Why I pay this guy to yell at me

This market needs a swift kick. You are receiving this email because you signed up to receive emails from True Market Insiders. [Unsubscribe here]( Keep the emails you value from falling into your spam folder. [Whitelist True Market Insiders](. Forgot your login information? Click [here](. [Image] Weekly Market Update Today is April 21, 2023 Dear Reader, Hello again and Happy Friday! Ever been yelled at by someone you pay to yell at you? I’ve been having that experience a lot lately. Two years ago I hired a nutrition coach. His name is James (“Bo” to his friends and to people who pay him to yell at them). Bill Spencer Editor-In-Chief True Market Insiders Bo has the solemn duty of making sure former fatties like me stick to our eating plans and do not backslide into size 54 pants. With me, Bo has his work cut out for him, at least over the past month or so. The problem is that I’ve been ping-ponging between 199 pounds – a weight that guys like me call “onederland” because it’s a weight that begins with a ‘1’… And about 210 - 215 pounds. When I began working with Bo I was at 242.7 pounds. So I’ve been flirting with a dangerous weight range. This is not good, as Bo is not shy about reminding me. “Dude, you need to make up your damn mind where you wanna be!” He’s right of course. I’m as frustrated as he is by my recent lack of discipline. And I wonder if the stock market should hire a guy like James? I mean, we’ve just seen another week where the stock market can’t seem to make up its mind where it wants to go. Right now four of the five major averages are posting losses for the week. That feels bearish, no? But look at this… The small-cap Russell 2000 is the one major average that’s gained this week. That feels bullish, yes? But look at how small those gains are (+0.20%, less than a quarter of a percent). That feels sideways, right? My point is that we seem to be stuck with a stock market that likes to talk in riddles. Or talk out both sides of its mouth. For example, here’s a bearish indication you probably hadn’t heard of. According to Bloomberg, a recent Goldman Sachs model concludes that although the stock market has been rising of late, there’s “a lack of sponsorship” behind the move. At the heart of Goldman’s observation are two ETFs. One of them, the Direxion Daily S&P 500 Bear 3X Shares (SPXS), is a leveraged inverse fund. It tracks three times the inverse move of the S&P 500. In other words, (to put it simply) if the S&P falls by one point, this ETF gains three points. Just last Thursday this fund saw record inflows of $285 million. Hold that thought…   How To "Wiretap" The Trades Of Wall Street's Richest Insiders... For Potential Gains of 533%... 948%... and even 3,120%... [Without Breaking a Single Law]( [Click here for your exclusive price discount.](   The second ETF, Direxion Daily S&P500 Bull 3X Shares (SPXL), tracks three times the performance of the S&P. In other words, if the S&P rises by one point, this ETF rises three points. Last Thursday, this fund saw record outflows. Fully $234 million exited the fund. The implication is clear: investors are betting that the market falls. And they’re putting their money where their mouths are. But that business about a “lack of sponsorship” cuts both ways. Here’s a one-year chart of SPY, our proxy ETF for the S&P. As you can see, the recent sideways/falling price action has come on very low volume. And what is volume but an indicator of “sponsorship?” So right now we all have to hold on while the market works through its holding pattern – which it will. And we’ll be ready when it does. If it breaks out, we’ll be able to spot the sectors that are leading the charge higher. We’ll buy those. If it breaks down, we’ll get bearish on the laggards and backsliders. The important point is to see the market clearly, whichever way it chooses to go.   By the way, Costas Bocelli just persuaded the TMI brain trust [to run a Flash Sale on access to his Deep Market scanner](. This is the indicator that alerts him to unusual activity in the options market – activity that almost always means some insider knows something the rest of the market does not. A recent “hit” from the scanner went up +75% in a week. And the latest opportunity on Costas’ radar has outperformed the entire S&P by a factor of 9 to 1. I think you owe it to yourself to explore putting his scanner to work in your own trading account. Especially since [we’re lopping 30% off the price for a limited time](.   Thanks for reading, and have a great weekend. Bill Spencer Editor-in-Chief, True Market Insiders [Today’s Column Has Buffett’s Blessing]( [Why Heroes Will Go Broke In This Market]( [Bank Crisis - A Gift that Keeps on Giving](   [True Market Insiders' Portfolio Track Record] You can [change your preferences here]( DISCLAIMER ©2023 by True Market Insiders, LLC, Protected by copyright laws of the United States and international treaties. This Newsletter may only be used pursuant to the subscription agreement and any reproduction, copying, or redistribution (electronic or otherwise, including on the world wide web), in whole or in part, is strictly prohibited without the express written permission of: True Market Insiders, 7901 4th St. N STE 6113 St. Petersburg, FL 33702. The information contained herein has been prepared without regard to any particular investor's investment objectives, financial situation, and needs. Accordingly, investors should not act on any recommendation (express or implied) or information in this material without obtaining specific advice from their financial advisors and should not rely on information herein as the primary basis for their investment decisions. True Market Insiders LLC is not an investment advisor and is not licensed to give specific financial advice. The chairman of True Market Insiders, Chris Rowe, is also the CEO, CIO and owner of Rowe Wealth Management LLC, which is not owned by and is not the owner of True Market Insiders. For more detailed information you can click here: [Website]( | [Discourse & Privacy Policy](