Quick Hits for the Week of 9/18/22

🔀Dominate with Diversification! Market Reversal This Week - Is it here to stay? Real Estate - OHI REIT 🔥Hot Trades, Collectibles - Spectacular 🕷Spider-Man, Health - 🧅Onion Power!

Courage isn't a matter of not being frightened. It's being afraid and doing what you have to do anyway.
Doctor Who (3rd Doctor)

Weekly Market Report

• After the not so great CPI numbers (inflation) were reported this week, SPY declined -4.27%, closing with a bearish engulfing weekly candle, but is still trading above the weekly 200 SMA at 367. (How's that for glass half full?)

• The Fear index as represented by VIX was up about 12% to levels not seen since early July of this year.

• Gold futures could not hold 1700 as the dollar rallied and the 2 year yield shot up to 3.865%

• Bitcoin could not hold 20K for most of the week.

• More Fed rate announcements next week with Costco and FedEx earnings.

SPY

Note: chart below has weekly candles:

Bitcoin

BTC Down almost 9% for the week. The ETH merge started. Defying all other Cryptos, Cosmos/ATOM is strangely up 2.52% for the week. Note: chart below has weekly candles.

Gold & Silver

GLD is having a hard time holding the 200 EMA as the dollar continues its 20 year rise. Silver on the other hand rose 5%! 

Silver rose 5% and is trading between the 20 and 50 day EMAs. Is this a place to hide?

Weekly Market Heatmap

source: finviz

Healthcare was the least crushed, only down -2.35% for the week, while Real Estate, Materials, Technology, and Communications all declined over -6%.


Yields & Rates

source: koyfin
All 3 benchmark rates continue to rise and trade over 3% with the 2 year leading up over 9% this week. The yield curve remains inverted and is steepening, (getting more inverted.)


The VIX

The VIX was up 12% for the week (more volatile and fear). The Fear & Greed Index got more fearful than it was the prior week.

The US Dollar

The US Dollar continues to defy gravity, rising 0.68% this week. Is this the place to hide?


Real Estate - REIT, Omega Healthcare Investors (OHI)

It is no secret that the US population is aging. And this increases the need for healthcare and senior living. This is a macro trend that I like to ride in investing.

Enter Omega Healthcare Investors (OHI). Currently yielding over 8%, talk about an inflation defense system!



REAL ESTATE INVESTING, TRUEWEALTH.MONEYVIKINGS.COM

Hot Trades - OPENED IWM Iron Condor

On 9/14 with IVR% over 50%, I sold a . . .