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Well you gotta be flipping my flapjacks you’re gonna be toasting my bagels what in the world the nasdaq has just jumped 1 000 points 1 000 points from tuesday’s lows alright guys we got a lot to discuss in today’s video i got a lot to show you um we have some very bullish activity obviously going on in the market when you start when you start talking about nasdaq up
A thousand points in a matter of a few trading days here okay we’re going to talk about the good we’re going to talk about the bad we’re going to talk about the ugly i’m gonna share with you what i’m planning on doing at the market giving these changes now which um there’s a lot changing really really rapidly in the market and i’m gonna share kind of my perspectives
On what i’m up to in the market and those sorts of things along with a lot more so yeah i hope you guys enjoy this as always and let’s jump into it so once again nasdaq up a thousand points from tuesday’s lows it has been a pretty darn epic move now do keep in mind we are still down massively for the year it is still you know an awful year even after this thousand
Point move we are still down 12 you know 23 24 year to date so it still is bad let’s just be clear about that all right you look at some of these moves and some of these stocks right since tuesday’s trading day oatly stock one of my favorite stocks and a stock i’ve been buying heavily the past couple months i mean this stock jumped 22 like that and this is what i
Talk about when i talk about some momentum coming into the market and how big a lot of these stocks will move i mean a lot of these stocks that have been hammered right and have sold off 2x 3x as hard as the market has guess what happens as soon as there is any buying momentum in the market these stocks 2x 3x 4x the market as well right you look at a tesla myesta
From for you know all these stocks i’m showing you right now these are all since uh tuesday’s lows it tesla’s up twenty percent since then little tesla right look at nordstrom 32.7 from tuesday that’s insane man this is a retailer this is a retailer making that sort of move right intuit which owns turbo tax quickbooks products like that amazing business model by
The way one of my favorite companies as far as a business model goes this stock just since tuesday’s climbed 18 that’s a big tech company right now look at arcane innovation right over a 15 percent move from those tuesdays lows 15 and a half percent all right so obviously once again when you get any sort of momentum in the nasdaq any sort of momentum in the stock
Market in general ark’s going to fly like whether you like kathy wood whether you like arc invest or not the bottom line is if the market’s getting tore up kathy wood’s ark invest is going to get tore up way worse in the market but if the market’s doing well if the market goes up if let’s say the nasdaq goes up five percent that means arc is going to be up likely
10 15 it’s as simple as that on a week over week basis like that’s just the way this the baby works it’s the you know like i said hate it or love it it is the way it goes but if you think this 15 move is crazy that’s nothing look at this oh my gosh okay tark which once again this is like the 2x etf on arc invest this baby’s made a 35 plus move now in a matter of
Uh two weeks essentially okay that’s absolutely incredible all right oh actually this was actually way less than two weeks i stand corrected okay way less than two weeks it has made a 35 percent move just like that that’s in a matter of a few trading days i i i do have some crazy stuff to show you guys later in this video on a two-week basis it’s going to blow
Your mind including one stock that is up 96 in the past two weeks but nonetheless this is just in the past few trading days tark 35 so i mean ultimately at the end of the day if somebody’s really really bullish short term on the market it makes sense to play tarc it just does if you’re super bullish on the short term like let’s say you’re like i think we’re going
To have a you know rip a rally and you want to do that sort of gamble activity well tar tark is your uh tark is your slot machine that’s all i’ll say about that okay now so you know when you see what’s going on here right and obviously we’ve been talking on the channel about this ripper rally that that’s coming um you know i started talking about this uh i don’t
Know probably four or five days ago or so and the the reason i started talking about that is you started hearing a lot about it and the reason you did is if you look at this right the dow jumped 576 points to snap an eight week losing streak it’s longest since 1923 all right since 1923 and obviously the fall on the 10-year you know help the market as well but when
You start talking about the longest losing streak for the stock market since in 1923 you’re you’re way oversold on the market you are due for a bounce and you’re due for a big bounce and so that’s that’s why i started talking recently about this ripper rally that was coming because and then because i’ve seen how many people are talking about and the reason everybody’s
Talking about is because we’ve just been through like the most vicious market since 1923 eight straight losing weeks you gotta understand even if you’re in a bearish time in the market and even if you’re in a time period where people think economic data is gonna get worse and earnings are gonna get worse and you got inflation or whatever even in those time periods
The stock market does not go down in a straight line it’s not the way this works it’s never been the way this works it never will be the way this works and so when you start talking about you know basically the longest losing streak since 1923 you’re due for a massive bounce regardless of how bearish or bullish and like i said the bears and the bulls almost never
Agree on anything but these folks have even agreed that yeah it looks like there’s going to be a ripper rally coming okay now this is very very important that what you’re looking at right here okay so what you’re looking at right here is a 2007 through 2009 uh crash in the market where the market got devastated for a year and a half straight and we had this massive
