middaymomentum.com Open in urlscan Pro
52.21.173.15  Public Scan

Form analysis
2 forms found in the DOM

GET /

<form action="/" role="search" method="get" class="form search-form disabled clearfix" id="headerSearchForm">
  <input name="s" type="text" class="form-control form-control-lg" placeholder="Search...">
  <button type="submit" value="Search" class="btn" disabled="">Go</button>
</form>

POST https://middaymomentum.com/wp-comments-post.php

<form action="https://middaymomentum.com/wp-comments-post.php" method="post" id="commentform" class="comment-form" novalidate="">
  <p class="comment-notes"><span id="email-notes">Your email address will not be published.</span> <span class="required-field-message" aria-hidden="true">Required fields are marked <span class="required" aria-hidden="true">*</span></span></p>
  <p class="comment-form-comment"><label for="comment">Comment <span class="required" aria-hidden="true">*</span></label> <textarea id="comment" name="comment" cols="45" rows="8" maxlength="65525" required=""></textarea></p>
  <p class="comment-form-author"><label for="author">Name</label> <input id="author" name="author" type="text" value="" size="30" maxlength="245"></p>
  <p class="comment-form-email"><label for="email">Email</label> <input id="email" name="email" type="email" value="" size="30" maxlength="100" aria-describedby="email-notes"></p>
  <p class="comment-form-url"><label for="url">Website</label> <input id="url" name="url" type="url" value="" size="30" maxlength="200"></p>
  <p class="comment-form-cookies-consent"><input id="wp-comment-cookies-consent" name="wp-comment-cookies-consent" type="checkbox" value="yes"> <label for="wp-comment-cookies-consent">Save my name, email, and website in this browser for the next time
      I comment.</label></p>
  <p class="form-submit"><input name="submit" type="submit" id="submit" class="submit" value="Post Comment"> <input type="hidden" name="comment_post_ID" value="36541" id="comment_post_ID">
    <input type="hidden" name="comment_parent" id="comment_parent" value="0">
  </p>
  <p style="display: none;"><input type="hidden" id="akismet_comment_nonce" name="akismet_comment_nonce" value="f70d1729ff"></p>
  <p style="display: none !important;"><label>Δ<textarea name="ak_hp_textarea" cols="45" rows="8" maxlength="100"></textarea></label><input type="hidden" id="ak_js_1" name="ak_js" value="1661293653273">
    <script>
      document.getElementById("ak_js_1").setAttribute("value", (new Date()).getTime());
    </script>
  </p>
</form>

Text Content

 * About Garrett Baldwin
 * Archives
 * Replays

Go


A SEPTEMBER TO NOT REMEMBER

It’s Day Three of the diet… and Day Eight without the rum.

And I’m sitting in this little incomplete Gazebo that will soon become a
greenhouse on the back of my property. For the life of me, I can’t understand
why these markets remain elevated.

Well… I do. That’s my job. Momentum is green, markets have rallied from oversold
conditions… and the FOMO mentality of 2020 has not left this market.

But if we look at what is happening right now in the markets — and the world –
there are a wealth of flashpoints that could create chaos come September.

If I fall off the wagon to forget what’s coming… I’ll have this Flashpoint List.

Flashpoint Central

The economy is not the market… and the market is not the economy…

That’s how you can be in a recession, and the S&P 500 rallies to 4,200.

But let’s look at the flashpoints around the globe that could stoke problems for
YOUR money.

Start here in the U.S. As I’ve noted, people are celebrating the fact that
people with the least amount of disposable income and barely a high school
education think that inflation will come down. That’s not how this should work.
It’s clear to me that inflation will run hot well into the future, and the
supply crunch in the oil sector is the key reason.

The CPI number should come in high again tomorrow, even if it’s under the
expected 8.7%… it’s still ABOVE 8%. It is going to take years for the Fed to get
inflation under control, and we’ll have to go above 5% on the Funds rate at some
point. It’s evitable… and people have their heads in the sand to think
otherwise.

Next, China is experiencing a dramatic revolution in housing. People have
stopped paying their mortgages, which threatens to topple the nation’s property
markets once and for all.

In Britain, residents have quit paying their gas bills in protest of high
prices. Naturally, people don’t understand how or why prices are so high (thanks
to the government and misguided Green policies). This threatens the nation’s
natural gas supplies ahead of the winter.

In Brazil, President Bolsonaro has called for people to take to the streets and
protest… the upcoming election. He has argued that the election is rigged, and
he refuses to leave power. So, we may see a revolution or worse in Brazil. Keep
in mind that Brazilian bonds are a major holding in pensions and other
institutions that are seeking income. This could be a total disaster after we
saw a complete collapse of Russian bonds earlier this year.

Energy prices remain muted right now. But the White House will need to stop
releasing oil reserves in the coming months. We won’t be able to rig the
front-month contract any longer, and oil prices could push back above $100.

The Fed, still behind the curve, is trying to combat inflation. It’s also
expected to ramp up its balance sheet tightening in the month ahead…

Those are just five flashpoints… FIVE. And there are at least 15 more…

We’ll discuss the full list today.

Today’s Momentum Reading

MOMENTUM INDICATOR

The World’s Biggest Trade.

