Money Vikings Investing - Week of 8/6

In This Issue: Market Report, Finviz/Sector Analysis, Climate Change Regions for Real Estate, Sentiment Analysis, A 7 Year Old Beats the Market, Hot🔥Trades in QQQ and O, Events/Earnings

The Long View & Challenging Paradigms

When I was younger I thought I had it all figured out. I wasn’t cocky by nature, but after dealing with the challenges of dyslexia, I took my education quite seriously. I knew I had to work extra hard to develop my mind and thrive in the world.

Now that I have 25 years of investing and working experience behind me, I am trying to embrace what I do not know as much as what I do know. In other words, I ask myself how can I be more humble and challenge my pre-conceived notions?

Let’s face it, life and investing is full of unforeseen twists and turns. A year ago everyone was convinced we were about to enter a recession. A bull market and low employment later, none of that came to fruition. Yes, the doomsayers will say it is right around the corner. And just like a clock 2 times a day, eventually they will be right. But how much time would we have wasted just sitting around waiting for the world to blow up Oppenheimer style?

So find your own way through critical thinking and sound investment strategies. Think of the credit downgrades, and the pullback this week as a gift to add more of what is on your watchlists!

A tough week for sure, but we are still trading above the 50 day moving averages in SPY, QQQ, DIA, and IWM. This seems to be a healthy pullback. The 10 year continued to rise and trades over 4%. Crude and the Dollar rose, and as you’ll see in the Hot🔥Trades section, we took advantage of the increase in volatility (VIX) to enter a couple new trades.

finviz: The big surprise this week was Amazon earnings, exceeding analyst expectations by $131 billion! Energy companies like XOM and CVX ended the week in positive territory.

After almost kissing the March 2022 highs, we declined over 2% this week, but still up over 17% for the year.

Real Estate - 5 Best Regions for Climate Change

The Fear and Greed Index and AAII

Fear & Greed: Clearly a decline in in the Fear and Greed Index by 8 points. The main contributers to this were the increase in the vix and the put/call ratio, as well as a decrease in overall market breadth.

Still well above historical averages of 37% bullish, the AAII survey puts investors at 49% bullish, 29% neutral, and 21% bearish.

The Antagonist - Even a 7 Year Old Beats the Market!

Jason Milton

of

Antagonist Stocks and Options Research

turned me on to the very simple Papa Bear strategy of Muscular Portfolios from Brian Livingston, which I’m increasingly starting to devote more funds to in my retirement account. This week Mr. Livingston covered Jason’s children with his readers in his newsletter, Even a 7 Year Old Beats the Market. I need to get with the program and teach this to my kids as well!

The VIX

VIX is now above the 50 day moving average, but still remains at historical lows. This being the case, we took this as a cue to begin looking for premium selling strategies. There are 2 trade ideas for premium members in the Hot🔥Trade section.

Earnings & Economic Calendar

This week, will be watching earnings for DIS, Roblox, Lilly, UPS, Twillio, BABA, and Barrick.

Investing.com: Key events next week will be the CPI and Initial Jobless Claim numbers on Thursday, and PPI on Friday.

Hot Trades QQQ Iron Condor & O Covered Call