Year-end Market Reflections

THE WEEK

The Market week between Christmas and the New Year is normally a very quiet week.  People are traveling and are focused on friends and family.  Normally the last day of the year there is a sell-off as folks are dumping their losers.  They want those losing positions as write offs for 2023 taxes.  This year was no exception.  We saw the Santa Claus rally earlier this month; it was a quiet trading week; and selling on the last trading day of the year.

LOOKING AHEAD

We have some major announcements this week which may cause the Market to be a little bumpy – FOMC Minutes release, the PMI and December unemployment figures.  There are only a handful of companies reporting earning this week.

HOW AM I DOING?

It was one of my worst quarters in many, many years.  I just wasn’t on my game.  I discussed this thoroughly on last Thursday’s webinar.  I also discussed what I am doing to change that dynamic.  My gains were in the single digits and I didn’t like that as I am normally have triple digits gains.  It happens to all of us at one time or another.  It is how you react to adversity that determines your future.  I know how I am reacting and adjusting.  I have reset my focus and my goals.  Watch out, world!

I am really excited about this week’s webinar.  One of my friends and mentoring clients has been developing a new way to trade around earning announcements.  He has been testing his idea and had great success.  This week Larry will be presenting his ICE MAN trade with the set-up, the trade management and exits.

DEEP DIVE this week

 New Trading style – the ICE MAN