DAR Portfolios 5/2: Slowly Then All At Once
Wrapping up another strong week off the lows our portfolios continue to inch up. I doubt any real faith in the market will return until at least 100k BTC which is the obvious next target and then above that as we get to new all time highs.
We continue to see the narratives progressing with positive earnings in the equities market and labor market data to support it.
Next week is the date to watch with a fed meeting falling right on it. At this rate continuation over 100k seems like the most probable path to what could be a local top on that date. Otherwise, this is a strong trending market and we will be expecting no more than 2 day or 2 week pullbacks.
On the other hand, small caps have been very quiet so far while we wait for risk appetite to pick up. These are the times where it pays to position early, as we have, and sit tight.
“It never was my thinking that made the big money for me. It always was my sitting.” —Jesse Livermore
Thats where we are in this market today and by now you should have accumulated strong positions in our watchlists. By time others are ready to take risk we will be far in the green on our portfolios.
We added two AI tokens this week that could really get going as the market picks up. The other recent additions over the last couple weeks are also up nicely while our longer term positions are bouncing back strongly.
Next week I will have some very important reports around the exact timing and price range of this run and what it will mean for alts so stay tuned for that.