Sunday Night Weekly Recap, June 2, 2024

It’s as Old as the Hills, “Sell in May, and go away” Seasonality has it’s place, until it doesn’t… When we look at the 3 Heat Maps tonight we are going to see in the 2nd one, that one represent the past 4 weeks, huge growth in stocks. May 2024 rewarded investors with massive returns. After this weeks strong finish to the month many are speculating that the bulls are here to stay, for the Summer at least.

This Thursday, June 6, 2024 is the “Big elephant in the room” NVDA’s 10 for 1 stock split takes place. It’s no great secret to anyone that NVDA has single handedly been carrying the markets as of late. I have shared before that I am long and I am continuing to hold through the event. My Options positions are up handsomely and I have protection also in the way of how I structured those plays should a pullback occur. They originally started out as Bull Call Spreads then later I added to the Long Strike thus creating Ratio Spreads. If I were long common stock, there is no doubt that I would have Stops in place.. 5% at least and 3% for more conservative investors. Not using stops on your stocks is the equivalent of taking the brakes off of your car. Sounds super smart doesn’t it? I mean what could go wrong?

If this is your first visit with us the Heat Maps are shown every Sunday night like this: The 1st one is the past week. The 2.nd one is the past month. And the 3rd one the past 3 months. Over the next week or two I wont be posting daily as I am starting a new project and an upgrade to this newsletter. Maybe one more tomorrow. More info on that will be coming soon. In the meantime I want to wish all of you a Happy start to Summer and a prosperous one at that.

Invest wisely, live charitably and be well

Brother Bill

DISCLAIMER: All content provided in this newsletter, blog, webinar, video, chart, communication is for Educational and Entertainment purposes only. Nothing included or mentioned is meant to be construed or used as trading / investment / financial advice. Trading / investing carries risk of loss, losses can and do occur. NO recording aloud…Know your risk and risk of loss before taking on any financial endeavors. Past performance is NOT a guarantee of future success. I am NOT a licensed or registered financial advisor or tax accountant. Prior to making any trading / investing /  financial decisions you should always consult with your licensed and registered financial advisor and tax accountant. There are no recommendations or solicitations  to buy, sell or hold any stock, future, options or bonds or any other financial entity in this newsletter. Nor are there any recommendations on any type or way or method to trade / invest. You do not have permission to redistribute this newsletter without my written permission first. 

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