{"id":55108,"date":"2022-01-26T04:16:00","date_gmt":"2022-01-26T09:16:00","guid":{"rendered":"https:\/\/thedisciplinedinvestor.com\/blog\/?p=55108"},"modified":"2022-01-26T04:16:00","modified_gmt":"2022-01-26T09:16:00","slug":"dhunplugged-591-oooh-a-correction","status":"publish","type":"post","link":"https:\/\/thedisciplinedinvestor.com\/blog\/2022\/01\/26\/dhunplugged-591-oooh-a-correction\/","title":{"rendered":"DHUnplugged #591: OOOH A CORRECTION !"},"content":{"rendered":"<p>Markets got as oversold as they are going to get. While the trend has also changed, there are some signs that the flush selling may be over.<img decoding=\"async\" class=\"alignright\" src=\"https:\/\/www.dhunplugged.com\/wp-content\/uploads\/2022\/01\/dh_591_banner.jpg\" \/><\/p>\n<p>War, Fed, Inflation, Valuations, Pandemic &#8211; What else should we throw at the market this week?<\/p>\n<p>PLUS we are now on <strong><a href=\"https:\/\/open.spotify.com\/show\/30bQIjH9Gw4es27XYrYKJL\">Spotify<\/a> and <a href=\"https:\/\/music.amazon.com\/podcasts\/79261e60-0492-43c0-b1a2-708ebeb4bd7e\/DH-Unplugged\">Amazon Music\/Podcasts<\/a><\/strong>!<\/p>\n<\/p>\n<hr \/>\n<p><span id=\"more-19224\"><\/span><\/p>\n<div class=\"su-spoiler su-spoiler-style-fancy su-spoiler-icon-plus-circle su-spoiler-closed\" data-scroll-offset=\"0\" data-anchor-in-url=\"no\">\n<div class=\"su-spoiler-title\" tabindex=\"0\" role=\"button\"><span class=\"su-spoiler-icon\"><\/span>Click HERE for Show Notes and Links<\/div>\n<div class=\"su-spoiler-content su-u-clearfix su-u-trim\">\n<p style=\"text-align: center;\"><span style=\"color: #ff0000;\"><strong>DHUnplugged is now streaming live &#8211; with listener chat. Click on link on the right sidebar.<\/strong><\/span><\/p>\n<hr \/>\n<div align=\"center\">\n<h4 style=\"text-align: center;\">Love the Show?<\/h4>\n<p>Then how about a Donation?<\/p>\n<form action=\"https:\/\/www.paypal.com\/cgi-bin\/webscr\" method=\"post\" target=\"_top\"><input title=\"PayPal - The safer, easier way to pay online!\" alt=\"Donate\" name=\"submit\" src=\"https:\/\/www.paypal.com\/en_US\/i\/btn\/btn_donateCC_LG.gif\" type=\"image\" \/><br \/>\n<img loading=\"lazy\" decoding=\"async\" src=\"https:\/\/www.paypal.com\/en_US\/i\/scr\/pixel.gif\" alt=\"\" width=\"1\" height=\"1\" border=\"0\" \/><\/form>\n<\/div>\n<hr \/>\n<p style=\"text-align: center;\"><a href=\"http:\/\/twitter.com\/THErealDVORAK\"><strong>Follow John C. Dvorak on Twitter<\/strong><\/a><\/p>\n<p style=\"text-align: center;\"><a href=\"http:\/\/twitter.com\/andrewhorowitz\"><strong>Follow Andrew Horowitz on Twitter<\/strong><\/a><\/p>\n<p><span class=\"ILfuVd NA6bn\"><span class=\"hgKElc\"><strong>Warm Up<br \/>\n<\/strong>&#8211; Back from a 2-week hiatus (Network renewed us indefinitely)<br \/>\n&#8211; Lots of &#8220;experts&#8221;out there&#8230; 4, 3, 8, 2 rate hike expectations&#8230;..<br \/>\n&#8211; War seriously? Can&#8217;t we let the pandemic end first?<br \/>\n&#8211; Bidens approval rating? We have some interesting datapoints<br \/>\n&#8211; Taking the #2 Place for the Chili Cookoff this weekend! &#8211; AH entered a Chili Cookoff &#8211; 18 contestants<br \/>\n&#8211; Its a great night for a whisky tasting&#8230;..<br \/>\n<\/span><\/span><\/p>\n<p><strong>Market Update<\/strong><br \/>\n&#8211; Nothing good to say &#8211; just horrible action &#8211; could be the worst I seen in years&#8230; All out blood bath of selling.<br \/>\n&#8211; Bad News = Bad News, Good News = Bad News<br \/>\n&#8211; Year-to-date Index Performance: Nasdaq -16%, S&amp;P 500 -11.3%, Dow -8.7%&#8230; Pretty staggering, especially considering we&#8217;re still in January.