Stock Market Beach Ball Bounce

Stocks and Crypto Liked Trump's China Comment on Sunday

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Pelosi Made 178% While Your 401(k) Crashed

Nancy Pelosi: Up 178% on TEM options
Marjorie Taylor Greene: Up 134% on PLTR
Cleo Fields: Up 138% on IREN

Meanwhile, retail investors got crushed on CNBC's "expert" picks.

The uncomfortable truth: Politicians don't just make laws. They make fortunes.

AltIndex reports every single Congress filing without fail and updates their data constantly.

Then their AI factors those Congress trades into the AI stock ratings on the AltIndex app.

We’ve partnered with AltIndex to get our readers free access to their app for a limited time.

Congress filed 7,810 new stock buys this year as of July.

Don’t miss out on direct access to their playbooks!

Past performance does not guarantee future results. Investing involves risk including possible loss of principal.

Today we will be covering...

  • Yesterday’s scheduled newsletter is being sent out today, due to three day weekend in the US. Our regular schedule will resume tomorrow. We hope you continue to enjoy our newsletter.

  • Today, we will examine a wave evolution in Apple stock, which will explain some EWT and cycle aspects that we apply in our methodology.

  • Crypto’s largest liquidation ever was followed by a solid bounce.

  • It looks like President Trump changed his position on new China tariffs. The stock market liked it.

Apple (AAPL) – Anatomy of a Trade

  • This post is primarily intended as a teaching moment.

  • The drop from Dec’24 high to the April low was clearly corrective, which allowed for both a corrective bounce in wave B and a five-wave move to new highs.

  • Cycles were pointing up from the second half of April. See the AAPL cycle analysis in the Pro newsletter.

  • The initial bounce looked corrective and was followed by a triangle. 

  • This could have been A-B or W-X of an A-B-C or W-X-Y upward correction.

  • After the triangle, I initiated a position in AAPL to play wave C or Y.

  • After the initial i-ii after the triangle, I added 240 calls as I had a green 100% Fibonacci target of 245.

  • After wave iii, a 40W cycle target was generated, which gave me confidence to hold position longer for higher prices toward the target.

  • This example shows how different methods could work individually for executing trades and together for even higher precision and confidence.

  • The cycle signals were relatively straightforward.

  • The most complicated part was the EW counting, which takes time to learn.

  • However, as I mentioned in some lessons, one does not need to be an expert EWT counter. For successful trades, one only needs to recognize some basic structures, e.g., corrective or impulsive, and profitable setups, e.g., 1-2, A-B, Triangle.

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  • We will be adding additional reports on cryptocurrencies, international markets and individual stocks soon!

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