Recession we almost lost the entire financial system everybody should know about that but what do you notice when you look at this chart something very very important you should notice here okay and that is the market does not go down in a straight line the fact is even in that unbelievably vicious cycle for a year and a half where unemployment went skyrocketing
And you know the economic news just got worse and worse and companies earnings completely fell apart all that happened in bankruptcies and the real estate started crashing all the bad news right but what you notice is there were several bounces along the way in major bounces you know you had one there you had a huge one here you had a pretty big one there nice
Bounce there nice bounce there and then you finally bought them out in february march of 2009 right and so even in that crash where the nasdaq fell over 50 percent you had five or six different bounces major bounces during that time right and so what this should show you and you know understanding for the market moving forward is regardless of how bearish you
Are in the market regardless of how bad you think the economy is going to get or whatever it is you’re predicting right regardless of all that the market does not go down a straight line and you’re going to have some absolute repair rallies even if you’re on a longer term trend down okay so that’s something very important that everybody needs to understand right
Now this just kind of cracks me up so i read this here today right the consumer appears to have a barbell approach to spending low end necessities and higher end experiences luxury items are doing fine while general merchandise spending is being delayed getting one more year out of that worn down patio furniture is okay says wells fargo senior equity analysts this
Week various retailers started to balance the macro narrative with the demise of the consumer now appearing to be greatly exaggerated first off slow down baby okay slow down here’s the deal everybody that just reported earnings you know that was all january february march numbers but what we consistently have heard about companies from companies is april things
Started to slow much worse and may much worse and that’s been pretty darn consistent for many companies that have given they have been willing to give commentary around that right so i think this next earnings period is going to be far more worrisome and worse for companies than this past earnings period and so if if wall street all of a sudden because we had
You know are having a little green market here wants to act like olson company earnings are going to be great uh they’re mistaken and they’re mistaking big time likely this next quarter’s earnings are going to be worse and i fear i do fear that the following quarter is going to be even worse and more worrisome and at that point there’s nowhere to hide in terms
Of like um because because right now what happened with a lot of these companies earnings is you know some companies missed some numbers and if a company did get give guidance they kind of blamed it on seasonal trends or like oh it’s not enough time to really make a judgment there well guess what this next quarter we’re going to see those april numbers the may
Numbers and the june numbers for all these companies and so when those numbers come out that’s the situation where there’s nowhere to hide you’ve got to just tell the facts you got to tell the truth and then we’ll see how the market reacts just because the market has been green a few days right and we could even be on a ripper rally does not mean all the worries
About earnings and layoffs potential layoffs coming real estate potentially uh going down massively over the summer and things like that everything doesn’t just go away because you have a rip a rally in the market let’s also remember that okay now i saw this today right this is uh pretty big so as biden administration leans toward ten thousand dollar in student
Loan forgiveness ab gets pushed back so first off um you know i i saw that and i thought something i thought a couple things okay first thing i was like well you know once again you know taxpayers would have to pay for this but you know ultimately like that’s a that’s a form of stimulus okay let’s not let’s not act like it’s not a form of stimulus that’s a form of
Stimulus like if you olson don’t have to pay back student loans or much less of an amount that’s basically just kind of doing like stimulus checks out there to the economy for folks that that have student loan debt okay now that’s the first part that’s important the second part is when i read this i was like okay people must be pushing back because uh essentially
They’re like i don’t want to pay for somebody else’s student loans right the taxpayers but no i was sorely mistaken people are pushing back because ten thousand dollars isn’t enough they want them to basically just get rid of all your student loans the whole thing like it’s not good enough just to give ten thousand dollars we want the whole thing just wiped out right
And i’m just like wow like wow like like this is why i can’t do politics like people always ask me like why don’t you get into politics you never say anything about republicans democrats anything like that this is why i can’t do it look at this okay ten thousand dollars in cancellation would be a slap in the face so now if you only give them ten thousand dollars off
You know it’s a slap in the face you know people like myself didn’t didn’t go to university i only went to community college and then i was working on walgreens i was working a quick trip cleaning toilets and stocking fridges and stuff like that because i didn’t want to take out all that debt right and so folks like myself made sacrifices while other people got to
Go to college rack up all that debt have a whole bunch of fun right and ultimately nelson they they’re gonna get you know all their student loans repaid you know and who’s that coming out of that’s the tax barrier at the end of the day and um that that’s another thing that could add more to this inflation pile right and so this is why i can’t do politics man like i
Would get so stressed out doing that crap i think for me i ain’t for me i don’t know how many guys that get into that do that stuff man i j i would just be infuriated all the time okay and just infuriate it now speaking about something infuriated is uh short sellers in dutch bros the last couple weeks look at this in two weeks dutch bro stock is up 50 in two weeks
