The Next Leg Down

[] The S&P 500 is under pressure again despite a “Bull Trap” that caught a lot of investors who weren’t paying proper attention on Tuesday. I argue that another leg down is coming soon. [View in browser]( . The S&P 500 is under pressure again despite a “Bull Trap” that caught a lot of investors who weren’t paying proper attention on Tuesday. I argue that another leg down is coming soon. [View in browser]( . . [] [Havens Investment Letter] [] [Havens Investment Letter] [] [] [] Urgent: Millionaire Trader opens private texting group Legendary stock-picker Rob Booker has done it again. This time, he’s destroying the newsletter industry for good. How? By giving out his private phone number to give you the hottest stock opportunities the moment he discovers them. [It all starts by getting his private phone number here.]( [] --------------------------------------------------------------- [] Urgent: Millionaire Trader opens private texting group Legendary stock-picker Rob Booker has done it again. This time, he’s destroying the newsletter industry for good. How? By giving out his private phone number to give you the hottest stock opportunities the moment he discovers them. [It all starts by getting his private phone number here.]( [] --------------------------------------------------------------- [] [] The Next Leg Down [Garrett Picture] Dear Investor, Did you fall for the market’s latest “bull trap” on Tuesday? Last week, I explained that institutions have been selling into short-term rallies. They’re trying to ditch positions in overpriced tech stocks and communications companies - without tanking their positions. This morning, the markets appeared to cheer that the Consumer Price Index (CPI) wasn’t as bad as some had expected. Really? Yep. Market pundits said that investors were okay with the 1.2% month-over-month figure. They said that is why the market rallied in the first 30 minutes of the day. They said that the markets were happy that the number wasn’t worse. I don’t know what these people put in their morning coffee - but it’s not rational. The 1.2% projection wasn’t even on my radar until last Friday. Kalshi - a prediction market that allows investors and traders to bet binary options on outcomes had just a 46% probability that the month-over-month increase of OVER 1.1% would happen. So - that’s just not accurate. And it once again highlights a lot of the comical rhetoric that comes from our financial media AND their inability to understand momentum in the market. Let me show you the market’s next move. It’s All About Channels Once again, I highlight momentum in the market and channels in an index. Over the last few months, there has been a lot of chop and uncertainty linked to the 15 different geopolitical and economic risks that impact this market (yes, 15). When market momentum is positive, it creates a stair-step pattern upward. It typically shows a short-term rally, profit-taking, and another leg higher. When momentum is negative - confirmed in the afternoon of April 5 - it starts to make a stair-step pattern down. This selloff consists of short bursts of selling, some short covering, and then aggressive selling once again as institutions capture higher prices. Meanwhile, a downward channel begins to form - and exhibits one-directional movement over a weekly to a bi-monthly pattern. [SPY]( We see lower highs and lower lows as the markets continue to drop. We want to see stocks break out of this pattern before they can make their next leg higher. To break this pattern, we need to know a lot of capital comes off the sidelines, and volumes pick up. The last time we saw this pattern snap happened after the Fed’s March meeting. We heard Fed Chair Jerome Powell confirm the central bank’s plans on interest rates and suggest that we would not see a recession shortly. Capital came right in after that statement. It also transpired at the end of January when we saw significant executive insider buying. Then, after what appears to have been the strongest level of insider buying since April 2020, investors came pouring off the sidelines in early February. There appears to be just one catalyst right now that can break the pattern: Earnings. And we’re starting coverage tomorrow morning when the most important bank in the United States - JPMorgan Chase (JPM), kicks off earnings season. What to Watch This is going to be a very important earnings season. Everyone says that it will be the most important “insert whatever you’d like” ever. However, with so many negative factors in the market, it will be essential to hear what else Jamie Dimon has to say about the various threats to this market. We have: - Recessionary concerns - A Fed that isn’t providing stimulus anymore - Nine interest rate hikes are coming in 2022 - 40-year highs in inflation - stagflation - Significant supply chain problems - The tapering of the Fed’s $9 trillion balance sheet - Oil prices back above $100, with a possible upside of $140 - Natural gas prices are at 14-year highs - A massive shortage in agricultural inputs - An emerging market crisis and sovereign debt problems in places like Sri Lanka - Potential war crimes in Ukraine and a war that likely won’t end soon - An inverted yield curve - Europe’s ongoing energy crisis - Weakness in China’s economic growth - The 10-year bond approaching 3% with cores of stocks STILL trading at nosebleed valuations - AND MORE! As I say, cash is your friend right now. When momentum turns positive again, I’ll report back. Regards, [Garrett Sig] Garrett {NAME} Chief Analyst, American Markets [] --------------------------------------------------------------- [] [] The Next Leg Down [Garrett Picture] Dear Investor, Did you fall for the market’s latest “bull trap” on Tuesday? Last week, I explained that institutions have been selling into short-term rallies. They’re trying to ditch positions in overpriced tech stocks and communications companies - without tanking their positions. This morning, the