June Market Recap

Money is a tool. It is something that supports your life!

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We hope you are enjoying our Podcasts! You can listen to the Financial 15, the Market Commentary or the Why Do We Do That? podcasts anytime!

We are fundamental investors that use technical analysis to manage short-term market risks. We believe that risk management is not a choice, but a necessity. While we cannot control how much downside the market provides during a correction, we can control how much of the downside your account receives. We aim to avoid 60% or more of the decline in any significant downturn. Without our process, there is a good chance you will experience 100% of the downside from the market. We will help you navigate the risks and rewards of the market so that you can stop worrying about your money and start living your life.

The following is a chronological list of the trades:

• We added to our Hudbay Minerals holding to make it a full position.
• Established a full position in GE Verona. GE Vernova, Inc. engages in the electric power industry. It operates through the following segments: Power, Wind, and Electrification. The Power segment offers design, manufacture, and servicing gas, nuclear, hydro, and steam technologies, providing a critical foundation of dispatchable, flexible, stable, and reliable power. The Wind segment manages wind generation technologies, including onshore and offshore wind turbines and blades. The Electrification segment refers to the grid solutions, power conversion, electrification software, and solar and storage solutions technologies required for the transmission, distribution, conversion, storage, and orchestration of electricity from point of generation to point of consumption.
• Established a full position in the Fidelity MCSI Industrial ETF. This ETF give us exposure to a broad range of industrial companies. Added on the breakout.

We are currently sitting with around 21% cash,

We are looking to add to positions.

Market Overview: S&P 500 E-mini Futures

The market formed a monthly E-mini pullback around the trend channel line. Bulls want a measured move to around 8000 based on the height of the April spike bar. Bears need to create strong bear bars to indicate strength. Without that, traders will be reluctant to sell aggressively.

• June traded slightly higher but closed as a bear doji in its upper half with a long tail below.
• Last month, we said traders would watch whether bulls could create follow-through buying to test near the 8000 measured move target, or whether the market would trade higher but start forming candlesticks with prominent upper tails, closing below the middle of their ranges, or bear bodies instead.
• Bulls want a measured move to around 8000 based on the height of the April spike bar.
• Bulls see the current move as a pullback and want it to remain weak and sideways, forming prominent lower tails.
• If the market trades lower, bulls hope the May low or the breakout point (January 28) will act as support.
• Bears want a failed breakout above the bull trend channel line, followed by a retest of the bull trend line.
• They see the current move as part of a climactic rally late in a trend.
• If the market trades higher, bears hope the June doji bar will be the final flag of the move.
• Bears hope any move higher will lack follow-through buying, forming prominent upper tails or bear bodies instead.
• Bears need to create strong bear bars to indicate strength. Without that, traders will be reluctant to sell aggressively.
• The last two candlesticks have been mostly overlapping, indicating the market is in a small sideways trading range.
• Big bull bars late in a trend (April and May) can be part of a buy climax.
• Consecutive bull bars closing near their highs indicate bullish strength.
• A strong momentum move can last longer than traders expect and sometimes ends in a parabolic buy climax or a blow-off top.
• The June doji bar with a promient tail below is not a strong sell signal bar. There could be buyers below it.
• Traders will watch whether bulls can create more bull bars to test near the 8000 measured move target.
• Or whether the market continues to stall around the trend channel line area, forming candlesticks with prominent upper tails, closing below the middle of their ranges, or bear bodies instead.
• Breakouts above or below trend channel lines typically fail within 2–5 bars (months).

Millennials are aging. Now between the ages of 30 and 45, we are (trying) to advance in our careers, buy property and raise families.

With the rising costs of living, millennials are predicted to be the first generation worse off than their parents – and with that realization, we’re adapting by spending less money wherever possible.

Enter the ‘grandma hobbies’ – hobbies traditionally taken up by retirees like gardening, knitting, crafting, painting, canning, etc.

Sometimes in life, it’s about the little things that can bring some calm in the crazy.

Click here to read!

Pros & Cons of Owning Property as Joint Tenants with Rights of Survivorship

In common-law provinces, couples commonly hold property as Joint Tenants with Rights of Survivorship. In certain circumstances, there are several benefits to this ownership structure. 

However, JTWROS ownership for couples may NOT be appropriate for a myriad of reasons, and they are worth understanding to avoid making mistakes when it come to tax and estate planning.

Click here to read!

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