An “Old as Dirt” Trading Tool That Just Plain Works

I love things that just plain work.

I have a Shadrack car-top ski rack by Allsop that cost me $40 brand new in 1986.

It’s just some nylon straps that don’t hurt the car’s paint, with some epoxy-coated hooks that grab onto the doorframe.  There are four sets of plastic ski holders attached to the nylon straps with ingeniously simple elastic ties that secure the skis.  I can install the rack and toss four sets of skis on it in 3-5 minutes. 

I wouldn’t trade it for any fancy $500 roof rack out there. (They quit making these 20 years ago – and I’ve really tried to find them.  So please let me know if you’ve found somewhere to buy an extra one…!)

Every time I put this wonderful gadget on the car, my wife has to endure a soliloquy where I extol its magnificent design. 

And why not? 

It makes something that should be a chore (mounting skis for a trip) into a sheer delight.

And I love trading tools that work this way too – turning tasks like finding extremes from being a labor into something simple and easy to execute.

Last Saturday, I spent some time in our 10-Minute Millionaire Weekender Video talking about how we buy stocks in a broad market that doesn’t give any significant pullbacks.

We looked at three very recent examples – two from my elite Stealth Profits Trader service, and our most recent recommendation here at The 10-Minute Millionaire.

Today, I want to dig a little deeper.

I want to show you how I used my single-most-used tool for identifying and confirming extremes on these trades.

How Far Can a Strong Market Continue to Climb?

“An object in motion tends to remain in motion until acted on by an outside force.”–Simplified version of Newton’s First Law

My Grandma Seymour was a gracious woman.

A Godly woman. A woman of exceptional beauty (often mistaken as my Mom’s sister – much to Mom’s chagrin…).

She was the quintessential southern matriarch.

She ruled our family, not so much from a position of authority (though she had that), but rather from a position of repeated wisdom and gentleness.

When I grow up, I want to be just like her.

When anyone stayed at Grandma’s house, they were awakened to an essential southern breakfast feast.

Scrambled eggs. Southern biscuits and sausage gravy (or red-eye gravy, if you preferred). At least three varieties of homemade jellies and jam. Homemade apple butter. Sausage patties. Tomatoes. Always tomatoes. And then – the star of the show – country ham.

If you don’t know country ham, you’re missing out on one of life’s delicacies. It may be my son’s single favorite food. It’s a salt and sugar cured ham – a close cousin of prosciutto though cut more thickly.

Here’s the reason I’m telling you about this extravaganza – this was the layout at every breakfast I had at Grandma’s house – ever. Even if it was just the two of us.

As I grew older and would go to see her by myself, I could have expected something different – something less expansive. But it wouldn’t matter what I expected. I got the whole feast.

If you stayed the night with Grandma – even when she was a spry 95-years-young – you got the full breakfast. Period. Why expect anything else?

But what does this have to do with the current U.S. markets or our journey together here at The 10-Minute Millionaire?

Well, a lot actually.

The markets are grinding merciless up.

And markets in a slow grind up typically stay in a slow grind up for longer than people expect.

Like wondering what’s for breakfast at my Grandma’s house – why expect anything different?

Yet tons of people keep expecting the markets to go down.

Some are even calling for a crash.

I’ve got another take.

Let’s look at it together

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