This class paid tribute to Charlie Munger; we heard late yesterday that the investing legend had passed away just a few weeks before his 100th birthday. We discussed Charlie's impact upon Warren Buffett, who was a devotee of the Value Factor previously. With Charlie's help, Buffett started drifting more towards the Quality Factor. We ended class with three new swing trade ideas.
In today's class, we looked at the Market Forecast chart, the S&P 500 relative to its 20-day Hull MA, the weekly Heikin Ashi candles, the negative correlation between the VIX and VVIX and the RSP/CCI charts to determine the reliability of this move of the expectations of the next couple of weeks - similar to 2022.
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