Jan 18th analysis and watchlist
Crypto/FX Markets
Equty markets
Stocks
Watchlists
https://docs.google.com/spreadsheets/d/1QBdfGz9xdGZJ0D7V3g4BkY2NwfS0ntoXwSZYPqdXYeo/edit?usp=sharing
my Thoughts
Spending a lot of time shut in this long weekend due to an ugly snow/ice storm I found myself on twitter more than normal. This is the most bearish I have seen some market percipients I respect in a very long time.
I think what is getting people worried is the absolute destruction for growth and Pharma stocks. However we are traders here so instead of getting worried we adapt. I spend most of the weekend tweaking my trading plan which I will go over in the live Q&A later in the month.
Bottom picking might be something that works in more normal markets but we are in 2 markets right now. A growth bear market and a value bull so I am going to be focusing ONLY on pullbacks in uptrends for the near future. This will make for much more boring trades but IMO and easier existence.