10:30 pm Pacific (Exclusive to BMR subscribers – Not for Distribution or Posting on any Board). Venture Update It has been an eventful week so far, with the Tariff War, a State-of-the-Union Address and volatile markets, which we’ll comment on more soon, but the Venture has managed to sail through the storm with little damage (as often occurs during bull markets). The pattern, as you’ll note, is very similar to what we’ve seen since the summer of last year when sudden brief dips below the EMA-200 from August to December became extraordinary buying opportunities. The Venture reclaimed the 600 level…
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“I return to this chamber tonight to report America’s momentum is back. Our spirit is back. Our pride is back. Our confidence is back. And the American dream is surging bigger and better than ever before.” – Opening statement from President Trump in last night’s State-of-the-Union Address, the longest in American history at 99 minutes but it was entertaining and jam-packed with common sense conservative values. During the past 6 weeks Trump has signed nearly 100 executive orders and taken more than 400 executive actions (a record) to restore common sense, safety, optimism and wealth. Increasingly, this will be…
7:45 am Pacific (Exclusive to BMR subscribers – Not for Distribution or Posting on any Board). Macro Happenings The February jobs report due Friday and a handful of major retail earnings this week will provide more insight into the economic picture, while investors also eagerly await new developments on the tariff front as President Trump gets set to play his next card; Businesses from Target (TGT, NYSE) to Costco (COST, NASDAQ) to Abercrombie & Fitch (ANF, NYSE) will give insight this week into the consumer health and how executives think potential tariffs could affect spending on groceries, household goods and…
2:30 pm Pacific (Exclusive to BMR Pro subscribers – Not for Distribution or Posting on any Board). Editor’s Note: We will soon be unveiling the new BMR website with multiple new features to enhance the customer experience. This will occur within the month of March with the target date at the moment being March 15. Stay tuned for further updates. Trump Announces “Strategic Crypto Reserve” Crypto stocks took a beating in February in what amounted to a healthy pullback from a hot multi-month run from the fall into Trump’s January 20th inauguration. This should be a really big year…
12:45 pm Pacific (Exclusive to BMR subscribers – Not for Distribution or Posting on any Board). Venture Update Why is it that many investors at certain times are the most bearish and fearful when in fact they should be the most bullish and confident, and vice-versa? Four answers to that: 1) They’re controlled by their emotions, and controlled by money; 2) They spend far too much time in chat rooms; 3) They get manipulated by the mainstream media, or at least they’ve got an unbalanced information flow and can’t discern what’s really going on; 4) They don’t understand how to…
7:40 am Pacific (Exclusive to BMR subscribers – Not for Distribution or Posting on any Board). Macro Happenings February has been a tough month for Wall Street. The S&P 500 and the Dow have each shed almost 3% each entering today’s final trading session for the month, while the NASDAQ has slipped more than 5.5%. The tech-heavy NASDAQ is on track for its worst month since September 2023. The Venture has outperformed, which is a bullish sign, down just over 1% for the month entering today while the TSX has fallen 1.6%. Markets are rallying after a weak start this…
7:15 am Pacific Bitcoin Update Sharp sell-offs over a short period are what you like to see, occasionally, during a strong bull market in order to unwind temporarily frothy/overbought conditions, setting the stage for new highs, and that’s what has occurred in Bitcoin after a powerful 60% run from the beginning of November to January. Since the late January high of around $108,000, right after Trump’s inauguration, we’ve had a 22% pullback toward the EMA-100 and a major support area from the low $80,000’s to the 200-day EMA currently slightly above $72,000. Bitcoin traded as low as $82,221 yesterday. So…
7:30 am Pacific (Exclusive to BMR subscribers – Not for Distribution or Posting on any Board). Macro Happenings A weaker-than-expected consumer confidence reading from the Conference Board weighed on stocks yesterday. A raft of recent reports, including disappointing retail sales numbers and a weak consumer sentiment reading, have spurred traders’ worries around the economy over the past week – and the major averages suffered in recent days along with the Venture, of course, However, we’re convinced that the fundamental changes President Trump is bringing into effect in the United States are going to ultimately supercharge the economy and provide a…