Early entries and watching them develop into a position that makes money is always a little nerve wracking in the beginning. It is even more stressful when you are digging out of a hole. I have a very long term view of the stock market and understand that there will be good times and bad times. Controlling emotions and controlling losses with mechanical decision makers is the only way I know that works when you add in the rules of the TSP.
We have an index that is telling us to pay attention that it might be time to invest. So let’s get started.
Another month is in the books and you can show November closed. I hope you all got a little bit of the move this month and today. If you did not, just remember, price on two out of three of our stock indexes is just beginning to move. Breakouts have not even been confirmed on one yet and another is still shaky even with today’s move. So tonight, along with the closing numbers I will cover a few charts.
November overall has been one of the best months of 2022 and still, we have indexes that are in bear market territory. Being invested at any percentage at this stage of the market is worrisome but those that are brave and follow the charts instead of the news might just get the reward. The S&P 500 has reached a point in recent days that really makes me pay attention and I am going to show you why. I do not want to create fear and make everyone bail out of their positions, but I do want you to see what I see and be aware.
Three more trading days in November and Tuesday will be our move day if needed.
It has been a good week for us so far. I got corrected yesterday by one of our readers here, the markets are closed tomorrow and close Friday at 1 pm.
We have 3 more complete trading days left after Friday, for the month of November. We have monthly levels that are starting to fall which is another good sign for us. Lastly, the markets did not collapse today when the FED spoke and that is a good change for once.
Everyone be safe and enjoy your time with family and friends this holiday weekend.
This week was a little wishy-washy and said another way, consolidation. There was not a lot of movement to really speak about. This week the market will close at 1 pm on Thursday and will be open Friday.
I hope all of you get to spend time with your family this weekend during Thanksgiving. Enjoy and be safe.
It was a very mixed bag and no real damage was done. I was hoping for a lot better for stocks but it wasn’t meant to be. Oil on the other hand had quite the week and I will show you that later this weekend.