The market seems to be improving. Powell had his remarks in Sweden and briefly spoke about the apolitical role of the FED avoiding any hints about the monetary policy. Investors seem to take it as the FED is trying to stay neutral advertising possible pauses in hikes. It seems, he didn’t want to say Continue reading →

  This is still a suckers’ market. Big rally in the morning that was sold in the afternoon. All in CPI and FED’s expectations. Everyone knows what is going to happen, yet everyone freaks out. But from the technical perspective, the market hit resistance and sold off from there. On the chart below, we can Continue reading →

  Institutional investors are still on vacation and will return to the markets next week. That means retail investors drive this market and spook themselves easily with every market move. It could be seen in today’s market price action. A relatively big move early in the morning before FED’s meeting minutes were published, and selloff Continue reading →

  Another sleepy day. We received labor data this morning indicating a strong labor market. That rocked the market, and investors panicked again, thinking that the FED would go amock and raise the rates more, higher, longer, and indefinitely. But they forget that the FED has its hands tight already unless they want to crash Continue reading →

  The market responded to bad data as forecasted with sharp selling in the morning, but it managed to recover almost all losses by the end of the session. This is the same choppy behavior as we saw last week:     The market is still indecisive and going sideways. That is good unless the Continue reading →

  The year 2022 ended lower and in a recession-fear mode, but we have already started seeing some analysts turning bullish, saying we have seen the lows. Have we? Or are we heading lower in 2023? The economy is still strong and resilient to fallout. The labor market is seeing some layoffs, but unemployment is Continue reading →

  Last day of the 2022 year. It was a horrible year. But I must say, I was able to navigate it relatively well. Although I decided to roll the trades and not close them for a loss, I managed to stay positive and grow the accounts. The only problem is that many of these Continue reading →

  Yesterday, everyone was panicking about the inevitable recession, today, after we received jobless claims showing more people asking for unemployment support, everyone was no longer afraid of a recession, and the markets erased yesterday’s losses. This is a type of market that is hard to predict and expect. And subsequently hard to trade.   Continue reading →

  We had another selloff based on no news, just recession fears. Since most people working on Wall Street are on vacation, this selling is mostly retail. That could be good as it may spark a rally in January.     However, the problem we are seeing is that the market is breaking below its Continue reading →