markets appeared to cheer that the Consumer Price Index (CPI) wasn’t as bad as some had expected. Really? Yep. Market pundits said that investors were okay with the 1.2% month-over-month figure. They said that is why the market rallied in the first 30 minutes of the day. They said that the markets were happy that the number wasn’t worse. I don’t know what these people put in their morning coffee - but it’s not rational. The 1.2% projection wasn’t even on my radar until last Friday. Kalshi - a prediction market that allows investors and traders to bet binary options on outcomes had just a 46% probability that the month-over-month increase of OVER 1.1% would happen. So - that’s just not accurate. And it once again highlights a lot of the comical rhetoric that comes from our financial media AND their inability to understand momentum in the market. Let me show you the market’s next move. It’s All About Channels Once again, I highlight momentum in the market and channels in an index. Over the last few months, there has been a lot of chop and uncertainty linked to the 15 different geopolitical and economic risks that impact this market (yes, 15). When market momentum is positive, it creates a stair-step pattern upward. It typically shows a short-term rally, profit-taking, and another leg higher. When momentum is negative - confirmed in the afternoon of April 5 - it starts to make a stair-step pattern down. This selloff consists of short bursts of selling, some short covering, and then aggressive selling once again as institutions capture higher prices. Meanwhile, a downward channel begins to form - and exhibits one-directional movement over a weekly to a bi-monthly pattern. [SPY]( We see lower highs and lower lows as the markets continue to drop. We want to see stocks break out of this pattern before they can make their next leg higher. To break this pattern, we need to know a lot of capital comes off the sidelines, and volumes pick up. The last time we saw this pattern snap happened after the Fed’s March meeting. We heard Fed Chair Jerome Powell confirm the central bank’s plans on interest rates and suggest that we would not see a recession shortly. Capital came right in after that statement. It also transpired at the end of January when we saw significant executive insider buying. Then, after what appears to have been the strongest level of insider buying since April 2020, investors came pouring off the sidelines in early February. There appears to be just one catalyst right now that can break the pattern: Earnings. And we’re starting coverage tomorrow morning when the most important bank in the United States - JPMorgan Chase (JPM), kicks off earnings season. What to Watch This is going to be a very important earnings season. Everyone says that it will be the most important “insert whatever you’d like” ever. However, with so many negative factors in the market, it will be essential to hear what else Jamie Dimon has to say about the various threats to this market. We have: - Recessionary concerns - A Fed that isn’t providing stimulus anymore - Nine interest rate hikes are coming in 2022 - 40-year highs in inflation - stagflation - Significant supply chain problems - The tapering of the Fed’s $9 trillion balance sheet - Oil prices back above $100, with a possible upside of $140 - Natural gas prices are at 14-year highs - A massive shortage in agricultural inputs - An emerging market crisis and sovereign debt problems in places like Sri Lanka - Potential war crimes in Ukraine and a war that likely won’t end soon - An inverted yield curve - Europe’s ongoing energy crisis - Weakness in China’s economic growth - The 10-year bond approaching 3% with cores of stocks STILL trading at nosebleed valuations - AND MORE! As I say, cash is your friend right now. When momentum turns positive again, I’ll report back. Regards, [Garrett Sig] Garrett {NAME} Chief Analyst, American Markets --------------------------------------------------------------- [] 20-year Trading Legend Reveals His Daily "Hot List" Of Stocks... [rob booker]( [CLICK HERE TO GET THE LIST!]( --------------------------------------------------------------- [] [] 20-year Trading Legend Reveals His Daily "Hot List" Of Stocks... [rob booker]( [CLICK HERE TO GET THE LIST!]( --------------------------------------------------------------- [] [] [] Urgent: Millionaire Trader Opens Private Texting Group Trading Legend Rob Booker has done it again. The 20-year veteran millionaire who navigated both bull and bear markets, is now turning the newsletter industry on its head... Giving the mainstream investors something that was previously off limits to them. You see, the ordinary investor is faced with two tough choices... They could spend years trying to figure things out like Rob did (Who really has the time for that)... Or they can get a financial newsletter to give them picks about once a month and hope things work out. Neither of those choices are very appealing. Which is why Rob has found a better way. He’s allowing anyone to get his real time stock ideas in while he analyzes the markets each day. These aren’t ideas he came up with out of thin air... These are his best trading opportunities that he trades alongside his followers. Once you’re on his contact list, all you need is a few minutes to act whenever he sends out a recommendation. The best part? He’s available to contact directly with any questions. Which is virtually unheard of in the newsletter industry these days. To join him, all you need to do is to take his phone number down. If you’re looking for a way to keep up with the market changes quickly, you need to check this out. Rob’s prepared a presentation explaining how it all works. [Access it here.]