Aug 26, 2024
On this week's
Stansberry Investor
Hour, Dan and Corey
welcome Greg Diamond back to the
show. Greg is a fellow analyst
at Stansberry Research and editor of the trading advisory
Ten
Stock Trader. With nearly two decades' worth of
experience trading and managing every
asset class, Greg is an expert
at technical analysis and interpreting market cycles.
Greg kicks things off by
reviewing the inflection points he predicted last time he was on
the
podcast. He explains what these
time cycles mean and how they've influenced his
trading
strategy this year. He also
discusses the upcoming presidential election and how crucial it
is
for investors to put aside
their biases. According to Greg, the market's wider
emotional
reactions to the election could
present some fantastic buying opportunities. (0:55)
Next, Greg breaks down famed
trader W.D. Gann's technical strategies into simple terms.
He
emphasizes that the "why" in
market cycles is not really important. What matters is
whether
history is repeating or not.
Greg warns of cycle inversions, however, and points out
that
many charts and algorithms in
technical analysis just reflect human emotion. Investors
will
naturally reach different
conclusions about the market, which creates volatility.
(17:03)
Finally, Greg talks about
short-term trading versus holding stocks for the long term.
He
shares that this presidential
election is the most excited he has been about trading
since
2022. Greg foresees "an
exceptional trading season" after a fairly boring start to the
year.
And he hammers home that
investors should be careful of increased volatility for the
next
few months and possibly even
the next few years. (39:41)