Oh my gosh oh my gosh is this what i talk about guys like you get a little momentum in the market just a little and some of these stocks just absolutely fly that’s nothing look at this next stock this one takes the cake over all them oh baby upstart you heard about this talk a few weeks ago when they reported earnings stock tanked well in two weeks this stock is
Up almost 97 percent in two flipping flapjacking weeks guys two weeks 97 that’s absolutely insane this is not a call option this is a stock this is a stock price oh my gosh okay that’s absolutely insane and so you know this is what’s very important this is why timing the market is such a dangerous thing in terms of like i’m gonna try to get in out of the market
Because i think we’re gonna go lower and then i’m gonna try to get back in because look at upstart you know that stock gets absolutely devastating you could have been like oh you know it’s at 30 or whatever i think it’s going to 10 and you could have timed out of that right and now you just missed 96 up on on the upside and so if you really believed in that company
For the long term you should have anything been a buyer of the stock and not a seller of the stock right because you understand if you get just a little momentum in the market the moves are insane with these sorts of stocks just as they have gone absolutely devastated on the flip side man you get a little momentum and your stock price doubles in two weeks doubles
It’s a double cheeseburger come on man it’s just absolutely insane now for me personally right there’s a couple things i’m thinking about in the market there’s some moves i want to make and in terms of me starting to cash up let’s say and not being as aggressive as a buyer like what does the nasdaq need to go to for me to take a step back from buying and i’m going
To show you that exact level here in this video on what i would take a step back because obviously i have been full-blown just you know throwing money at the market for months and months and months now right you know just buying everything i possibly can increasing my ownership position and everything i can you know just full like yeah i haven’t been buying at
This pace um ever ever ever i’ve never been buying at this pace i’ve been buying for the last several months ever the closest thing to this would be december of 2018 and that was a time period where i literally ran out of cash because i was just throwing so much at the market right and so that’s been me so as far as me in regards to stocks i’m staying focused
For now and there’s a specific level that i’ll start catching up that i’ll show you in just a moment but as far as my big 10 buys i want to continue to add two and these aren’t the only stocks this other stock set i also want to add too but these are my core 10. it’s the chef it’s oatley it’s honest it’s shopify actually i’m getting really really bullish on shopify
Especially now it’s in the 300s it’s amazon it’s meta it’s planet it’s corsair paypal and avant brands those are what i call jeremy’s big 10. so those are the 10 stocks that i’m looking to just increase ownership more and more and more and more and i don’t know when i’ll stop buying those stocks you know like i said um there’s a specific level i’m going to cash
Out that i’m going to show you in just a moment but you know in terms of like i i mean i could see myself still still buying those stocks even a year from now even if some of those stocks double up in price like let’s say at least double the price at this time next year for instance right i’ll still be buying oatly like there’s no way i’m just gonna like you know
If that stocks eight dollars is still a joke if the chef’s double the price uh a year from now still be buying that stock at 14 so chef is still a joke um you know if amazon uh if amazon doubles in price i’ll probably lay back on that one um if the plan doubles in price i’ll still likely be a buyer that one if corsair is at 28 i’ll still likely be buying that one
Right and so um if avant’s at 40 cents i’ll likely still be buying that one so there’s a lot of these stocks that even if they went on some big runs let’s say i’m still going to be a buyer and if they go lower then i’m just going to continue to increase my ownership position and be able to increase it at obviously a much lower rate since stocks are down right that’s
A good part of being stocks being down for a given time is if you’re a buyer you get to increase your ownership position much more easy than when you’re in a bullish market right now in terms of me you know if we were to go on this massive ripper rally in june which once again no one knows if that’s for sure going to happen but let’s say it happens if we were to
Go to like the 14k level on nasdaq there would be a level that i would probably start cashing up a bit and that doesn’t mean selling stocks let me be very clear about that but that would be a moment where i like cash up a little bit and kind of catch my breath because i’ve been like you know for months now just full go just buying everything in sight so if we went
To 14k in june that would kind of make me say okay i’m going to take a little breather here i’ll cash up a little bit and get ready to deploy because once again all the the worries about the economy about earnings all those sorts of things that hasn’t magically gone away just because the market has started to recover and the nasdaq jumped a thousand points in the
Past few trading days none of that bad news just magically goes away it goes away in the short term and people don’t talk about it as much but it hasn’t really gone away okay so that’s something very very important to remember so hope you guys enjoyed this video as always if you’re looking to join my private discord chat and become a member in there go ahead and
Check out the pinned comment down there and apply to become a member also you get access to private live streams lessons from the six and seven figure investors and access to all the course curriculums and things like that much love and have a great day
Transcribed from video
This is Very Bullish | I’m Buying This Asap By Financial Education