<br \/>\n&#8211; <em><strong>WE ARE IN A CORRECTION<\/strong><\/em><br \/>\n&#8211; ***** <em>&#8211; Researched this Monday at 12PM- markets were on lows and sinking&#8230;.: Indicators showing massive oversold for markets &#8211; 10\/1 advancers to declines on Monday, VIX &gt;38,\u00a0 McClellan -384, Spearman -87 (-96), SP500: 326 Below 200 DMA, 178 Above. SP500 RSI 20.25 (Below 30 is oversold), SPY &gt; 4 ST Devs Below 50 DMA (Rode 3 STD in March 2020 on way down)<\/em><br \/>\n<em>&#8211; One of the fasted 10% declines to start a year ever<\/em><br \/>\n**** Monday &#8211; one of the most incredible candle days ever &#8211; obliteration, then squeeze to green &#8211; a 5.2% reversal in the NASDAQ &#8211; 1,000 points for the DJIA &#8211; Small Caps up 2.5%<br \/>\n&#8212;&#8211; Tuesday the selling kicks up in the morning again. (looks like weak hands are playing with the shorts as still oversold levels)<\/p>\n<p><strong>PREDICTION (FWIW)<\/strong><br \/>\n&#8211; Oversold condition remains ahead of Fed (plus decent numbers from Logi, MSFT and TXN)<br \/>\n&#8211; Potential for a significant short squeeze ahead of Fed<br \/>\n&#8211; If Fed tamps down hawkish talk, could leg higher from there<\/p>\n<p><strong>Bad News = Horrible, Good News = Bad News<br \/>\n<\/strong>&#8211; War? Seriously? Aren&#8217;t we beyond this already?<br \/>\n&#8211; Fed in Play? Goldman says up to 5 hikes &#8211; seems far fetched&#8230;.<br \/>\n&#8211; &#8211; Wednesday is FOMC Rate Decision<br \/>\n&#8211; &#8211; Earnings this week &#8211; Intel, Microsoft, Tesla (plus others)<br \/>\n&#8211; Russia hints at prohibiting anything crypro &#8211; rough weekend for coins<\/p>\n<p><strong>IMF &#8211; More Bad News<\/strong><br \/>\n&#8211; IMF says global growth is expected to moderate from 5.9 in 2021 to 4.4 percent in 2022\u2014half a percentage point lower for 2022 than in the October World Economic Outlook<span class=\"price\">\u00a0\u00a0<\/span><\/p>\n<p><strong>Updates from the 1\/24\/2022 Crazy Day<\/strong><br \/>\n&#8211; From Low to Close % change:<br \/>\n&#8211; QQQ 5.7%, ARKK 13%, XBI 8%, SHOP 20%, ROKU 13%, RBLX 16%, ASAN 19%, PTOn 15% and the list goes on &#8211; like a mini flash crash<br \/>\n&#8211; TODAY!!!!!!!!!! Just about the same range for the DJIA (1,000 points) &#8211; Question &#8211; is the selling done?<\/p>\n<p><strong>Carnage!<\/strong><br \/>\n&#8211; <strong>% Below High.<\/strong>.. $PYPL: -50% $TWTR: -58% $BABA: -63% $SQ: -63% $SNAP: -65% $PINS: -68% $ROKU: -70% $PENN: -71% $CRSP: -72% $DKNG: -75% $ZM: -75% $Z: -75% $TDOC: -76% $BYND: -76% $CHGG: -77% $PTON: -84% $STNE: -85% $LMND: -86% $SFIX: -86% $SPCE: -87% $CLOV: -90% &#8211; Nasdaq 100: -16%<\/p>\n<p><strong>Other Market Moving Items<\/strong><br \/>\n&#8211; Netfilx Earnings &#8211; &#8211; Decent numbers overall, outlook very soft (Netflix often provides weak outlook)<br \/>\n&#8212; Stock down 24%!!!!!!!!! DOWN 48% from November high and now actually shows really good ratios. (Cheap???)<\/p>\n<p><strong>Peloton<\/strong><br \/>\n&#8211; Peloton on Thursday reported preliminary quarterly results and said the number of connected fitness subscribers will fall short of expectations.<br \/>\n&#8211; The company put out its release after CNBC reported that Peloton is temporarily halting production of its connected bikes and treadmills and looking for ways to control costs.<br \/>\n&#8211; &#8211; All of this after they did\u00a0 that boneheaded price hike last week that we discussed as one of the stupidest moves in history.<br \/>\n&#8212;&#8211; Stock down 24% on the news&#8230;<br \/>\n&#8212;- Company then says that they halting production (leaked memo)<br \/>\n&#8212;&#8212;&#8211; Earnings concern coming from competition and price comparatives (then why hike prices?????)<br \/>\n&#8212;&#8212;- Fire management as they seem really dumb<\/p>\n<p><strong>Micky D&#8217;s<\/strong><br \/>\n&#8211; McDonald&#8217;s is expanding its test of the plant-based McPlant burger, created as part of its partnership with Beyond Meat.<br \/>\n&#8211; Starting Feb. 14, the fast-food giant will roll out the burger at roughly 600 locations in the San Francisco Bay and Dallas-Fort Worth areas to learn more about consumer demand for the potential menu item.<br \/>\n&#8211; WHY???<\/p>\n<p><strong>Kohl&#8217;s<\/strong><br \/>\n&#8211; Confirmed that it received letters expressing interest in acquiring co.<br \/>\n&#8211; Co&#8217;s board will determine the course of action that it believes is in the best interest of co and its shareholders;<br \/>\n&#8211; They do not intend to issue further public comments on the matter.<br \/>\n&#8211; A report from <em>WSJ<\/em>\u00a0suggested that the takeover bids for co could amount to approx. $64-65\/share.