The Full update is ready but our Gnosis Panoptes Index generated a lot of noise over the weekend, So we will delay sending this update out until the Markets Open on Monday. The next question is why? If we determine this Index is supporting the V indicator and Rage discontent index then we will bank profits on stocks showing gains in the 70 plus ranges, not because we are afraid, but because we could have the opportunity to buy more top-notch stocks at a big discount and many of the stocks showing gains in excess of 70% are moving to the overbought ranges, so they are nearing the end of their trading cycles.
As the GP Index (Gnosis Panoptes) is new and we have just started to forward test it, it takes a bit more time to review all the data and come up with an analysis. Hopefully, the data is not signalling a problem with the elections,
When the words short term appear under any post; the same conditions listed in the Market update under the short term category apply
The end is always near; its the beginning and how you live each moment that counts the most
Dear Sol,
the last market update was extremely insightful. My understanding of the new GP index is that there is a good chance of a strong market correction in case of a contested election.
For investors like me who are nearly fully invested do you recommend closing a few winning positions out to build enough firepower to buy the dip?
Thank you!
scremonini wrote: ↑Mon Nov 02, 2020 5:29 pm
Dear Sol,
the last market update was extremely insightful. My understanding of the new GP index is that there is a good chance of a strong market correction in case of a contested election.
For investors like me who are nearly fully invested do you recommend closing a few winning positions out to build enough firepower to buy the dip?
Thank you!
Well that is what we are doing with some of our positions that showing healthy gains such as FCX, HALO, etc. One can never go broke taking profits. If the markets do pullback strongly then we will be in a position to purchase even more shares. Overall the long term outlook remains bullish. However, the prudent thing to do all the time is to take some money of the table, then reinvest it when the market lets out some steam. Patience and discipline are paramount when it comes to investing
When the words short term appear under any post; the same conditions listed in the Market update under the short term category apply
The end is always near; its the beginning and how you live each moment that counts the most
scremonini wrote: ↑Mon Nov 02, 2020 5:29 pm
Dear Sol,
the last market update was extremely insightful. My understanding of the new GP index is that there is a good chance of a strong market correction in case of a contested election.
For investors like me who are nearly fully invested do you recommend closing a few winning positions out to build enough firepower to buy the dip?
Thank you!
I have been taking some profits to generate a reasonable cash position to take advantage of downside volatility with a view towards buying more assets.
With that said, it seems like everyone and his mother is doing some version of this, lol . . . either they've already sold most of their assests the last few weeks and are waiting on the sidelines with cash waiting for the expected correction, or they've been mostly in cash for a few months now.
So from a herd psychology perspective, I would have to guess that there is a significant possibility that the highly anticipated correction over the next few weeks may not occur.
Buy Fear, Sell Euphoria. The Neonatal Calf undergoes an agonizing birthing, while the Bear falls into hibernation.
It's a very good question. From the update I have decided to take profits from some positions, if the markets soar then I'll make money on the remaining positions, if the markets go down I can buy more at a discount. I think the obvious concern is that if they do soar then I won't have made as much, but this is emotional investing and not good money management/discipline. I have learnt that you can make a good decision and lose money, and a bad decision and gain money, but in the long run, the one who makes mainly good decisions will win through. We don't have a crystal ball to rely on unfortunately!
The person without the Spirit does not accept the things that come from the Spirit of God but considers them foolishness, and cannot understand them because they are discerned only through the Spirit.
Yes. Mine came in 10.15am eastern time. Checked your junk/spam folder? (Casting no aspersions Sol.)
..whenever any Form of Government becomes destructive of these ends, it is the Right of the People to alter or to abolish it, and to institute new Government..
Well, "most investors are resolute in their belief that the markets will experience a crash similar to 1987"..."87% of investors think a crash is likely". And, it looks like everyone here is ready with a loaded gun and plenty of ammo in hands for a great hunting season
BUT, "the crowd is always on the wrong side". Why will this time "the crowd" be on the right side? When "the crowd" is ready for the crash (already closed most of their positions), who will and can sell their stocks to us Tactical Investors on the bottom or near the bottom?
NoLimit201 wrote: ↑Tue Nov 03, 2020 1:40 am
Well, "most investors are resolute in their belief that the markets will experience a crash similar to 1987"..."87% of investors think a crash is likely". And, it looks like everyone here is ready with a loaded gun and plenty of ammo in hands for a great hunting season
BUT, "the crowd is always on the wrong side". Why will this time "the crowd" be on the right side? When "the crowd" is ready for the crash (already closed most of their positions), who will and can sell their stocks to us Tactical Investors on the bottom or near the bottom?
Fear spreads like a virus and the media spreading it, the masses will for sure panic and like for centuries, sell at the bottom
The masses are trained like clockwork to fail. It’s laughable and sad but that’s how markets work.
A contested election will for sure cause panic and fear
NoLimit201 wrote: ↑Tue Nov 03, 2020 1:40 am
Well, "most investors are resolute in their belief that the markets will experience a crash similar to 1987"..."87% of investors think a crash is likely". And, it looks like everyone here is ready with a loaded gun and plenty of ammo in hands for a great hunting season
BUT, "the crowd is always on the wrong side". Why will this time "the crowd" be on the right side? When "the crowd" is ready for the crash (already closed most of their positions), who will and can sell their stocks to us Tactical Investors on the bottom or near the bottom?
Don't forget the institutional players, they are just as gullible as the masses and we are only taking profits on positions that are showing significant gains.
The hardest thing to do in the world is to spit in the face of fear. Harsh description but necessary for too many people treat fear like it's something valuable when on its best day its worse than sewage.
When the words short term appear under any post; the same conditions listed in the Market update under the short term category apply
The end is always near; its the beginning and how you live each moment that counts the most
SOL wrote: ↑Mon Nov 02, 2020 5:47 pm
Well that is what we are doing with some of our positions that showing healthy gains such as FCX, HALO, etc. One can never go broke taking profits. If the markets do pullback strongly then we will be in a position to purchase even more shares. Overall the long term outlook remains bullish. However, the prudent thing to do all the time is to take some money of the table, then reinvest it when the market lets out some steam. Patience and discipline are paramount when it comes to investing
I'm trying to "follow the recommendations" but occasionally I wonder if I should take more initiative. Left on my own I'd be selling the GOOGL today, maybe FDN and REMX, AMN, FOLD, KEY, KCCF, MTCH. All are showing really decent returns. My own sense is all of these will swing down next 2 weeks on a down trend. But since you haven't mentioned a sell on these I'm exercising discipline, trying not to be a dumbass day trader and cooling my jets. All indications are that tomorrow will be another up day. Any words of wisdom?
Current atmospheric levels of CO2 (400ppm) are much lower than 500 million years ago (3000-9000ppm).
I believe it's prudent to at least consider taking partial profits. Sol's advice is great and this is a bull market but he did mention wild swings are going to occur. I have already banked some profits and await a pullback, hopefully to buy at a much more favorable price. The election turmoil will continue ad infinitum.
"You can observe a lot just by watching"
Yogi Berra
“The best lies always contain a grain of truth”
Joakim Palmkvist
Agreed - I don't think it's possible to time every trade perfectly. With this high volatility landscape for the foreseeable future, there are going to be numerous opportunities. There may also be a USD rally, so extra cash is always good.
Having to deciding when to take profits is a high quality problem. The alternative is much worse.
Buy Fear, Sell Euphoria. The Neonatal Calf undergoes an agonizing birthing, while the Bear falls into hibernation.
