Welcome and thank you for visiting!

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

* 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.
* My posts are also re-published by several other websites and I have no control as to when their editors do so, or for the accuracy in their editing and reproduction of my content.
* 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.


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





* Wed. March 6 @ 2:00 pm ET - Beige Book Report
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Friday, December 23, 2022

2022 Market Wrap-Up: 'Like Watching Paint Dry'

The May 2022 'long-legged doji' foretold how the second half of the year would unfold on the S&P 500 Index (SPX)...with choppy, volatile indecision.

As shown on the following monthly chart, the price has, essentially, traded sideways in a large trading zone, between 3500 and 4300.

It's bounced back and forth between Buyers and Sellers, like a yo-yo.

As it's turned out, any gains, either on the long or the short side, have been short-lived...much like the first half of 2022 was.

Day-to-day or week-to-week trading for 2022 has been erratic and non-directional...and about as interesting as 'watching paint dry.'

Unless you took profits during the December 2021 candle -- which followed November's bearish 'shooting star' (which wasn't confirmed until January's 'bearish engulfing' candle) -- and, either, shorted the markets and held, or, simply stayed out, you were caught up in this slow slip downwards, dominated by choppy large-scale sideways consolidations.

As I mentioned in my post of December 21, we may see a fourth 'candy cane' form in January 2023, with a price target of 3200...if Sellers remain in control.

We'll see what happens.

I hope to post my Annual Forecast for the New Year in the next few days, so stay tuned. As a reminder, my 2021 Market Wrap-Up & 2022 Forecast can be read here.