The Weekly ROAR: What Looks Good Here?
I try my best to be bullish. That leads me to some interesting places.
Just look at that big guy! He’s decided that no matter what he sees, no matter what he’s experienced, and whatever comes next (a bone, I’m guessing), he is going to be positive. And walk around with a smile on his face, and a firm belief that things will be just great, eventually.
Or, maybe he’s just yawning
As I’ve said going back decades, I am neither a bull nor a bear. Ever. I’m a realist. That means looking at any investment, particularly through the charts, as a constant tug-of-war. There’s money trying to lift the stock price, and other money trying to get out, or outright short it and profit on a price decline. This is, as they said in the animated film “Beauty and the Beast,” a tale as old as time. That’s a father of 3 grown kids talking right there. And they keep me positive always, along with my wife and business partner Dana.
Still I can’t unsee what I see. And what I see is a historically high level of risk. Particularly in certain areas of the stock market and elsewhere. This is like having the game on the line, and your baseball team needs a hit. But the bench is emptied, and the guy whose turn it is at bat is hitting .083. As in, he gets a hit once every 12 at bats, on average. That’s how I think of this market, though more like a .200 hitter, if you get what I mean.
Still, I am increasing seeing some opportunitities emerging, the likes of which I have not seen in some time. Maybe years. And it all relates to what we see in the headlines every day.
But it is where I suspect many are not looking. And I do believe strongly that it is much simpler than many are making it. As I’ve said before, I have not seen everything in this business. But I’ve seen a lot!
So this week, we’re doing 3 things in the Weekly ROAR:
I’ll provide some insights from the ROAR Scores we maintain for thousands of ETFs and stocks every day at ROAR.PiTrade.com, where you will also find my model portfolios. I’ll include a quick update on some of those here too.
I’m going to show you 5 charts that help me size up where we are right now. And where I think the odds are taking us.
I’m going to preview FRESH CHARTS, which is a separate post we’ll reveal here tomorrow. It is a description of, and rationale for, our new addition to our ETFYourself.com subscription service.
*reminder: As of August 15th, our monthly Substack will increase to $25/month and $200/year. Our current price is $15/month or $150/year so if you are looking for more in depth research or want to continue attending live sessions, consider taking advantage of this deal while it lasts. Try us out for a month and cancel at any time. If you’ve been paying monthly and are enjoying what we’re putting out, take advantage of the savings now. Try us for a year and make a small investment in your portfolio building skills.
And away we go (Think happy thoughts, Rob. Happy thoughts!)
I’ll start this week with what I’m seeing in my ongoing persusal of the many tickers…