( --------------------------------------------------------------- [] [] [] Urgent: Millionaire Trader Opens Private Texting Group Trading Legend Rob Booker has done it again. The 20-year veteran millionaire who navigated both bull and bear markets, is now turning the newsletter industry on its head... Giving the mainstream investors something that was previously off limits to them. You see, the ordinary investor is faced with two tough choices... They could spend years trying to figure things out like Rob did (Who really has the time for that)... Or they can get a financial newsletter to give them picks about once a month and hope things work out. Neither of those choices are very appealing. Which is why Rob has found a better way. He’s allowing anyone to get his real time stock ideas in while he analyzes the markets each day. These aren’t ideas he came up with out of thin air... These are his best trading opportunities that he trades alongside his followers. Once you’re on his contact list, all you need is a few minutes to act whenever he sends out a recommendation. The best part? He’s available to contact directly with any questions. Which is virtually unheard of in the newsletter industry these days. To join him, all you need to do is to take his phone number down. If you’re looking for a way to keep up with the market changes quickly, you need to check this out. Rob’s prepared a presentation explaining how it all works. [Access it here.]( --------------------------------------------------------------- [] [] Article Recap - [The Next Leg Down](#i572731) - [Urgent: Millionaire Trader Opens Private Texting Group](#156384) --------------------------------------------------------------- [] Article Recap - [The Next Leg Down](#i572731) - [Urgent: Millionaire Trader Opens Private Texting Group](#156384) --------------------------------------------------------------- [] © 2022 Godesburg Financial Publishing, Inc. 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Please be aware that the claims regarding investing or trading results of non-employees are not tracked by GFP nor can they be verified. As always, past performance is not necessarily indicative of future results. Therefore, results presented in this email should NOT be considered TYPICAL. Actual results can and will vary based on everything from experience, ability, risk mitigation practices, and market volatility... to the amount of money exposed in the investment or trade. Investing and trading are speculative and carry serious risk. You may lose some, all - or possibly more - than your original investment or trade. GODESBURG FINANCIAL PUBLISHING IS NOT AN INVESTMENT ADVISOR OR REGISTERED BROKER: GFP, including its owners and employees, are NOT registered as securities broker-dealers, brokers, or any sort of registered investment advisors with the U.S. Securities and Exchange Commission, any state securities regulatory authorities, or any self-regulatory organizations. GODESBURG FINANCIAL PUBLISHING EMPLOYEES MAY HOLD SECURITIES DISCUSSED: If a writer holds any securities in a communication, it will be disclosed along with the information on the potential investment or trade. HIR, its owners or employees, have not been - or ever will be - paid by the issuer of a security mentioned in our services or communications. GFP, its owners and employees are paid entirely or in part from commissions based on sales of their services to subscribers. For more information, please visit [our disclaimer page here.]( Sent to: {EMAIL} [Unsubscribe]( Godesburg Financial Publishing Inc., 251 Little Falls Drive, Wilmington, DE 19808, United States [] © 2022 Godesburg Financial Publishing, Inc. DISCLAIMER: COMMUNICATIONS FROM GODESBURG FINANCIAL PUBLISHING (GFP) ARE FOR EDUCATIONAL AND INFORMATIONAL PURPOSES ONLY – NOT INVESTMENT ADVICE: GFP and all the services it offers are for educational and informational purposes only and should NOT be understood to be securities-related offers or solicitations. None of GFP’s communications should be considered or used as personalized investment advice. GFP recommends that you speak with a licensed professional before making any investment decision. RESULTS PRESENTED ARE NOT NECCESSARILY TYPICAL OR VERIFIED: GFP communications may include information regarding the historical trading performance of gurus in their services (all verified by a third party), as well as testimonials of non-employees depicting profitable investments and trades that are believed to be true based on the representations of the persons providing the testimonial of their own free will. Please be aware that the claims regarding investing or trading results of non-employees are not tracked by GFP nor can they be verified. As always, past performance is not necessarily indicative of future results. Therefore, results presented in this email should NOT be considered TYPICAL. Actual results can and will vary based on everything from experience, ability, risk mitigation practices, and market volatility... to the amount of money exposed in the investment or trade. Investing and trading are speculative and carry serious risk. You may lose some, all - or possibly more - than your original investment or trade. GODESBURG FINANCIAL PUBLISHING IS NOT AN INVESTMENT ADVISOR OR REGISTERED BROKER: GFP, including its owners and employees, are NOT registered as securities broker-dealers, brokers, or any sort of registered investment advisors with the U.S. Securities and Exchange Commission, any state securities regulatory authorities, or any self-regulatory organizations. GODESBURG FINANCIAL PUBLISHING EMPLOYEES MAY HOLD SECURITIES DISCUSSED: If a writer holds any securities in a communication, it will be disclosed along with the information on the potential investment or trade. HIR, its owners or employees, have not been - or ever will be - paid by the issuer of a security mentioned in our services or communications. GFP, its owners and employees are paid entirely or in part from commissions based on sales of their services to subscribers. For more information, please visit [our disclaimer page here.]( Sent to: {EMAIL} [Unsubscribe]( Godesburg Financial Publishing Inc., 251 Little Falls Drive, Wilmington, DE 19808, United States