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The charts, graphs and comments in my Trading Blog represent my technical analysis and observations of a variety of world markets...
* Major World Market Indices * Futures Markets * U.S. Sectors and ETFs * Commodities * U.S. Bonds * Forex

N.B.
* The content in my articles is time-sensitive. Each one shows the date and time (New York ET) that I publish them. By the time you read them, market conditions may be quite different than that which is described in my posts, and upon which my analyses are based at that time.
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* In answer to this often-asked question, please be advised that I do not post articles from other writers on my site.
* From time to time, I will add updated market information and charts to some of my articles, so it's worth checking back here occasionally for the latest analyses.

DISCLAIMER: All the information contained within my posts are my opinions only and none of it may be construed as financial or trading advice...please read my full Disclaimer at this link.

Dots

* If the dots don't connect, gather more dots until they do...or, just follow the $$$...

Winter Cat

Winter Cat

ECONOMIC EVENTS

 UPCOMING (MAJOR) U.S. ECONOMIC EVENTS...

* Wed. Nov. 30 @ 2:00 pm ET - Beige Book Report
* Fri. Dec. 2 @ 8:30 am ET - Employment Data
* Wed. Dec. 14 @ 2:00 pm ET - FOMC Rate Announcement + Forecasts and @ 2:30 pm ET - Fed Chair Press Conference
* Wed. Jan. 4, 2023 @ 2:00 pm ET - FOMC Meeting Minutes
* Wed. Feb. 1 @ 2:00 pm ET - FOMC Rate Announcement + Forecasts and @ 2:30 pm ET - Fed Chair Press Conference

*** CLICK HERE for link to Economic Calendars for all upcoming events.

Friday, October 14, 2022

SPX 2022: Buy Or Sell Or Stay Out?

* See UPDATES below...

The following excerpts are taken from my 2021 Market Wrap-Up and 2022 Forecast (much of which has transpired, so far, this year).


Judging from the volatile rollercoaster action in markets this year, it seems that traders would have been better off, if they had:

  1. liquidated their equity positions,
  2. then just stayed with cash ($USD),
  3. then gone on vacation,
  4. then waited for capitulation before jumping back in, as I've described here, here, here and here,
  5. AFTER the Fed has stopped raising interest rates.

Instead, we've witnessed a dog's breakfast of volatility that will likely continue, due to the market's penchant for trading on "greed and fear" and "rumour and news" tactics.

SPX Monthly

SPX Daily

How markets closed the week (percentages gained/lost this week)...

US Major Indices: One-Week % Gained/Lost

US Major Sectors: One-Week % Gained/Lost

World Currencies: One-Week % Gained/Lost

And this roundup for the week from ZeroHedge...

* UPDATE Oct. 15...

It looks like markets have more downside in store over the coming weeks and months...plus a lot of volatility...


ZeroHedge excerpt


ZeroHedge excerpt

* UPDATE Oct. 19...

The following summary is taken from today's Beige Book report...the yellow highlights are mine.

The overall themes in the 12 Federal Reserve Districts are pessimismweakening demand, tight labour markets, and elevated prices.

Any way you look at things, if wages keep rising, this will contribute to higher inflation (in spite of potential lower prices) and lower returns for companies and their shareholders...and further volatility in the markets.

So, all in all, I'd say that today's report does not paint a rosy picture, for the foreseeable future.