In my last post I showed you how we were one of the few people to be bullish on equities at the lows, thanks to our Equity Checklist which turned positive this month. In case you missed it, here it is again (produced at the end of December)...
Now I don’t like to blow my own trumpet, but this demonstrates the power of our process and how our students and Trading Club members could have also capitalised on it. What's all the more remarkable (if you believe the nonsense on social media, and broker advertising) is that none of this is based on opinion, or technical analysis. Maybe this is why so many people struggle to make money without it - frankly systematic analysis of fundamental data appears far less exciting than trying to trade technical indicators and FinTwit ‘action' (pro read: noise) on your mobile using 10:1 leverage!
But that doesn’t mean that you need to spend hours chained to a Bloomberg terminal deciphering complex data in excel (although I do, but I’m strange like that!). Our Trading Club takes care of all that for you, so you can focus your limited time on what we all love - watching the markets. With our weekly video updates and Checklist Report covering each of the key asset classes, you are prepared for the setups that appear before you on the screen. More importantly, you know which ones not to take, as well as those with a far more compelling Checklist score supporting them. It really is that simple, and precisely the objective of our service to support you in your transition from learning to live markets.
All this talk of trading is inspiring me. So allow me to share another actionable example, this time in currencies. Also taken from the monthly Checklist Report prepared in advance of January, is the Canadian Dollar. Our FX Checklist had been short CAD for some time over recent weeks. However, it turned strongly positive this month right at the low (or 1.36 ‘high’ in USDCAD chart, featured below). We love to see reversals like this and pay close attention as traders when price has yet to react.
I’ll leave it there for this week (I think the charts say it all). For instant access to our analysis and ideas as they unfold, check out our Trading Club subscriptions to join us today. And of course, if you are still learning and not yet ready for live markets, then our Million Dollar Traders Course provides the best possible education you could wish for, taught by Lex himself in a series of videos with accompanying resources and dedicated support from ourselves at the Academy.
Remember, making money should be boring (although your weekend shouldn’t!)
James Helliwell | Chief Investment Strategist
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