Is The Market Beginning To Steady?

The Week

I feel the Market starting to steady itself somewhat.  I am glad because I was growing weary of crazy up then down price/action.  Plus, that action made trading difficult and time consuming.

Note: The Market seems to be generally going up now with a series of bull flags.  Also, the Market Accumulation has increased. Money is flowing back into the Market.  And finally, I have noted some sectors getting stronger.  When a recession starts the sectors that do the best are companies which sell goods and services we need no matter what the economy is doing:  food, consumer staples, utilities, gas and oil, etc.  Now the discretionary stocks are starting to gain some traction and are going up:  Technology and finance

Looking Ahead

As we head into the holiday season, I believe the Market will be generally up and a lot smoother.  Of course, come January I expect the choppy up and down action will come back.  In the meantime, I am going to enjoy trading for the next month and celebrate the season with friends and family.

How am I Doing?

Better!  After 7 weeks of our DATA class my account is up 34.8%.  It has been a rough 7 weeks of trading.  My historical returns after 7 weeks of trading is usually around 60%.  So, if you are struggling, do not feel alone.  We all are.  The Market since DATA started at the end of September is up 6.9% but if you look at the action up and down it has been wonky.  A 34.8% gain feels pretty good right now.

BIG REMINDER

Thursday the Market is closed for Thanksgiving.  We all are aware of that.  It is Friday I want to alert you about.  Most people forget the Market closes three hours earlier than normal on Black Friday.