Broad Market: Green

S&P 500: Green

Recap: Momentum is Green. That said, markets are selling a bit today ahead of
Wednesday’s official CPI number. As I’ve noted, I expect a number that will come
in a bit higher than expectations due to higher housing and rent figures.

Three Things I’m Watching

 1. Inflation What: One of the grand comedies of the Inflation Reduction Act is
    the fact that the media has already stopped referring to the potential law
    by its name. It has nothing to do with reducing inflation. Instead, it’s a
    giant grab bag of subsidies and tax hikes to suit progressive interests.
    It’s basically the “Green New Deal” just with another ribbon on it. It will
    reduce inflation in the same way that government involvement in the
    healthcare sector only raised prices after the “Affordable Healthcare Act.”
    Want to know how long ago I predicted this bill’s insanity? I released a
    novel about it… in December 2016. If you want to know what happens next,
    read the book. It’s available on Kindle as well as in print.
 2. Deal Time: I keep telling investors to take advantage of low prices in
    various energy and commodity markets. I’m talking about cheap companies.
    According to the Wall Street Journal, there could soon be a huge surge of
    M&A in the global mining space. Today, the paper highlighted that BHP Group
    (BHP) has made an offer for copper miner OZ Minerals (OZL). The latter
    turned down the offer… but we expect BHP to return with another deal.
    Yesterday, I highlighted this situation in the World’s Biggest Trade and
    purchased a small Canadian copper mining company trading for 72 cents on the
    dollar. The company topped earnings expectations last night, and the stock
    has popped as much as 6% today. I think the upside on this stock could be
    another 20% to 25%.
 3. Earnings Miss: I was stunned by the huge earnings miss by Vertex Energy
    (VTNR), a specialty refinery. The company reported a net loss of $63.8
    million and a big miss on commodity derivatives. This significant decline
    intrigues me because it’s trading at nearly 50% off. But I don’t advise
    anyone to try to buy the dip right now. There could be a lot of problems for
    refineries in the fall, especially as spreads start to narrow.

Hot Long Shot

There’s been a big breakdown today in the semiconductor space. If this market
rolls over because of a higher CPI figure, then it’s worth taking a shot at the
Daily Semiconductor Bull 3x Shares (SOXL). Next Friday, the August 19, 2022 $16
put is under $0.60. The probability of profit is just 18%, so remember that this
is a long shot.



WHAT YOU MISSED

Every Monday, I get together with the World’s Biggest Trade members for an hour
or so to run through our portfolio.

Yesterday we used a bit of the extended session to look at five essential
indicators used to measure momentum. They are the Relative Strength Index (RSI),
Money Flow Index (MFI), Moving Average Convergence Divergence (MACD), Average
Directional Movement Index (ADX), and the Ultimate Oscillator (UO).

We keep an eye on these metrics to identify strong momentum conditions and
possible breakout moments. Since this clip was being prepared to go into the
World’s Biggest Trade’slearning management system, where members can access it
for replays, I asked my team to provide a sneak peek for my Midday Momentum
readers.



A deep understanding of momentum will put us in a position to WIN more often
than not.

And that’s what we are here for, right?

I know I wake up each day with that goal in mind… to find a winner for the
World’s Biggest Trade and my Midday Momentum readers.

So if you haven’t signed up yet… What are you waiting for?

Start actively managing your money with me in the World’s Biggest Trade.

The World’s Biggest Show

It’s been awhile since the whole gang got together to talk about the state of
the market and how everyone has been faring so far this year.

So grab your drinks and snacks because this Thursday, August 11th, at 7 pm ET,
we are going live to see what’s up with the Money Morning LIVE crew.

I’ll be joined by Olivia Voz, Chris Johnson, Mark Sebastian, and Bobby Eight to
chat about what everyone sees as their top money-making ideas for the remainder
of the year. You can click here to reserve your spot.



It’s been an incredible year for us as a network, and our hosts have made so
many great calls that it’s almost impossible to count.

So let’s see what everyone has up their sleeves this Thursday evening.

I assure you this will be a memorable night and one that can help you make
money!

See you soon,


Garrett Baldwin



--------------------------------------------------------------------------------


COMMENTS


LEAVE A REPLY CANCEL REPLY

Your email address will not be published. Required fields are marked *

Comment *

Name

Email

Website

Save my name, email, and website in this browser for the next time I comment.





Δ


SIGN UP FOR TEXT ALERTS

Click below to sign up for text alerts from Garrett! Sign up here!


TRENDING

 * Post
   
   FOOD FOR THOUGHT

 * Post
   
   MOTHER RETURNS HOME SOONER THAN EXPECTED

 * Post
   
   HIGHLIGHTS FROM THE DESK OF GARRETT BALDWIN (WEEK OF AUG 12, 2022)

 * Post
   
   OPTIONS EXPIRE BUT PROFIT OPPORTUNITIES DON’T

 * Post
   
   WHEN THE LEVEE BREAKS

Published
August 09 2022
by Garrett Baldwin
3shares
 * 
 * 
 * 
 * 
 * 
 * 

 * About Garrett Baldwin
 * Replays
 * Text Alerts


LEGAL

 * Privacy Policy
 * Terms and Conditions
 * Do Not Sell My Info
 * Whitelist Us

Contact Customer Service:
Call 1.888.384.8339
Submit Contact Form 1125 N Charles Street
Baltimore, MD, 21201 USA