The Market's Summer of Slack

Analyst Christian DeHaemer urges readers to use the next few weeks to pick up stocks they’ve been wanting to own. The real market will be back in a month or so. Analyst Christian DeHaemer urges readers to use the next few weeks to pick up stocks they’ve been wanting to own. The real market will be back in a month or so. [Energy and Capital logo] The Market's Summer of Slack [Christian DeHaemer Photo] By [Christian DeHaemer]( Written Jul 20, 2021 Looks like we have one of those common, low-volume sell-offs that happens when everyone is at the beach. Here is the QQQ’s, which is the ETF for the top 100 Nasdaq stocks. [QQQ] As you can see, the one-year uptrend is still intact. Volume is about one-third of that of the big sell-offs in September and March, which suggests this isn’t a serious downturn. There are also four red candlesticks and an abandoned baby doji. An abandoned baby is a doji candlestick that looks like a plus sign after a gap down. These are usually followed by a big white candlestick. [Abandoned baby] For the next two or three weeks, we will get some consolidation until the market digests earnings and other dominant vectors. Is This the End of the Bitcoin Boom? Bitcoin could crash soon. And even if you don’t have a single penny in cryptocurrency... YOU are going to feel the impact. The CEO of Kraken, a top crypto exchange, warns a “crackdown” is coming. The government is so afraid of cryptocurrency that some people worry Biden will ban Bitcoin using a shocking “backdoor” approach laid out in the document I want to show you. Investors who understand what’s behind all this stand to multiply their money as much as 60-fold. [Get the details in this urgent briefing.]( Wall of Worry They say the market climbs a wall of worry. One of those concerns is the price of oil. The UAE and Saudi Arabia have seemed to come to terms within the OPEC+ group and will be selling more of their reserves — 400,000 barrels a month more. This news has pushed the price of West Texas Intermediate crude down 6% on Monday to $67 a barrel. People who were long oil with the expectation that it would shoot up as the economy bounced back have to recalibrate their portfolios. I remain long oil as OPEC has a way of missing expectations although I am a little less certain than I was two months ago. The Truth About Tesla Elon Musk Doesn’t Want You to Know Electric vehicles are on the verge of becoming the next trillion-dollar market. But what most investors don’t realize is that there are three major shocks threatening to derail the EV revolution... Including one so big we’re calling it ["Tesla’s Achilles' Heel."]( [Click here now]( and see for yourself what’s got Musk so worried for the future of Tesla. This [special video presentation]( won’t be online for long. Interest Rates In other news, the 10-year Treasury yield has been dropping from 1.73% where it was in March 2021 to 1.20% yesterday. This is odd in that no one predicted it. Inflation and high GDP numbers should push the yield higher. The speculation is that foreigners worried about their own currency coupled with the drop in Bitcoin are spurring buyers of T-bills and pushing down yield. Traditionally, lower yields are good for stocks as they offer people a chance to refinance and corporations the ability to borrow money and buy back shares. Other than that, don’t fret too much. Use the next few weeks to pick up stocks you’ve been wanting to own. The real market will be back in a month or so. All the best, [Christian DeHaemer Signature] Christian DeHaemer [[follow basic]@TheDailyHammer on Twitter]( Since 1995, Christian DeHaemer has specialized in frontier market opportunities. He has traveled extensively and invested in places as varied as Cuba, Mongolia, and Kenya. Chris believes the best way to make money is to get there first with the most. Christian is the founder of [Bull and Bust Report]( and an editor at [Energy and Capital](. For more on Christian, see his editor's [page](. Browse Our Archives [Earth’s Gasoline Dynasty Is Coming to an End]( [Options Action Friday — Tailwinds Align Ahead of Earnings for This Global Brand]( [Investors Missed the First Lithium Boom… Will You Make That Mistake Today?]( [Lifting the U.S. Embargo Against Cuba Will Create Wealth and Prosperity for Both Countries]( [How to Trade the Cuban Crisis]( --------------------------------------------------------------- This email was sent to {EMAIL}. It is not our intention to send email to anyone who doesn't want it. If you're not sure why you've received this e-letter, or no longer wish to receive it, you may [unsubscribe here](, and view our privacy policy and information on how to manage your subscription. 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