Navigating the Markets for Beginner Traders and Investors
“If you don’t follow the stock market, you are missing some amazing drama”
- Mark Cuban
Welcome to the Slow Money (Bi)Weekly newsletter
-formerly Market Adventures | Beginner’s Digest
Thoughts? 👇🏾
Here’s what’s coming up this week to pay attention to:
Mon -
10:00 AM ISM Services PMI
02:00 PM Fed Bostic Speech
Tues -
12:00 PM Fed Mester Speech
Wed -
11:00 AM Fed Kugler Speech
12:30 PM Fed Barkin Speech
Thurs -
12:05 PM Fed Barkin Speech
What are your thoughts on the market right now?
Below you’ll find market information, education, and opinions. If you bought the stock market 101 course, this is where you put that information to work. Must read disclaimer at the end of this publication.
FedWatch Tool
As you can see, a cut at the March meeting was being increasingly priced out until the end of last week. This shift back to pricing in a March and possible May cut as well coincided with a push to all-time highs on Friday. Keep an eye on this to get an idea of what big money is thinking.
What do you think happens next?
HUGE EARNINGS WEEK
A Technical Look
The Broader Market | S&P 500
I shot myself in the foot last week being undisciplined in my trading. Will be trading forex this week but not equities.
A Summary of the charts below:
Still bullish. That’s it 🤷🏾♂️
There’s definitely money positioned to the downside, but not enough to stop this rally. Not yet.
This is a 3 year Weekly chart of the S&P 500 index (SPY)
MACD - Strong green
RSI - RSI pushing overbought conditions
Price levels - purple line, previous all-time high is now out support if there’s a drop
This is a 1 year Daily chart of the S&P 500 index (SPY)
MACD - Turning back up. Histos still weak.
RSI - lower highs, same negative divergence. Back toward overbought territory.
*overbought doesn’t mean it has to come down.
This is a 1 year Daily chart of the Dollar index ($DXY)
Still appears rangebound, between 101 and 103. At the high of the range with a strong bullish candle off a 21-day moving average
MACD - Weakening histograms, though still trending up. Now above zero line
RSI - Above 50 line which is bullish
FIND A WAY TO
PUT YOUR MONEY TO WORK
Long-Term Holdings
This Month’s Long-term Stock Pick
Block Inc SQ 0.00%↑ Current Price: $67.88
This is in line with philosophy that you should own what you use. Cashapp is an awesome app, in my opinion. So many businesses use Square, particularly smaller businesses.
My personal connection comes whenever I deal with young students/athletes in my line of work. They all have cashapp and do a lot of their smaller transactions on there. Their parents send them money directly to their cashapps for whatever they need. Food trucks, something my family likes to do whenever we get a chance, all take cashapp as well as our hair stylists.
I have a small portfolio of stocks on there as well. Super easy to buy and sell. Dividend push notifications are my favorite!
Anyways, not that I’ve sold you here, I enjoy the app and see a deep value in a finance app that appeals to younger consumers and small businesses.
BUSINESS SUMMARY (source: TdAmeritrade)
Block, Inc. is focused on creating ecosystems for distinct customer audiences. The Company operates through two segments: Square and Cash App. The Square segment enables businesses (sellers) to accept card payments, which provides products and services to help its sellers start, run, and grow their businesses. It combines software, hardware, and financial services to create products and services that are self-serve. The Cash App segment provides an ecosystem of financial products and services to help consumers manage their money. It provides an ecosystem of financial services focused on helping consumers make their money go further by storing, sending, receiving, spending, or investing their money with Cash App. The Company's TIDAL is a global platform for musicians and their fans that uses content, experiences, and features to bring fans closer to artists. Its bitcoin ecosystem includes Spiral, an independent team focused on contributing to bitcoin's open-source work
Where My Money Is
My Current Swing Trade Positions: None
My Current Long-Term Holdings: MMM 0.00%↑ WBA 0.00%↑ PFE 0.00%↑ T 0.00%↑ KO 0.00%↑ O 0.00%↑ SBUX 0.00%↑ SQ 0.00%↑ AAPL 0.00%↑
My Son’s Long-Term Holdings: DIS 0.00%↑ RBLX 0.00%↑ O 0.00%↑ PFE 0.00%↑
My Daughter’s Long-Term Holdings: DIS 0.00%↑ SNAP 0.00%↑ AGNC 0.00%↑ PFE 0.00%↑
Disclaimer. Must Read.
Please read 👇
“This newsletter and all related Market Adventures content is not investing advice. Everything you are about to read is merely the opinion of the writer. Please seek the counsel of a financial advisor prior to making any investment decisions. Though the stock market does present many opportunities to make money, there are an infinite number of ways to lose all or more than your original investment. That being said. Don’t invest or trade in any security mentioned in this publication or its related content.”