Market Update - July 27, 2024

A key step

Author

Mark Helfman
July 27, 2024

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PayPal, Disney, and Nike all dropped 50-80% recently from all-time highs.

Are they undervalued? Can they turn around? What’s next? You don’t have time to track every stock, but should you be forced to miss all the best opportunities?

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If you believe in the bull market support band, we just emerged from a three-week bear market. That's crazy.

(If you don’t know what the bull market support band is, ignore that sentence. It’s a trading indicator that’s acquired magical properties.)

When an asset can drop 25% and pump 200% every 3-6 months, maybe the terms “bull” and “bear” market don’t mean anything.

Why You Shouldn’t Care About Bitcoin’s Bull or Bear Market

With bitcoin’s price breaking above $30,000, the cryptosphere seems locked in a “bull or bear market” conflict. Not you, though.

medium.com/web-3-digitals/why-you-shouldnt-care-about-bitcoin-s-bull-or-bear-market-8251f9f7e30e?sk=d76ef28dfd775584ea3b4b23af2e0708

Let’s see what the market has in store for us. Watch the first five minutes of the video for a lay of the land and a pattern nobody seems to notice. Other topics for this update:

  • Video

  • Beware of tricky metrics

  • The good news

  • A key step before we can say the tide has turned

  • Altcoins and everything after

I strongly advise you to read the summary below and watch the video update! You miss too much when you get only one of them!

Reminder: I won't have a market update next week, but I’ll send buy/sell/HODL alerts as needed.

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