<\/p>\n<p><strong>Microsoft Earnings<\/strong><br \/>\n&#8211; Beats on top and bottom &#8211; but not as big of a beat as in past few quarters<br \/>\n&#8211;\u00a0 Stock tumbles 5%, after hour futures get slammed<br \/>\n&#8211; 5:30PM conference call &#8211; upside guidance<br \/>\n&#8211; Guidance revenue of $48.50-49.30 bln vs CapitalIQ consensus of $48.20 bln.<br \/>\n&#8212;&#8211; Stock turns up $20 on this and futures scream higher (200 pt on DJIA and approx 250 pts on NAZ from A\/H lows<\/p>\n<p><strong>Commodities<\/strong><br \/>\n&#8211; More crazy moves &#8211; Nickel<\/p>\n<p style=\"text-align: center;\"><span style=\"color: #333333;\"><span class=\"su-lightbox\" data-mfp-src=\"https:\/\/www.dhunplugged.com\/wp-content\/uploads\/2022\/01\/nickle.jpg\" data-mfp-type=\"image\" data-mobile=\"yes\"><a href=\"https:\/\/www.dhunplugged.com\" class=\"su-button su-button-style-default\" style=\"color:#FFFFFF;background-color:#2D89EF;border-color:#246ec0;border-radius:5px;-moz-border-radius:5px;-webkit-border-radius:5px\" target=\"_self\" rel=\"noopener\"><span style=\"color:#FFFFFF;padding:0px 16px;font-size:13px;line-height:26px;border-color:#6cadf4;border-radius:5px;-moz-border-radius:5px;-webkit-border-radius:5px;text-shadow:none;-moz-text-shadow:none;-webkit-text-shadow:none\"> <strong>Nickel Squeeze<\/strong><\/span><\/a><\/span><\/span><\/p>\n<p><strong>Biden Approval Rating &#8211; Year 1<\/strong><\/p>\n<p style=\"text-align: center;\"><span class=\"su-lightbox\" data-mfp-src=\"https:\/\/www.dhunplugged.com\/wp-content\/uploads\/2022\/01\/biden_approval.jpg\" data-mfp-type=\"image\" data-mobile=\"yes\"><a href=\"https:\/\/www.dhunplugged.com\" class=\"su-button su-button-style-default\" style=\"color:#FFFFFF;background-color:#2D89EF;border-color:#246ec0;border-radius:5px;-moz-border-radius:5px;-webkit-border-radius:5px\" target=\"_self\" rel=\"noopener\"><span style=\"color:#FFFFFF;padding:0px 16px;font-size:13px;line-height:26px;border-color:#6cadf4;border-radius:5px;-moz-border-radius:5px;-webkit-border-radius:5px;text-shadow:none;-moz-text-shadow:none;-webkit-text-shadow:none\"> <strong>Biden Approval Compared<\/strong><\/span><\/a><\/span><\/p>\n<p><strong>AMAZON &#8211; HUH?<\/strong><br \/>\n&#8211; Amazon is opening a clothing store in the physical world.<br \/>\n&#8211; The first Amazon Style store, located in the Los Angeles suburb of Glendale, Calif., will open its doors later this year, the company announced Thursday.<br \/>\n&#8211; The store will feature women&#8217;s and men&#8217;s apparel, shoes, and accessories from a mix of well-known and emerging brands, with prices catering to a wide range of shoppers.<br \/>\n&#8211; Shoppers will rely heavily on their smartphone in order to browse the store.<br \/>\n&#8211; In the fitting rooms, Amazon has added touchscreen displays, which shoppers can use to rate items or request different styles or sizes to be delivered to their fitting room.<\/p>\n<p><span style=\"color: #ff0000;\"><strong>\u00a0<\/strong><\/span><strong>Coin Segment<\/strong><br \/>\n&#8211; Dave Ackerman who provides some of the coin news: &#8220;Bitcoin price fell sharply over the weekend so you should <b>BUY THE FREAKIN\u2019 DIP!!!!!!!<\/b>&#8220;<br \/>\n&#8211; History This Month &#8211; Bitcoin history was made in January of 2011 when three people each bought 4 Bitcoin at a rate of $100 trillion Zimbabwean dollars, the largest ever single numeric value traded for Bitcoin.<br \/>\n&#8211; Problems with the Solanoa coin\/network caused all sort of problems for many holders\/users<br \/>\n&#8211; Crypto crash over weekend erases more than $1 trillion (not uncorrelated and not inflation protection and not a good store of value)<br \/>\n&#8211; Perhaps why drop? &#8211; The <b> Federal Reserve Bank <\/b>dropped a new central bank digital currency white paper last week, hinting that a CBDC could compete with \u201cprivate digital money\u201d.<br \/>\n&#8211; Microstrategy&#8217;s Michael Saylor at it again &#8211; Huge Bitcoin holdings on company&#8217;s books. Just tried to play with accounting and use bitcoin impairment charges in the non-GAAP measures. Stock down 24% last week and 60% from high (nice strategy brah!)