I know I did!).   But you may be wondering “What’s next?”...   After all, you’ve heard me call this a “meltup” or a “sugar high” in recent weeks which means the market has to essentially crash back down, right?   Well, not so fast…   While I do think this is all smoke and mirrors – there is no logical economic reason for the stock market to be where it is other than liquidity (aka lots of printed dollars), that doesn’t mean it has to start making sense on any given timeline.   Let me take you through some bullish “meltups” over the last decade…   Here’s the S&P after Covid in 2020…   The stock market had no business rushing back to highs like this. I think just about everyone considered this a smoke and mirrors run (including me) and it definitely didn’t make any sense.   But what happened next?   Oh. My. Goodness.   Sometimes I still forget how amazing that run was even though it was just 4 years ago.   One of the most dramatic runs in stock market history after it seemed already overheated and the economy made no sense.   Now, a lot of people remember the Covid craze, but do you remember just one year earlier?   In 2019, the stock market got what most people considered “a much needed correction” but then raced back up to the highs just like our last example.   And, again, I think most investors assumed that was way too aggressive of a comeback and due for a deeper correction.   But nope:   Then there’s 2016…   The market had been stuck sideways for nearly 2 years…   We were used to a slower pace so when it shot straight up like this, I think everyone said those words again “It’s overbought!”   Little did they know, it was just getting warmed up:   And then what about the great crisis in 2008?   We saw the market correct dramatically and finally start to pull up again in 2010.   If you remember, at the time, everyone was saying it was already due for a big correction again.   Lots of talking heads said we still needed to flush more cash out of the economy and so on when it finally reached new highs here:   What happened next?   And we could even talk about before 2008 when people like Dr Micahl Burry realized the market was broken in 2006…   Yet it “melted up” for 2 full years before the financial crisis actually hit.   So what’s my point?   Well, my point is not that we’re going to see another 2-3 years of straight up markets like many of these examples.   But you should realize it’s possible.   Just because the economy and market don’t make sense, doesn’t mean it has to correct on our timeline. We’ve seen this go on for years.   That’s why I am remaining extremely bullish until we actually see the momentum shift the other direction.    It’s why I gave you that line in the sand two weeks ago that hopefully guided you to trading long only since then.   And it’s why I am still bullish today, even if the market feels overheated.   Tomorrow, I’ll share a more detailed outlook of this “meltup” and what I expect – plus a few stocks I like to outperform along the way.   Be sure to join me @ 3pm et for the live market melt up session!   See you there, Nate

ABOUT US:  We believe that the opportunity for financial literacy and freedom belongs to all people, not just those who already have years of investing experience. Jeffry Turnmire Trading provides an array of educational services and products that will help you navigate the markets and become a better investor. Trading is made simple through our online forum full of trading techniques to give you the best tools to kick-start your investing journey. We offer collaborative webinars and training; we love to teach. No matter the opportunity, we bring together a strong community of like-minded traders to focus on analyzing market news as it’s presented each day. DISCLAIMER: FOR INFORMATION PURPOSES ONLY. The materials presented from Jeffry Turnmire Trading are for your informational purposes only. Neither Jeffry Turnmire Trading nor its employees offer investment, legal or tax advice of any kind, and the analysis displayed with various tools does not constitute investment, legal or tax advice and should not be interpreted as such. Using the data and analysis contained in the materials for reasons other than the informational purposes intended is at the user’s own risk. DISCLAIMER: TRADE AT YOUR OWN RISK; TRADING INVOLVES RISK OF LOSS; SEEK PROFESSIONAL ADVICE. Jeffry Turnmire Trading is not responsible for any losses that may occur from transactions effected based upon information or analysis contained in the presented. To the extent that you make use of the concepts with the presentation material, you are solely responsible for the applicable trading or investment decision. Trading activity, including options transactions, can involve the risk of loss, so use caution when entering any option transaction. You trade at your own risk, and it is recommended you consult with a financial advisor for investment, legal or tax advice relating to options transactions.  Please visit https://prosperitypub.com/terms-conditions/ for our full Terms and Conditions. Unsubscribe This email was sent to phanxuanhoa60.trade1357@blogger.com by Prosperity Pub 101 Marketside Ave, Suite 404 PMB 318, Ponte Vedra, Florida 32081, United States Prosperity Pub

ABOUT US:  We believe that the opportunity for financial literacy and freedom belongs to all people, not just those who already have years of investing experience. Jeffry Turnmire Trading provides an array of educational services and products that will help you navigate the markets and become a better investor. Trading is made simple through our online forum full of trading techniques to give you the best tools to kick-start your investing journey. We offer collaborative webinars and training; we love to teach. No matter the opportunity, we bring together a strong community of like-minded traders to focus on analyzing market news as it’s presented each day. DISCLAIMER: FOR INFORMATION PURPOSES ONLY. The materials presented from Jeffry Turnmire Trading are for your informational purposes only. Neither Jeffry Turnmire Trading nor its employees offer investment, legal or tax advice of any kind, and the analysis displayed with various tools does not constitute investment, legal or tax advice and should not be interpreted as such. Using the data and analysis contained in the materials for reasons other than the informational purposes intended is at the user’s own risk. DISCLAIMER: TRADE AT YOUR OWN RISK; TRADING INVOLVES RISK OF LOSS; SEEK PROFESSIONAL ADVICE. Jeffry Turnmire Trading is not responsible for any losses that may occur from transactions effected based upon information or analysis contained in the presented. To the extent that you make use of the concepts with the presentation material, you are solely responsible for the applicable trading or investment decision. Trading activity, including options transactions, can involve the risk of loss, so use caution when entering any option transaction. You trade at your own risk, and it is recommended you consult with a financial advisor for investment, legal or tax advice relating to options transactions.  Please visit https://prosperitypub.com/terms-conditions/ for our full Terms and Conditions. Unsubscribe This email was sent to phanxuanhoa60.trade1357@blogger.com by Prosperity Pub 101 Marketside Ave, Suite 404 PMB 318, Ponte Vedra, Florida 32081, United States Prosperity Pub