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.