Heat Wave Bullseye Hits Southern California

I’ve been watching heat waves make their way across the US- from the Midwest, then northeast/east coast areas.  I feared it was only a matter of time before the flame lottery lot went to the Southwest/west coast. The news folks forecast confirmed the impending heatwave for the west to arrive after the 4th of July into the weekend.

Despite that forecast, it was hard to believe since the weather in San Diego earlier this week was near perfect, as it usually is with warm days and cool nights. The weather folks get rain forecasts wrong often, perhaps they were erring here as well?

Unfortunately, they were in the correct zone as we hit later in the week, literally just a day after the nice temps on the 4th, the temp starting jumping rapidly from the 70’s to the mid/upper 80’s. Then on Friday this happened:

 

Heat Miser and his Scorch Troops before the Southwest heat wave Invasion:

 

Friday unleashed the fire zone bullseye:

 

 

Cast your eyes to the lower left, showing So Cal and Az in the heat zone epicenter. 🔥 🔥 🔥  Solid triple digits in many areas, temp records getting broken for this time of year.  The cool nights of the mid 60’s got swapped with sultry nights of upper 80’s.  Heat Miser got us with precision targeting. As they say in Star Trek vernacular: “Direct hit Scotty!” 🎯

Yup, this is what we have for the weekend and beyond for the next several days. 🌡️🔥☀️

It feels like a blast furnace outside- way too hot, even for the beach. Fortunately the weather in this area is typically decent and aberrations like this don’t last long.

 

 

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Why I Live in San Diego

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I’ve never been a big fan of cold weather, having grown up and attended school in cold/snow zones. There has been some unseasonably cold temps in California the last couple of weeks thanks to the jet stream bringing arctic air so far south, but this week has seen a nice pay back with So Cal having some unseasonably warm temps of 75+ degrees these last two days. Today it hit 80 in San Diego. Sure, it’s an anomaly that will fade fast just like those freak warmer temps in the northeast and we’ll be headed back to the 50’s/60’s and lower, but it was a great break from the colder temps that invaded last week.

 

 

Week of Miscellaneous Updates

Today is Friday the 13th for the superstitious among us….

There were three winners to the Powerball Lottery Jackpot on Wednesday 2/11, which climbed up to a decent $564 million prize due to all the additional buying by folks who don’t normally play. When the prize amount reaches true odds, I’ll get a ticket.

One of the winners is a mother who had to quit her job to care for her kids. Nice to see someone win who can really use the money. Hopefully she avoids the excesses of newfound wealth that has ruined other big winners that are filed under “lottery curse”. She sounds like she has a good head on her shoulders, but she’s already made what could be considered a mistake – revealing herself to the public. Now she will be besieged by that many more folks for a slice of the lottery pie winnings.

It must be a surreal feeling to wake up one day and find yourself a multi, mutli millionaire. Any concerns you had about money instantly evaporate, and you are left with lots of interesting choices going forward.

 

The weather this year has been a tale of East and West, with the eastern States suffering under brutally cold temps while the western States enjoy an above average mild winter weather.

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I was checking the temps of Boston and New York – both below freezing and going as low as single digits with many areas outsides the cities going into negative temps without even factoring wind-chill. The few weeks I was there was more than enough for me.

Meanwhile, it’s been in the mid 80’s during the day in Cali, with temps about 20 degrees higher than normal. It feels like summer. The only difference between now and “real” summer is the temps drop fast at night and the mornings can be brisk.

Part of me absolutely loves this extra warm spell we’re having, but there is a dark side to this weather pattern as well. Nice weather means less to no rain, which makes the multi year drought situation worse. One side of the country is getting too much precipitation and the other side not enough.

The trading week has been quite eventful. In a way, it was a rotten week in trading thanks to my own mistakes, but it was a great week thanks to the results of analyzing those mistakes.

I’m learning that new abilities lead to over confidence, which leads to making unforced errors….although this lesson isn’t new. It’s just shows up from time to time as a refresher to keep the ego in check.

I’m also realizing the continued huge benefit of after market analysis. For anyone who truly wants to learn how to read and trade the markets, there is no substitute for carefully analyzing all of one’s trades at the end of the day when all the market data is in. At the end of the day, you have the full answer key to compare to one’s actions during the day. Figuring out where the errors were made and what could have been improved on is what gets your brain in problem solving mode. It may take a while, a long while, but eventually your subconscious starts processing answers.

The results of this week’s analysis has led to another clearer understanding of market behavior that will be a big help in taking trades more often with recognizing more daily trading  as well as long term investing set ups.

The market reached new all time highs today, and the old me would have been affected by the seemingly contradictory market climb vs sluggish factors of the economy. Now where the market is doesn’t affect me at all nor does any economic forecasts. All I see is market movement and the battle between support and resistance.