My Biggest Trading Concern

THE WEEK
Rough week for most traders. The Market was a little up at times and a lot of down at others. After hitting the 52-week highs the week before, the slight pull back was not a surprise. The question as always is how big a pull back and how long will it last.

Last week we saw some money leave the Market. The accumulation on the SPX dropped from a B to a C and NASDAQ dropped from a C to a D. This tells me the Market will probably go down a little more or go sideways for a while.

LOOKING AHEAD

I am still optimistic that we are seeing the start of an upturning Market place. And this down is just a little correction after going up so strong. There are several concerns I have moving forward. The biggest disruptor to the Market and to our lives will be the advent of converting to a digital money system and away from a cash society. We are already seeing the signs and I know the conversion has been in play for some time. As well as being a trader I have a retail operation. Most customers pay for their purchases by just tapping their credit card on a reader. I have only seen one payment using a check in all of 2023. Our cash deposits are only 1/20 th of the daily sales per day. This is a huge shift from even 10 years ago.

A big concern in my mine is a global monetary system. I am aware that several nations are pushing for this. It will mean that the US Dollar which has been king for a long time will no longer be the standard of the world.

HOW AM I DOING?
I had a phenomenal week with a 14.8% gain. The Market lost some of its gains land was down 1.4%. Which leads me to this week’s Deep Dive topic.

This Thursday’s Deep Dive Focus
Loving the Market Down Turn How to prosper as the Market goes down