12/27/22T Uptrend Under Pressure, Volume Light, End of Year Doldrums

12/27/22T  Uptrend under Pressure – Volume light – Not Much Action Expected through End of theYear.

THE MARKET’s MESSAGE:  Warning! Market showing broad weakness.

>>> Last Friday was a quiet day as expected before 3-day holiday weekend.

YOUR INPUT PLEASE!  As is common at year end, there is not much to talk about in market action today. So let’s cover some other points to set us up for next year…..

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>>> December 26 is the 4^th to the last trading day in 2022. There is frequently light volume without much price action in the short period between the Christmas and New Year’s holidays. And 2022 appears to following that convention.

YOU MAY WANT TO USE THIS TIME TO REVIEW YOUR WINNERS AND LOSERS OF 2022.

·      What lessons have you learned?

·      What did you try that didn’t work? And Why?

I will pick of few interesting questions to share with the readers of this newsletter.

Step back for a moment and review TOTAL RETURN of the major indexes over the last (almost 3 years) since the start of 2020. (Remember the COVID pandemic crashed the stock market in April-March of 2020.)

 From 1/1/2020 to 12/23/2022 (stay tuned for final 2022 numbers!)

Note all the RED and YELLOW boxes in the MARKET FACTOR TABLE below.

The only GREEN ratings (showing strength) refer to the indexes that did not close at their new lows (which is very rare.) BUT LOOK HOW CLOSE THE NASDAQ IS COMPARED TO ITS RECENT LOWS. I don't think we will get much of an opportunity to make money in the time left this week.

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The MARKET FACTORS, COUNTS & RATINGS TABLE is a cluster of yellow (weak) and red (VERY weak) ratings.

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 >>>> On the MARKET ACTION OVER THE LAST 20 DAYS table below, the Nasdaq had only two accumulation days (when price and volume rose showing serious buying action) in the last 4 WEEKS.

I’m not sure the market has much more than the occasional (very occasional) accumulation day in it right now. It is in a slow sell-off. Perhaps it is slow so you won’t notice!  

NOTE on the MARKET ACTION table::

>>>A  RED highlighted index Price indicates a NEW LOW  during the previous 20 days.

>>>A GREEN highlighted index Price indicates a NEW HIGH  during the previous 20 days.

Only 2 days that are green point to how weak this market is >>>>> NOTICE the 7 red/orange highlighted Nasdaq prices in the last 20 days  – pointing out the Nasdaq’s steady fall.

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>>>> On the MARKET ACTION OVER THE LAST 20 DAYS table below, the Nasdaq had only two accumulation days (where price and volume rose showing serious buying action) in the last 4 WEEKS.

I’m not sure the market has much more than the occasional (very occasional) accumulation day in it right now. It is in a slow sell-off. Perhaps it is slow so you won’t notice!  

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NOTE on the MARKET ACTION table above:

>>> A RED highlighted index Price indicates a NEW LOW  during the previous 20 days.

>>> A GREEN highlighted index Price indicates a NEW HIGH  during the previous 20 days.

The only 2 days that are green point to how weak this market it.

>>>>>NOTICE the 7 red/orange highlighted Nasdaq prices in the last 20 days  – pointing out the Nasdaq’s steady fall.

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STOCK WATCHING:  Send your suggestion on which stock to follow in this newsletter.  I am looking for just one stock at a time, for training purposes.

Wishing you and yours a happy and safe holiday season.

Charlotte Hudgin, The ArmchairInvestor,   (214)995-6702

www.ArmchairInvestor.com   (214)995-6702   editor@armchairinvestor.com

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