Navigating the Markets for Beginner Traders and Investors
“No price is too low for a bear or too high for a bull”
- Unknown
Welcome to the Slow Money (Bi)Weekly newsletter
-formerly Market Adventures | Beginner’s Digest
Here’s what’s coming up this week to pay attention to:
Mon -
09:20 AM Fed Bowman Speech
Tues -
08:30 AM
Core Inflation Rate MoM
Core Inflation Rate YoY
Inflation Rate MoM
Inflation Rate YoY
Wed -
08:30 AM
PPI MoM
Core PPI MoM Final
PPI Ex Food, Energy and Trade MoM Final
09:30 Am Fed Goolsbee Speech
04:00 PM Fed Barr Speech
07:00 PM Fed Bostic Speech
Thurs -
3:00 AM ECB President Lagarde Speech
08:30 AM Retail Sales MoM
8:30 AM
NY Empire State Manufacturing
Philadelphia Fed Manufacturing Index
Retail Sales Ex Autos MoM
01:15 PM Fed Waller Speech
Fri -
08:30 AM PPI MoM
10:00 AM Michigan Consumer Sentiment Prel
12:10 PM Fed Daly 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
March cut almost completely priced out. A lot of data this week. Will data support shift in sentiment?
What do you think happens next?
HUGE EARNINGS WEEK
A Technical Look
The Broader Market | S&P 500
A LOT of data this week. Like, a crap ton. So, be nimble.
Still trading currencies this week. USD acted very predictably, which I was able to take advantage off. My goal is to include forex ideas into this publication, I just don’t know how yet.
In the meantime, despite the USD strength. Stock market keeps chugging along, hence why my “summary” hasn’t changed in a few weeks.
A Summary of the charts below:
Still bullish. That’s it 🤷🏾♂️. Not getting on this bus. I’ll be waiting for a stop light.
This is a 3 year Weekly chart of the S&P 500 index (SPY)
MACD - Strong green
RSI - Overbought
Price levels - Over 500. Golly!
This is a 1 year Daily chart of the S&P 500 index (SPY)
MACD - Strong
RSI - Overbought
*overbought doesn’t mean it has to come down.
This is a 1 year Daily chart of the Dollar index ($DXY)
Breakout of range met with selling back below 104 into 103 range. Price below 5 day average with MAs looking to cross down.
Middle band (dark green) near-term support if price to attempt another breakout.
MACD - Weakening histograms. Above zero line, no cross
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: $66.88 (down 1.4% since feature)
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.”