Market Outlook 08-Jan-2023
Primary Watchlist Updates, Metals Seasonality & Setup, New Enhanced Volume Indicator, Attractive Long-Term Trend Setups
Good afternoon investors and traders,
I have another long post today, which I hope brings you value.
Today I’ll go over the following:
Watchlist Updates (Some great charts added)
Metals - Seasonality & Setup (is it too late to join in the rally? See below)
New Enhanced Volume Indicator (This will correct for massive FED money printing)
Attractive Long-Term Setups
Major ETFs
Primary Watchlist Updates
To start the year, the most vital sectors have been:
Communication Services (+4.8%)
Basic Materials (+3.5%)
Finance (+3.5%)
Industrials (+2.8%)
One week does not make a trend, but I will monitor the Sectors to see if Communication Services continues its recent hot streak. I have two stocks in the watchlist from that sector (DIS & NFLX).
Additionally, I have three stocks from the Technology sector on the watchlist. Last week I indicated I wanted to avoid this sector. So today, I’ll be doing some shuffling of the watchlist.
Current List (sector)
Keep reading with a 7-day free trial
Subscribe to Charts For Freedom to keep reading this post and get 7 days of free access to the full post archives.