SMC Update 1-31-23

01/31/2023


Comments (5)
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thomblas2051
thomblas2051

Peter, The Nasdaq 100 had its best January in over 20 years!!!

DAV15J
DAV15J

thomblas2051 said:

Peter, The Nasdaq 100 had its best January in over 20 years!!!

It did similarly in 2001. And then?

adwhartonmd232
adwhartonmd232

Nasdaq finish January with great gain and all feeling well since old saying as January goes so does the year but the last time Nasdaq had this high gain in January was 12.2% Jan 2001 but did not last for the year 2001 it decline >21% and continued to drop addition 32% in 2002 Suggest follow Peter projection and the technical VIX chart Hold on to your hat

brian1469
brian1469

Dow leading us lower again. Has broke the two uptrend lines looks vulnerable here.

Still expecting a FED spasm higher then a selloff.

Entered some shorts in FL, RCL, THO, WGO. I'm really bearish on the RV market

Also was looking at Restaurants stocks but somebody slaughtered them before I could get in. DRI, CBRL, and TXRH

Last updated

dcarter8883312
dcarter8883312

Peter or anyone who has the software please look & post any downside projections if any on (INTC). I plan to get trade station to get the software soon. Thanks ~ Dorothy

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