Monday Jan. 9th 2023

The market has continued to be a volatile beast that is seperating the experianced and disciplined traders from the unstructured with no plans....I am currently working on my way to the first option although i am not fullly there.

The lack of any real news in the Beginning of this week, boosted by the lower then expected job growth results from last week has prompted the market to go green starting last Friday 1/5/23 and continued into today 1/9/23 Monday.

The way I see it is this upward momentum will likely continue into tomorrow up to the $400 region. The lack of any news is a refreshing feeling for Investors and Jorome Powell said the Fed was watching the Job market Closely and they just reported a slower growth then expected (MoM) and (YoY).

Thursday 1/12/2023 :

The December 2022 Core CPI (Comsumer Price Idex) will be released at 8:30am along with the Initial Jobless Claims.

This will definetly move the market on Thursday. If it meets or Beats the expected rate of 6.5% YoY - and 0.0% (unchanged) MoM then the market will likely Rally. In My Opinion. We have until the Beginning of Febuarary before the FMOC comes back into play......

FRIDAY EARNINGS! Starts with Big Banks to kick off the big earnings realease starting!

In my personal opinion is that we are not done going down yet, But with that said i think it is likely some stocks will react positively even after less then great earningssimply because people will start to view the negative as good sign of getting to where the Fed wants to pivot.... This is all just speculation on My End

I hope this Helps someone and Everyone.

Iwish You the BEST!

--BIZ--