HI Financial Services Commentary 09-12-2017
You Tube Link: https://youtu.be/48BYbCa0Ibs
THIS year my family has decided it was a year to do HARD things:
I wanted to get up at 4:30 AM to exercise, study scriptures and market, 5:30 every
Summer project cut down 100’ to 115’ cottonwood trees
Hike to the Havasupai Falls with brothers this year
Pay off all debt except homes
Bring on two new advisors – Keve close to having Jeffrey T Smith come on board
Let me go over things that I encountered last week while hiking to the Havasupai Falls in the Grand Canyon:
1st: “I want to do what you are doing because it is so easy.”
It’s not easy and you can’t learn to be successful managing money doing it as a hobby
Because you were successful once on a single trade doesn’t mean you have it down
Extreme Pressure must become your friend
2nd: Experts don’t know S#%@ so don’t rely on them
3rd: Learn the rule of losses
4th: Running from the market or going to cash means you have NO investment strategy because the market will not only jerk you around but teach you not to be a Jerk!
5th: Sometimes there just is not a great time for a trade. Don’t ever have to push for a trade even though you think you can make money no matter what direction a stock moves.
6th: Mistakes (Errors) happen because you can’t predict the future.
What’s happening this week and why?
Slow week and nothing going on until Friday with options expiration
Seeking Alpha, Tax reform comments and new AAPL Iphones 8 and the X
Where will our market end this week?
Lower due to options expiration
SPX – Bullish
COMP – Bullish
Where Will the SPX end August 2017?
What is on tap for the rest of the week?=
Wed: MBA, PPI, Core PPI, Treasury Budget
Thur: Initial, Continuing Claims, CPI, Core CPI
Fri: Empire, Retail Sales, Retail ex-trans, Capacity Utilization, Industrial Production, Business Inventories, Mich Sentiment, Options EXPIRATION
Wed – CN: Industrial Production, Retail Sales
Sunday – CN: Housing Price Index
How I am looking to trade?
C 10/12 BMO
COST 10/5 AMC
www.myhurleyinvestment.com = Blogsite