<br \/>\n&#8211; Last week &#8211; Russia&#8217;s central bank on Thursday proposed banning the use and mining of cryptocurrencies on Russian territory, citing threats to financial stability, citizens&#8217; well-being and its monetary policy sovereignty.<\/p>\n<p><strong>More Coin<\/strong><br \/>\n&#8211; Los Angeles Rams wide receiver Odell Beckham Jr. made headlines last November when he announced he would be converting his 2021 salary into bitcoin<br \/>\n&#8211; PROBLEM &#8211; November 12th he did the conversion and now the price is down 45%.<br \/>\n&#8211; After tax, federal and state, and loss, the salary is worth $35,000 (approx)<br \/>\n&#8211; HERE IS THE QUESTION &#8211; Why are the Crytro Bros always bragging that this athlete or actor\/star chose to take their salary in bitcoin &#8211; WHAT ????? Notoriously athletes and actors are the worst with investments and money&#8230;.<\/p>\n<p><strong>Angels&#8217; Envy Rye &#8211; Tasting<\/strong><br \/>\n&#8211; Thanks to Hans, Franny, Dodge, Aaron, Maui, others for helping us out with kind donations for this event and the show&#8230;<\/p>\n<\/p>\n<hr \/>\n<p><strong>420 Stocks &#8230;<br \/>\n<\/strong><\/p>\n<h3 style=\"text-align: center;\"><a href=\"http:\/\/bit.ly\/DHPotStocks\" target=\"_blank\" rel=\"noopener noreferrer\">CLICK for list of &#8220;Pot Stocks&#8221;<\/a><\/h3>\n<p>Stocks to watch: CGC, STZ, TLRY, CRON, MJ, NBEV<\/p>\n<\/p>\n<hr \/>\n<div align=\"center\">\n<h4 style=\"text-align: center;\">Love the Show?<br \/>\nThen how about a Donation?<\/h4>\n<form action=\"https:\/\/www.paypal.com\/cgi-bin\/webscr\" method=\"post\" target=\"_top\"><input title=\"PayPal - The safer, easier way to pay online!\" alt=\"Donate\" name=\"submit\" src=\"https:\/\/www.paypal.com\/en_US\/i\/btn\/btn_donateCC_LG.gif\" type=\"image\" \/><br \/>\n<img loading=\"lazy\" decoding=\"async\" src=\"https:\/\/www.paypal.com\/en_US\/i\/scr\/pixel.gif\" alt=\"\" width=\"1\" height=\"1\" border=\"0\" \/><\/form>\n<\/div>\n<hr \/>\n<h3 style=\"text-align: center;\"><strong><img loading=\"lazy\" decoding=\"async\" class=\"aligncenter\" src=\"https:\/\/www.dhunplugged.com\/wp-content\/uploads\/2013\/08\/dh_CTP.jpg\" alt=\"dh_CTP\" width=\"602\" height=\"122\" \/><\/strong><strong><a href=\"https:\/\/www.dhunplugged.com\/CTP\/dh-ctp-cup-final-2021\/\">THE WINNER<br \/>\nDHUnplugged &#8211; CTP CUP 2021<\/a><\/strong><\/h3>\n<figure><img decoding=\"async\" class=\"aligncenter\" src=\"https:\/\/www.dhunplugged.com\/wp-content\/uploads\/2022\/01\/ctP-2021winner.jpg\" \/><\/figure>\n<p style=\"text-align: center;\"><strong>*** NEW INTERACTIVE CHARTS ***<\/strong><\/p>\n<h5 style=\"text-align: center;\"><strong>Winners will be getting great stuff like the new DHUnplugged Shirts (Designed by Jimbo) &#8211;<br \/>\nPLUS a one-of-a-kind DHUnplugged CTP Winner&#8217;s certificate..<br \/>\n<\/strong><\/h5>\n<p style=\"text-align: center;\"><a href=\"http:\/\/tradingview.go2cloud.org\/aff_c?offer_id=2&amp;aff_id=2430&amp;source=DHCTP\"><strong>CLICK HERE FOR MORE CHARTS ON TRADING VIEW<\/strong><\/a><\/p>\n<hr \/>\n<p style=\"text-align: left;\"><span style=\"text-decoration: underline;\"><strong>UPDATE<\/strong><\/span> &#8211; NEW ETF &#8211; Global X Millennials Thematic ETF Challenge!<\/p>\n<p style=\"text-align: left;\">The top holdings of Global X Millennials Thematic ETF (MILN) include stocks many investors would expect, such as <strong>Facebook<\/strong>, <strong>LinkedIn<\/strong> and <strong>Amazon<\/strong>, which take advantage of the tech tendencies of millennials. But some names might be more surprising like real estate investment trusts <strong>AvalonBay Communities<\/strong> and Equity <strong>Residential<\/strong>, and <strong>Home Depot<\/strong>, which could benefit from millennials moving out of the home of their parents.