It’s been an eventful week already… Markets are puking as institutions unload risk and dump their losers ahead of the year’s end…
But just because the CPI and Federal Reserve took center stage this week doesn’t mean Friday isn’t a big deal on its own.
Not only is it quarterly options expiration day, but we’re also heading into the blackout period for corporate buybacks.
And for the cherry on top, we are days away from most of Wall Street taking holiday vacations… So we’re running out of major market catalysts for the remainder of 2022.
If you’ve had a good run this year — like we have with our New Money Crew strategies — now is a great time to get some time away from your screens…
Remember, the exchanges won’t close shop in 2022, and there will be plenty of trends and opportunities to take advantage of in the new year.
On Monday’s Crush the Open, our good friend Jeff Z and I dove into one sector I’m bullish on for the first quarter of 2023…
Put 2022 in the Rearview with My Top Sectors to Watch in Q1 2023
In the end, 2022 will go down as a year where markets were hyper-focused on inflation numbers that were pushed to the moon because of bad timing, and one of the biggest energy and resource producers in the world pulling the rug out from under us, making a bad situation much worse.
Everyone scrambled all summer to get their hands on any kind of energy names they could find. And those price hikes were pushed down the chain to consumers on store shelves, power bills and gas pumps…
Sure, there’s still a window for another unknown catalyst to disrupt the markets all over again. But for now, that trend is losing major steam.
Wondering what those little arrows mean and how they can help improve your trading? Get the details here!
As that trade slows down, the smart money will look for the next big shift. And the way I see it, the names with the most room to run are the ones that have taken the biggest beating….
That’s why tech stocks are on my list of top sectors to watch for Q1 2023.
Now I’m not saying we’re going to have another party where junk stocks with the insane P/E ratios go ape again…
But I do believe the names with solid businesses that got crushed — like Apple Inc. (Nasdaq: AAPL), Microsoft Corp. (Nasdaq: MSFT) or Cisco Systems Inc. (Nasdaq: CSCO) — have the potential to accelerate the fastest to the upside in 2023.
Check out the clip from our 2022 close-out special of Crush the Open, and let’s talk about one of my top sectors to watch for Q1 2023…
And for the die-hard trading junkies out there ready to strap some cheap, short-term, out-of-the-money calls to your waist and YOLO off the top of the Nakatomi building straight into the low-volume volatility like you’re Bruce Willis…
Please know your risk, trade small and stay nimble.
P.S. “Buying the dip” has been the go-to for the past decade-plus.
For the most part, traders could toss in a few bucks and come out on top a few months later…
But what happens when the dip just keeps… dipping?
That’s been a very real scenario over the past 11 months…
And the way things are shaping up… it doesn’t look like the market will bounce back any time soon…
So it’s time to take the fight to Wall Street!
I’m hosting a training class that doesn’t cost a dime to attend, and I’ll teach traders how to leverage a different part of the market…
