Newsletter of Danny Merkel - Issue #131
Market Review:
Last month, small stocks were at an important juncture: either they could have continued rising, ending the trading range; or the rally could have failed, prolonging the trading range.
Because it’s so much easier to make money in a bull-market, I would have much preferred seeing the trading range come to end but, of course, that didn’t happen:
To excel at trading, you need to separate what you want to happen from what is actually happening. Although everybody wants a raging bull market, there is nothing about the above chart that suggests this is actually happening.
Once again, my theory is that most stocks in America are still suffering from a massive overdose of stimulus that took place when common-sense collapsed in 2020, and remain in a vegetative, perma-fried mental state today.
In this brain-dead market, it just isn’t worth the time, effort and stress involved with dealing with growth stocks that go nowhere and, in my opinion, most traders would be better off - bo…