Jan 30, 2022 • 3M

Market Thoughts - 1/30/2022

Open in playerListen on);

Appears in this episode

Nick Conn
Bringing you insight on technology, crypto, and stock market investments.
Episode details

Hello Investors,

I wanted to shoot you a little update on some market trends and news that caught my eye. Keep in mind these are subject to change every day. The financial markets are very over-reactive. Any slight news can destroy the thoughts here.

Market Recap

Wall street, and financial markets in general, were stuck in a weird range this week. Generally and technically speaking, the markets battled with a big earnings week and geopolitical turmoil. What could make the weak even more choppy? The FOMC meeting added in of course.

Two of the biggest top gainers of the S&P 500 were Visa and MasterCard. Apple exceeded their expected earnings, which let’s be honest we aren’t surprised. As if we already didn’t know, incredible company and even better balance sheet.

Week Ahead

The Labor department is reporting numbers this week, while the White House has already alerted to expect lower, putting the blame on omicron.

Last week was a big earnings week, but we have more this week. This will be a big week for the major players.

  1. Google - Tuesday

  2. Amazon - Tuesday

  3. Meta (Facebook) - Wednesday

  4. Ford - Thursday

  5. Starbucks - Tuesday

  6. AMD - Tuesday

  7. PayPal - Tuesday

As of this writing, Sunday futures have not been released yet. Sunday futures will come out in the evening. You can check on FinViz later on today.

Crypto Recap

Bitcoin has seen 50% drops four times in four years. This is a feature, not a bug. The volatility can make you rich if you keep your emotions on the sidelines. This is hard to stomach when you are playing alt coins. The rule of thumb; when Bitcoin drops 1%, alts usually drop 2%.

We have found what looks to be a bottom around 35,000. I like this level, but I will remain bearish, from a trend standpoint, until we get closer to the Daily 200EMA (green indicator on the graph).

There has been a fairly big increase in whale buying over the past week. At these prices, I bought more too.

I am out of the office this week. Have a good week and let’s make some money.

Latest News

Apple's stock racks up biggest one-day gain since July 2020. Read More

Chevron kicks off oil industry's Q4 results with a miss. Read More

The Unhosted Crypto Wallet Rule Is Back. Read More

Market Wrap: Bitcoin Stalls Below $40K, Analysts Point to Risks in DeFi. Read More


  1. Coinbase - Know someone curious about crypto? You’ll both receive $10 in Bitcoin when they buy or sell $100 or more on Coinbase!

  2. Hacking the Twitter Algorithm - Your first step solution to growing your Twitter account.

  3. Index Fund Investing 101 - Learn how to index completely autonomous in the stock market.

  4. DeFi Cultivator - This set of videos will go through a few core concepts along with demos of swaps, liquidity pools, farms, and more.

  5. Too Much Money - This guide takes you step-by-step through the way I personally invest for dividend growth. It works the same way whether you have $100 or $100,000 dollars making this an approachable book for growing your income.

  6. How You Can Reach Financial Independence In 5-10 Years! - Route2Fi is going to show you the steps he is taking to reach financial independence, and now he is going to teach you to do the same!

You are receiving this letter because you signed up or purchased a course through me. Feel free to unsubscribe if you do not find this valuable.

Nothing in this email is intended to be financial advice. Always do your own research.