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All right, today's video will be a special video. In this video, we'll be focused talking directly to any stock market bears because this is going to be a very important message for you. And I want to start this out by simply just going back quickly to April 7th when I called for a market bottom. I made it very clear we were going to get a V-shaped recovery off of that bottom.
And then after April 7th, 2 days later, we had an extremely powerful rally off of the bottom and started that V-shaped recovery. And then after that very impulsive rally, we started to pull back. And I made another prediction on April 10th that we were very likely going back to brand new all-time highs this year.
And the bottom for the stock market was in. So you could go back to April 7th and you could go back to April 10th when I made those calls and I told you what I was expecting from the bottom in the market. And now you can fast forward to today. And I want to make a very important point today because if you pay attention to what I'm saying, you are going to be very well prepared for the rest of the year.
And if you are a stock market bear, this video is going to save you a lot of money and a lot of pain. So the first thing I want to remind you is that yes, I do believe with a very strong degree of confidence, which I'm going to explain why I believe this, that the stock market is going to make a brand new all-time high this year.
When I say the stock market, I am talking about the S&P 500 index, not necessarily some meme stock or crypto shitcoin that you are currently investing in. The stock market is the S&P 500 and or the NASDAQ 100. And that is what I am talking about when I say we are going to a brand new all-time high. So, first things first, there is a pullback that I've been talking about and I strongly believe we are going to see this pullback and it is specifically focused while the triple Q's are below 522 to come down towards 508 and possibly even dip down into the 490s.
Now, what I want you to be aware of is after that pullback, I think we are going to a brand new all-time high. So, it doesn't matter how deep that pullback goes. from that pullback. That is more than likely going to be another higher low in this stock market before we go on a continuation of this bull rally to a brand new all-time high.
Now, I'm going to tell you why I believe this is the case and you can take it or leave it. But this is an important lesson you need to understand because if we do not get this pullback that I am predicting, you cannot just blindly short this market hoping it goes lower when it is indeed trying to go higher to a brand new all-time high.
So how I want to illustrate this point is very simple and the first thing we are going to do is we are going to look at the ETF EWC which is the ETF for the Canada index fund and if I switch this over to a weekly chart you can see that this ETF has already broken out for a brand new all-time high for 2 weeks now.
So, in the country of Canada, they have their own stock market, and this is the ETF that represents it. And it has done a V-shaped recovery off of the April 7th low, and it has gone up in a straight line to a brand new all-time high. And if I go to the daily chart, you can see it did that with next to no pullbacks along the way.
So, there is a situation and a scenario where the pullback that I am looking for in the triple Q's does not actually occur. And in that case, we're not going to get the pullback that I'm looking for. And that will be a losing short trade and we are just going straight higher without any significant pullback.
So with that being said, if we start breaking out to new highs above 522, you cannot assume that that short trade is still a good trade because we could just continue to go higher. So keep that in mind. And I also want to show you the EWG, which is the ETF for the Germany index fund. And once more, you are going to see the same story where the German index fund just went straight higher with next to no pullbacks off of that April 7th bottom and it just V-shaped out of the hole to a brand new all-time high.
So, there are index funds of other countries that are already at all-time highs and they got there with next to no pullbacks. So, you're probably sitting there thinking, why is Canada and why is Germany at all-time highs and the United States is not? And many people will tell you that it's Jerome Powell's fault.
I will not say that, but many people will. And it has a lot to do with how currencies and stock markets are manipulated by the Federal Reserve and how they manipulate rates around how money is borrowed. And the multiples of the stock market depend on a lot of these rates, which is extremely evident in the bond market right now.
But today, we are not going to talk about the bond market. But if you understand the bond market, you should know exactly what I am talking about on why we are not yet at an all-time high. Now, with that being said, Jerome Powell is not being expected to lower rates even in June. So, it could take a lot longer to get to all-time highs, and it could take us all the way out to closer into September or October.
So, all I want you to be aware of is that the stock market is more than likely going to all-time highs. And a pullback is not a guarantee. Even though I do think it is tradable here, it doesn't guarantee we have to go lower. And you do not want to be a stock market bear who is just getting destroyed by a bull market.
Bull markets like to go higher. It is much easier to buy dips. Do not let anybody influence you, including myself, to short a bull market. It is not required. You can simply go to cash and buy dips or we may not even get sizable dips or pullbacks worth buying and you may miss the rest of the rally. But that is just something you have to be comfortable with.
Once you make a trade plan, make sure you follow it. So, I want to make this loud and clear. The stock market is more than likely going to a brand new all-time high. We have many reasons to believe so. How long it takes, in my opinion, is up for debate. I do think it's not going to happen this week or next week.
I even do think it could take all the way out into July, August, or September. But that does not mean I'm going to be correct. So, always manage risk. If you are shorting this market, you need to manage risk. And you cannot continue to dollar cost average down on short positions in a bull market. You will lose your ass.
you will lose your money if you are doing reckless behavior like shorting a bull market, especially if you just continue to average down on that position hoping to eventually be correct. So, I want to make that loud and clear because yes, I do think the stock market is pulling back, but if I am wrong, you should not continue to average down on a losing trade, especially when you're shorting a bull trend.
It's a bull trend until it's not. And just so you can see that everything I said is exactly how we traded in TSC trade alerts. We are currently up 15.92%. And we are absolutely crushing this market which is still flat year to date and hasn't made any money for any investors. We are up nearly 16%. All of my members of TSC trade alerts that are following my buy and sell alerts are having this exact same performance where you get the exact buy and sell alerts for the percent allocations of the TEQ or the SQ.
This is the advantage of being an unbiased price action trader, taking advantage of market volatility and absolutely crushing this market. e video or the comment section. So that's the message for today. I still think we're getting the pullback, but obviously I could be wrong. So manage risk accordingly.
And do keep in mind what I showed you with Canada and Germany already vshaping to all-time highs without any sizable pullbacks along the way.
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