<\/p>\n<p style=\"text-align: left;\">We are creating the <a href=\"https:\/\/www.dhunplugged.com\/dhoci-index-tracking\/\"><span style=\"text-decoration: underline;\"><strong>DH Old Codger Index Portfolio<\/strong><\/span><\/a> to compete against this new ETF to see how &#8220;old school&#8221; stocks do in comparison. Companies in our index will include:<em> (updated names as of 8\/29\/16)<\/em><\/p>\n<p style=\"text-align: left;\">We have the performance summary running (daily and since inception of 5\/6\/16) &#8211; <strong><a href=\"https:\/\/www.dhunplugged.com\/dhoci-index-tracking\/\">DHOCI vs. Millennials ETF Battle<\/a><\/strong><\/p>\n<hr \/>\n<p><strong>LIMERICKS<\/strong><\/p>\n<p><strong>JCD Score ()<\/strong><\/p>\n<\/p>\n<\/div>\n<\/div>\n<hr \/>\n<p style=\"text-align: center;\">See this week\u2019s stock picks <a href=\"https:\/\/www.dhunplugged.com\/stock-page\/\"><strong>HERE<\/strong><\/a><\/p>\n<hr \/>\n<p style=\"text-align: center;\"><a href=\"http:\/\/twitter.com\/THErealDVORAK\"><strong>Follow John C. Dvorak on Twitter<\/strong><\/a><\/p>\n<p style=\"text-align: center;\"><a href=\"http:\/\/twitter.com\/andrewhorowitz\"><strong>Follow Andrew Horowitz on Twitter<\/strong><\/a><\/p>\n<hr \/>\n","protected":false},"excerpt":{"rendered":"<p>Markets got as oversold as they are going to get. While the trend has also changed, there are some signs that the flush selling may be over.<\/p>\n<p>War, Fed, Inflation, Valuations, Pandemic &#8211; What else should we throw at the market this week?<\/p>\n<p>PLUS we are now on <strong><a href=\"https:\/\/open.spotify.com\/show\/30bQIjH9Gw4es27XYrYKJL\">Spotify<\/a> and <a href=\"https:\/\/music.amazon.com\/podcasts\/79261e60-0492-43c0-b1a2-708ebeb4bd7e\/DH-Unplugged\">Amazon Music\/Podcasts<\/a><\/strong>!<\/p>\n<\/p>\n<hr \/>\n<p>Click HERE for Show Notes and Links<\/p>\n<p style=\"text-align: center;\"><strong>DHUnplugged is now streaming live &#8211; with listener chat. Click on link on the right sidebar.<\/strong><\/p>\n<hr \/>\n<h4 style=\"text-align: center;\">Love the Show?<\/h4>\n<p>Then how about a Donation?<\/p>\n<p><\/p>\n<hr \/>\n<p style=\"text-align: center;\"><a href=\"http:\/\/twitter.com\/THErealDVORAK\"><strong>Follow John C. Dvorak on Twitter<\/strong><\/a><\/p>\n<p style=\"text-align: center;\"><a href=\"http:\/\/twitter.com\/andrewhorowitz\"><strong>Follow Andrew Horowitz on Twitter<\/strong><\/a><\/p>\n<p><strong>Warm Up<br \/>\n<\/strong>&#8211; Back from a 2-week hiatus (Network renewed us indefinitely)<br \/>\n&#8211; Lots of &#8220;experts&#8221;out there&#8230; 4, 3, 8, 2 rate hike expectations&#8230;..<br \/>\n&#8211; War seriously? Can&#8217;t we let the pandemic end first?<br \/>\n&#8211; Bidens approval rating? We have some interesting datapoints<br \/>\n&#8211; Taking the #2 Place for the Chili Cookoff this weekend! &#8211; AH entered a Chili Cookoff &#8211; 18 contestants<br \/>\n&#8211; Its a great night for a whisky tasting&#8230;..\n<\/p>\n<p><strong>Market Update<\/strong><br \/>\n&#8211; Nothing good to say &#8211; just horrible action &#8211; could be the worst I seen in years&#8230; All out blood bath of selling.<br \/>\n&#8211; Bad News = Bad News, Good News = Bad News<br \/>\n&#8211; Year-to-date Index Performance: Nasdaq -16%, S&amp;P 500 -11.3%, Dow -8.7%&#8230; Pretty staggering, especially considering we&#8217;re still in January.<br \/>\n&#8211; <em><strong>WE ARE IN A CORRECTION<\/strong><\/em><br \/>\n&#8211; ***** <em>&#8211; Researched this Monday at 12PM- markets were on lows and sinking&#8230;.: Indicators showing massive oversold for markets &#8211; 10\/1 advancers to declines on Monday, VIX &gt;38,\u00a0 McClellan -384, Spearman -87 (-96), SP500: 326 Below 200 DMA, 178 Above. SP500 RSI 20.25 (Below 30 is oversold), SPY &gt; 4 ST Devs Below 50 DMA (Rode 3 STD in March 2020 on way down)<\/em><br \/>\n<em>&#8211; One of the fasted 10% declines to start a year ever<\/em><br \/>\n**** Monday &#8211; one of the most incredible candle days ever &#8211; obliteration, then squeeze to green &#8211; a 5.2% reversal in the NASDAQ &#8211; 1,000 points for the DJIA &#8211; Small Caps up 2.5%<br \/>\n&#8212;&#8211; Tuesday the selling kicks up in the morning again. (looks like weak hands are playing with the shorts as still oversold levels)<\/p>\n<p><strong>PREDICTION (FWIW)<\/strong><br \/>\n&#8211; Oversold condition remains ahead of Fed (plus decent numbers from Logi, MSFT and TXN)<br \/>\n&#8211; Potential for a significant short squeeze ahead of Fed<br \/>\n&#8211; If Fed tamps down hawkish talk, could leg higher from there<\/p>\n<p><strong>Bad News = Horrible, Good News = Bad News<br \/>\n<\/strong>&#8211; War? Seriously? Aren&#8217;t we beyond this already?