Jim Cramer and Jeff Marks held a July Monthly Meeting. They discussed stocks. They told people which ones to buy. Five names made the list.
The chart doesn't care.
Somewhere right now a retail trader is watching CNBC with a notebook. He's writing down ticker symbols. He's nodding along. He thinks this is research. He thinks because two men sat in chairs and said words into microphones that his odds just improved. They didn't.
Price moves first. News follows. Always has. Always will. The headline could've read "Cramer Recommends Sacrificing Goats to Mercury Retrograde" and it would've been just as useful for predicting where a stock closes tomorrow. Technical levels don't shift because someone had a meeting. Support doesn't care about your portfolio updates. Resistance doesn't watch cable.
But retail loves this stuff. Loves it. They'll buy on Monday morning. They'll chase the gap. They'll set a mental stop loss they'll never honor. Then they'll blame manipulation when the stock fills the gap and rolls over exactly where the 200-day moving average said it would three weeks ago.
The meeting happened in July. Monthly. That's the cadence. Once every four weeks these guys get together and tell you what to do with your money. You know what else happens monthly? Rent. Cell phone bills. Periods. None of those predict price action either.
Five names to buy. Could've been three. Could've been seven. The number doesn't matter. The timing doesn't matter. What matters is whether the setup was there before the meeting or after. Spoiler: if you're hearing about it after two guys talked about it on television, the setup already ran.
Enjoy holding those bags at resistance while Jim's already out.
Photo by Infrarate.com on Unsplash
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