7/16 IWM nearing the end of its run?
Earnings Season Kick off, IWM rages, SMH to IWM trade
Index
I. Forward
II. Reflection
III. Markets
IV. Analysis and Commentary
WIZ CHARTS CHAT
Education & Resources Page
Forward
I confess, it’s been a wild couple of days, and before you check out thinking this may be a political post. It won’t. I don’t do politics, but I do pay attention to policy, and you should too because that is what will actually affect your money and the stock market.
I see politics as theater of bullshit, policy as the actual steel framing infrastructure of our financial mechanisms. They are the blueprint designs for our economic engine, and if they can be relatively understood, you can then figure out how cash will flow. You can find areas where excess cash will flow to, you can find areas where it will be drained.
The better you figure out what “parts” of the engine are going to receive more cash and operate more efficiently - the better their stocks will perform.
Everything else in my opinion is for the birds.
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Thank you, deeply and truly, for supporting this stack and this community. We’ve been on a long journey with many great adventures, and I hope this stack has helped you grow not only as a trader, but as a person. That you have found some meaning in life and learned a little more along the way.
If you have learned even just 1 thing from here, I hope you also consider sharing the substack, RTing its posts, and just hitting the like button when you read it, because that allows for our tribe to continue to grow and for more people to get in on the wiz biz :) My goal for the substack this year is to grow it to 2,000 subs, and we currently stand at 1,300 tribe members strong!
Again, thank you! What an incredible honor it is to get to teach and be with you all each day. Here’s to another year of torching the markets!
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Reflection
“The Secret” aka the law of attraction. I fully believe the energy that you put out into the Universe comes back to you. That you are the self-generation of your own fate. Whatever your true desires are, you will be granted them in this life. So it is important to meditate frequently and ensure that who you are, and what you want to be are aligned through self reflection.
I think the book “the Secret” is an interesting one that is worth exploration. To avoid reading the whole book here are most of its main points, that I believe to be mostly true:
Law of Attraction: The book posits that the universe responds to our thoughts and feelings like a cosmic ordering system. It suggests that by focusing on positive or negative thoughts, people can bring positive or negative experiences into their lives.
Visualization Techniques: "The Secret" emphasizes the power of vivid mental imagery. It encourages readers to create detailed mental pictures of their desired outcomes, believing that this practice helps manifest these desires into reality.
Gratitude Practice: The book strongly advocates for daily gratitude exercises. It suggests that feeling thankful for what you already have attracts more positive experiences and abundance.
Quantum Physics Connection: The author attempts to link the law of attraction to principles of quantum physics, suggesting that thoughts have a direct impact on the physical world at a subatomic level.
Historical Context: "The Secret" claims that this knowledge has been understood by a select few throughout history, including successful figures like Einstein, Plato, and others.
Application to Life Areas: The book applies its principles to various aspects of life, including wealth creation, health improvement, and relationship enhancement.
I will say this, I think its important to practice gratitude, and to pay forward the gifts that you receive. Naturally, people are attracted to that and want to be around someone that is upbeat and can stand up to life. The more people that you have around you, the more opportunity is rich and often leads to a lot of people’s success. The main thing we can discern from this is that while it requires you to focus on your inner self’s presentation to the world, it also requires to have the right people around you. Success will find you if you are truly open to receiving it and saying yes to opportunity.
Markets
Welcome to the kick off of another earnings season and it couldn’t be stranger. With a potential squeeze on IWM, while Bitcoin runs, yet treasuries stay still, mechanisms are all over the place.
From what I’m seeing it is definitely apparent IWM is in a pair trade unwind right now.