<br \/>\n&#8211; Fed in Play? Goldman says up to 5 hikes &#8211; seems far fetched&#8230;.<br \/>\n&#8211; &#8211; Wednesday is FOMC Rate Decision<br \/>\n&#8211; &#8211; Earnings this week &#8211; Intel, Microsoft, Tesla (plus others)<br \/>\n&#8211; Russia hints at prohibiting anything crypro &#8211; rough weekend for coins<\/p>\n<p><strong>IMF &#8211; More Bad News<\/strong><br \/>\n&#8211; IMF says global growth is expected to moderate from 5.9 in 2021 to 4.4 percent in 2022\u2014half a percentage point lower for 2022 than in the October World Economic Outlook\u00a0\u00a0<\/p>\n<p><strong>Updates from the 1\/24\/2022 Crazy Day<\/strong><br \/>\n&#8211; From Low to Close % change:<br \/>\n&#8211; QQQ 5.7%, ARKK 13%, XBI 8%, SHOP 20%, ROKU 13%, RBLX 16%, ASAN 19%, PTOn 15% and the list goes on &#8211; like a mini flash crash<br \/>\n&#8211; TODAY!!!!!!!!!! Just about the same range for the DJIA (1,000 points) &#8211; Question &#8211; is the selling done?<\/p>\n<p><strong>Carnage!<\/strong><br \/>\n&#8211; <strong>% Below High.<\/strong>.. $PYPL: -50% $TWTR: -58% $BABA: -63% $SQ: -63% $SNAP: -65% $PINS: -68% $ROKU: -70% $PENN: -71% $CRSP: -72% $DKNG: -75% $ZM: -75% $Z: -75% $TDOC: -76% $BYND: -76% $CHGG: -77% $PTON: -84% $STNE: -85% $LMND: -86% $SFIX: -86% $SPCE: -87% $CLOV: -90% &#8211; Nasdaq 100: -16%<\/p>\n<p><strong>Other Market Moving Items<\/strong><br \/>\n&#8211; Netfilx Earnings &#8211; &#8211; Decent numbers overall, outlook very soft (Netflix often provides weak outlook)<br \/>\n&#8212; Stock down 24%!!!!!!!!! DOWN 48% from November high and now actually shows really good ratios. (Cheap???)<\/p>\n<p><strong>Peloton<\/strong><br \/>\n&#8211; Peloton on Thursday reported preliminary quarterly results and said the number of connected fitness subscribers will fall short of expectations.<br \/>\n&#8211; The company put out its release after CNBC reported that Peloton is temporarily halting production of its connected bikes and treadmills and looking for ways to control costs.<br \/>\n&#8211; &#8211; All of this after they did\u00a0 that boneheaded price hike last week that we discussed as one of the stupidest moves in history.<br \/>\n&#8212;&#8211; Stock down 24% on the news&#8230;<br \/>\n&#8212;- Company then says that they halting production (leaked memo)<br \/>\n&#8212;&#8212;&#8211; Earnings concern coming from competition and price comparatives (then why hike prices?????)<br \/>\n&#8212;&#8212;- Fire management as they seem really dumb<\/p>\n<p><strong>Micky D&#8217;s<\/strong><br \/>\n&#8211; McDonald&#8217;s is expanding its test of the plant-based McPlant burger, created as part of its partnership with Beyond Meat.<br \/>\n&#8211; Starting Feb. 14, the fast-food giant will roll out the burger at roughly 600 locations in the San Francisco Bay and Dallas-Fort Worth areas to learn more about consumer demand for the potential menu item.<br \/>\n&#8211; WHY???<\/p>\n<p><strong>Kohl&#8217;s<\/strong><br \/>\n&#8211; Confirmed that it received letters expressing interest in acquiring co.<br \/>\n&#8211; Co&#8217;s board will determine the course of action that it believes is in the best interest of co and its shareholders;<br \/>\n&#8211; They do not intend to issue further public comments on the matter.<br \/>\n&#8211; A report from <em>WSJ<\/em>\u00a0suggested that the takeover bids for co could amount to approx. $64-65\/share.<\/p>\n<p><strong>Microsoft Earnings<\/strong><br \/>\n&#8211; Beats on top and bottom &#8211; but not as big of a beat as in past few quarters<br \/>\n&#8211;\u00a0 Stock tumbles 5%, after hour futures get slammed<br \/>\n&#8211; 5:30PM conference call &#8211; upside guidance<br \/>\n&#8211; Guidance revenue of $48.50-49.30 bln vs CapitalIQ consensus of $48.20 bln.