Stock Market Predictions 2022
Aug 15, 2022This week, I'm giving you an insight into my stock market predictions for 2022.
The Week
We finally broke through the flat resistance of the last couple of weeks. The catalyst was the
CPI report on Wednesday prior to the Market’s opening. The report wasn’t great it just wasn’t
worse than expectations. The trading herd started buying, the prices broke though resistance
and have been generally up the rest of the week.
Looking Ahead: What I Think
On Thursday’s webinar I gave my overview on how I think the rest of the year will look on the
Markets. I think the rest of August will be fairly calm as we go through the ‘dog-days’ of
summer. Mid-September we’ll probably see a little chaos and then the Market will calm down
for a while.
I have been watching and trading the Market for many years. The pattern we are now
experiencing is very typical for this time of year. The one factor that could disrupt is if we get
another round of bad economic news. It would have to be atypical and bad news to cause
much disruption at this point.
In early 2023 I think another down chaotic round of price/action will occur as I see a food
shortage looming. We are in drought situations in many of our major agriculture areas. That
partnered with high transportation cost might tip the market down again.
Another concern I have is the ‘Anti-Inflation Bill’ in Congress. How will the government fund all
these programs on the agenda without blatantly printing more money? We all know the just
printing more money and pushing it out into the economy is one of the causes of our current
inflation situation.
As always – Trade the Price/Action you see happening.
How did I do?
It was great week. I have a lot of trades on right now and as prices have gone up so have my
margin requirements. This week all I did was sell the short weekly position on open Money
Press trades (Credit Diagonal Calendar Spreads). On some of those positions I am
uncomfortable with my trading risk and will probably make adjustments or exit trades next week.
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I hope you enjoyed these stock market predictions for 2022!
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