Momentum Monday – It’s Alway’s Something….

I am in London working for the day.

My whole last week was perfect but leave it to me to mess things up.

I decided to come to London to get some meetings in today before heading quickly to Toronto while also beating the British Open traffic at Belfast airport. On my cab ride into London I noticed that my green card is missing from my passport. I have my system of holding my green card and it has worked for years but now it is gone.

I know I can get into Toronto with my Canadian passport, but doubt I can get back into the USA without the green card.

If you have any helpful ideas, please email me so I can see my family again! This may also be a sign to open a Social Leverage office in Toronto and set up shop.

To the markets…

I would say that price action remains bullish and the continuing negative sentiment is also bullish.

Last week I mentioned that in a market this strong all these years and a President pimping the economy and stocks and bullying for a rate cut (that is happening), sentiment would be frothy. Sentiment remains cautious.

In fact, investors are getting pitched high cash savings rates (every ad I see for financial companies) and end of the world scenarios by Wall Street. Ray Dalio is doing a ‘paradigm shift’ tour of the financial media world with his get into Gold thesis. If you have 7 days and some adderall go at it.

Ivanhoff and I have not missed a Momentum Monday in a few years and today is no different. I dialed up Ivan at 2 am from London (he’s more legal than I am at the moment in the USA) and we did this week’s episode. WATCH OR LISTEN HERE.

Not much has changed in my portfolio, but some new ideas as always were discussed.

Have a great week.

As a reminder, Marketsmith (by Investor’s Business Daily) is now a sponsor of the weekly show. All the charts you have been seeing in the videos and will continue to see are from Marketsmith. They are offering my readers a three week trial for $19.95. Click this link if you would like to try it out.