<br \/>\n&#8212;&#8211; Stock turns up $20 on this and futures scream higher (200 pt on DJIA and approx 250 pts on NAZ from A\/H lows<\/p>\n<p><strong>Commodities<\/strong><br \/>\n&#8211; More crazy moves &#8211; Nickel<\/p>\n<p style=\"text-align: center;\"><a href=\"https:\/\/www.dhunplugged.com\" class=\"su-button su-button-style-default\" style=\"color:#FFFFFF;background-color:#2D89EF;border-color:#246ec0;border-radius:5px;-moz-border-radius:5px;-webkit-border-radius:5px\" target=\"_self\" rel=\"noopener\"> <strong>Nickel Squeeze<\/strong><\/a><\/p>\n<p><strong>Biden Approval Rating &#8211; Year 1<\/strong><\/p>\n<p style=\"text-align: center;\"><a href=\"https:\/\/www.dhunplugged.com\" class=\"su-button su-button-style-default\" style=\"color:#FFFFFF;background-color:#2D89EF;border-color:#246ec0;border-radius:5px;-moz-border-radius:5px;-webkit-border-radius:5px\" target=\"_self\" rel=\"noopener\"> <strong>Biden Approval Compared<\/strong><\/a>\n<\/p>\n<p><strong>AMAZON &#8211; HUH?<\/strong><br \/>\n&#8211; Amazon is opening a clothing store in the physical world.<br \/>\n&#8211; The first Amazon Style store, located in the Los Angeles suburb of Glendale, Calif., will open its doors later this year, the company announced Thursday.<br \/>\n&#8211; The store will feature women&#8217;s and men&#8217;s apparel, shoes, and accessories from a mix of well-known and emerging brands, with prices catering to a wide range of shoppers.<br \/>\n&#8211; Shoppers will rely heavily on their smartphone in order to browse the store.<br \/>\n&#8211; In the fitting rooms, Amazon has added touchscreen displays, which shoppers can use to rate items or request different styles or sizes to be delivered to their fitting room.<\/p>\n<p><strong>\u00a0<\/strong><strong>Coin Segment<\/strong><br \/>\n&#8211; Dave Ackerman who provides some of the coin news: &#8220;Bitcoin price fell sharply over the weekend so you should <b>BUY THE FREAKIN\u2019 DIP!!!!!!!<\/b>&#8220;<br \/>\n&#8211; History This Month &#8211; Bitcoin history was made in January of 2011 when three people each bought 4 Bitcoin at a rate of $100 trillion Zimbabwean dollars, the largest ever single numeric value traded for Bitcoin.<br \/>\n&#8211; Problems with the Solanoa coin\/network caused all sort of problems for many holders\/users<br \/>\n&#8211; Crypto crash over weekend erases more than $1 trillion (not uncorrelated and not inflation protection and not a good store of value)<br \/>\n&#8211; Perhaps why drop? &#8211; The <b> Federal Reserve Bank <\/b>dropped a new central bank digital currency white paper last week, hinting that a CBDC could compete with \u201cprivate digital money\u201d.<br \/>\n&#8211; Microstrategy&#8217;s Michael Saylor at it again &#8211; Huge Bitcoin holdings on company&#8217;s books. Just tried to play with accounting and use bitcoin impairment charges in the non-GAAP measures. Stock down 24% last week and 60% from high (nice strategy brah!)<br \/>\n&#8211; Last week &#8211; Russia&#8217;s central bank on Thursday proposed banning the use and mining of cryptocurrencies on Russian territory, citing threats to financial stability, citizens&#8217; well-being and its monetary policy sovereignty.<\/p>\n<p><strong>More Coin<\/strong><br \/>\n&#8211; Los Angeles Rams wide receiver Odell Beckham Jr. made headlines last November when he announced he would be converting his 2021 salary into bitcoin<br \/>\n&#8211; PROBLEM &#8211; November 12th he did the conversion and now the price is down 45%.<br \/>\n&#8211; After tax, federal and state, and loss, the salary is worth $35,000 (approx)<br \/>\n&#8211; HERE IS THE QUESTION &#8211; Why are the Crytro Bros always bragging that this athlete or actor\/star chose to take their salary in bitcoin &#8211; WHAT ????? Notoriously athletes and actors are the worst with investments and money&#8230;.<\/p>\n<p><strong>Angels&#8217; Envy Rye &#8211; Tasting<\/strong><br \/>\n&#8211; Thanks to Hans, Franny, Dodge, Aaron, Maui, others for helping us out with kind donations for this event and the show&#8230;<\/p>\n<\/p>\n<hr \/>\n<p><strong>420 Stocks &#8230;<br \/>\n<\/strong><\/p>\n<h3 style=\"text-align: center;\"><a href=\"http:\/\/bit.ly\/DHPotStocks\" target=\"_blank\" rel=\"noopener noreferrer\">CLICK for list of &#8220;Pot Stocks&#8221;<\/a><\/h3>\n<p>Stocks to watch: CGC, STZ, TLRY, CRON, MJ, NBEV<\/p>\n<\/p>\n<hr \/>\n<h4 style=\"text-align: center;\">Love the Show?