Thoughts for 2023 week 13

  • The market is in a 5 month balance
  • Most gaps get filled in time
  • Keep this in mind when we we have gap openings

 

Thoughts for 2023 week 5

  • Lets try to be as objective as possible
  • On the big picture we broke the downtrend which dominated 2022
  • We try to establish an uptrend and were able to create a nice higher low
  • On a day to day basis it looks a little more fragile but also ok
  • We have the fed on wednesday
  • We have the highlights of the q4 numbers with aapl, amzn, and googl on thursday after market close
  • Expect a highly volatile week
  • Get the size of longer term positions right and leave your fingers away from these positions. Do not get shaken in and out from the volatility
  • Trade intraday
 
  • Anything can happen the next weeks
  • We can roll over and go to new lows
  • We can leave the lows behind and go in direction to alltime highs
  • And door no 3: We can balance around

Stay objective. Do not listen to the media.