Transcription:

Hey, Dan Murphy here. Sometimes you hear motivation in the most unexpected places, and for me today, that was with “Gangsta Rap” of all things out there. You know what he was basically saying? “Stop complaining and blaming others. Get off your ass and get shit done.” The whole song is about that, I was really surprised. I never really listened to the lyrics before. Someone pointed that out to me. If you know any young people that listen to rap, I’ll link them to this video at the end.

It was great to hear that. I liked hearing someone who I don’t see as a role model was certainly coming out with a song. It was like “Hey, get off your ass and get shit done and don’t blame other people and try not to get a bunch of money from Uncle Sam.” Great to hear from a very unexpected source.

Let’s go ahead and talk about the markets, because what we are seeing here, I was telling my mentorship clients, I was saying, “You know what? This is like Bob Ross.” Remember Bob Ross, the painter with the big hair? He always talked about happy clouds. I used to watch him a lot in my college days. May he rest in peace, as he’s no longer with us.

What I was thinking when I was looking at this market, was how this was just like a cloud, slowly floating up. Happy clouds coming in up here, the problem is though most of the fuel has expended at this time in this market.

We do have a situation where we are starting to get into an interesting timeframe as we approach option expiration. While all the smart money, my Smart Money Indicator, it has not changed, it’s still bearish. Let’s go ahead and look at the chart, just in case you are new to this program, we have to know this is a long term timing model, not just short term squiggles or anything.
Here are the smart money indicator signals, and again it’s not going to catch all these moves in here. I do other trading systems for swing trading. This is all long term timing. Some of these signals have been over a year when it went short over here. This was over a year-long signal. Well, this is over yearlong bare market that’s probably why. This over here is not correct. I have to go to the daily chart.

This is something that’s not calculated on weekly charts usually. Want to show you the big picture view of this. We went short over there. So far the market is starting to go down in our favor but then started drifting the other way. That’s okay though. Again, this is all long term timing models. This indicator by itself would have saved investors trillions of dollars that they had lost in those massive bare markets.

Then remember what everyone did was they got tremendously bearish, then if I can go backwards in time here, most people were either too frightened to even attempt to get into some of these rallies we had in 2009.

This was two of the biggest back to back signals ever in the history of this indicator. It happened to be recalled real time by me. It’s not a perfect indicator. It doesn’t win every single time, but there is no such thing as a Holy Grail, but pretty darn good overall. That’s where we are at in the grand scheme of things, when it comes to Smart Money Indicator.

Basically the indicator is going to say that, okay, at this certain juncture, you have the smart money is shortening the market. That means that they would have to have sold to the dud money. What tends to happen, the future is not knowable. If the wrong players are holding, this is important, so listen up.
If the wrong players are holding the markets tend to fall really fast, big declines over time. It’s not fool proof or anything like that. Nothing really is in this world. That is why money management is so darn important. If you have a lot of bag holders, so to speak, holding near the top, then it does not take much of a informational event or news event to take down the market quickly.

I just bide my time, shorting the S & P 500, so that, for better or for worse, that’s just what we are doing. If there is any change in this, I’ll just go ahead and shoot over an e-mail for you. If you have not subscribed, then somewhere around this video there will be a link, and put your email address in, or probably on the home page so you’re immediately alerted to that event.

Just to go in full circle, and the reason why I led in with that little interesting introduction, and motivation really from the strangest of places, Gangsta Rap, they usually talk about bitches and ho’s, it’s because we are at the start of the New Year.

It’s 2012, and many people talk about, so goes January, so goes the rest of the year when it comes to the stock market. I don’t really put much credence into that whatsoever. There’s a lot more that goes behind the scenes.

In my life this is true, that’s why this year, I’ve busted my ass to get a whole lot of stuff done, and I would say the same thing to you. Get shit done.

Don’t wait around, because its just going to get there, do whatever you need to do, its probably just going to get worse and things accumulate. It’s better to just start doing it. The journey of a thousand miles starts with the first step. Get stuff done. You will be so much better off for it, whatever that happens to be. If it’s trading related, you can go ahead and use some of the tools I have to offer. Lots of videos on the site, I would encourage you to explore.

Just for fun, not everybody loves rap, I’m going to link you over and give it a listen.

I’ll see you next time.