<br \/>\nThen how about a Donation?<\/h4>\n<p><\/p>\n<hr \/>\n<h3 style=\"text-align: center;\"><strong><\/strong><strong><a href=\"https:\/\/www.dhunplugged.com\/CTP\/dh-ctp-cup-final-2021\/\">THE WINNER<br \/>\nDHUnplugged &#8211; CTP CUP 2021<\/a><\/strong><\/h3>\n<p style=\"text-align: center;\"><strong>*** NEW INTERACTIVE CHARTS ***<\/strong><\/p>\n<h5 style=\"text-align: center;\"><strong>Winners will be getting great stuff like the new DHUnplugged Shirts (Designed by Jimbo) &#8211;<br \/>\nPLUS a one-of-a-kind DHUnplugged CTP Winner&#8217;s certificate..<br \/>\n<\/strong><\/h5>\n<p style=\"text-align: center;\"><a href=\"http:\/\/tradingview.go2cloud.org\/aff_c?offer_id=2&amp;aff_id=2430&amp;source=DHCTP\"><strong>CLICK HERE FOR MORE CHARTS ON TRADING VIEW<\/strong><\/a><\/p>\n<hr \/>\n<p style=\"text-align: left;\"><strong>UPDATE<\/strong> &#8211; NEW ETF &#8211; Global X Millennials Thematic ETF Challenge!<\/p>\n<p style=\"text-align: left;\">The top holdings of Global X Millennials Thematic ETF (MILN) include stocks many investors would expect, such as <strong>Facebook<\/strong>, <strong>LinkedIn<\/strong> and <strong>Amazon<\/strong>, which take advantage of the tech tendencies of millennials. But some names might be more surprising like real estate investment trusts <strong>AvalonBay Communities<\/strong> and Equity <strong>Residential<\/strong>, and <strong>Home Depot<\/strong>, which could benefit from millennials moving out of the home of their parents.<\/p>\n<p style=\"text-align: left;\">We are creating the <a href=\"https:\/\/www.dhunplugged.com\/dhoci-index-tracking\/\"><strong>DH Old Codger Index Portfolio<\/strong><\/a> to compete against this new ETF to see how &#8220;old school&#8221; stocks do in comparison. Companies in our index will include:<em> (updated names as of 8\/29\/16)<\/em><\/p>\n<p style=\"text-align: left;\">We have the performance summary running (daily and since inception of 5\/6\/16) &#8211; <strong><a href=\"https:\/\/www.dhunplugged.com\/dhoci-index-tracking\/\">DHOCI vs. Millennials ETF Battle<\/a><\/strong><\/p>\n<hr \/>\n<p><strong>LIMERICKS<\/strong><\/p>\n<p><strong>JCD Score ()<\/strong><\/p>\n<\/p>\n<hr \/>\n<p style=\"text-align: center;\">See this week\u2019s stock picks <a href=\"https:\/\/www.dhunplugged.com\/stock-page\/\"><strong>HERE<\/strong><\/a><\/p>\n<hr \/>\n<p style=\"text-align: center;\"><a href=\"http:\/\/twitter.com\/THErealDVORAK\"><strong>Follow John C. Dvorak on Twitter<\/strong><\/a><\/p>\n<p style=\"text-align: center;\"><a href=\"http:\/\/twitter.com\/andrewhorowitz\"><strong>Follow Andrew Horowitz on Twitter<\/strong><\/a><\/p>\n<hr \/>\n","protected":false},"author":1,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"_et_pb_use_builder":"","_et_pb_old_content":"","_et_gb_content_width":"","footnotes":""},"categories":[272,12,28],"tags":[271],"class_list":["post-55108","post","type-post","status-publish","format-standard","hentry","category-dh-unplugged-media","category-markets","category-media","tag-dh-unplugged","et-doesnt-have-format-content","et_post_format-et-post-format-standard"],"acf":[],"_links":{"self":[{"href":"https:\/\/thedisciplinedinvestor.com\/blog\/wp-json\/wp\/v2\/posts\/55108","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/thedisciplinedinvestor.com\/blog\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/thedisciplinedinvestor.com\/blog\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/thedisciplinedinvestor.com\/blog\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/thedisciplinedinvestor.com\/blog\/wp-json\/wp\/v2\/comments?post=55108"}],"version-history":[{"count":0,"href":"https:\/\/thedisciplinedinvestor.com\/blog\/wp-json\/wp\/v2\/posts\/55108\/revisions"}],"wp:attachment":[{"href":"https:\/\/thedisciplinedinvestor.com\/blog\/wp-json\/wp\/v2\/media?parent=55108"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/thedisciplinedinvestor.com\/blog\/wp-json\/wp\/v2\/categories?post=55108"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/thedisciplinedinvestor.com\/blog\/wp-json\/wp\/v2\/tags?post=55108"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}