By

Malachy Joyce
I have been spending my morning reviewing each trading session of 2022, crossed against the SL overbought/oversold signals and have concluded several things. I must’ve been in a fever dream in 2022 — because it’s all a blur to me. I had extraordinary performance, most was front end loaded in the beginning of the year...
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I am seeing double now, due to a vision doctor appointment. I have always had 20/10 vision, until recently I’ve been bedraggled by morning blurriness — part and parcel of growing older. The doctor said I have 20/25 vision, but might need readers for distance. On the issue of seeing, I did not of course...
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I watched volume flows pretty closely today and for the entire session — money was flowing liberally into defensive names — the sort of stuff we have been buying the last few weeks. Those are all up. It is the growth portion of the market that continues to get dragged — all due to tariffs...
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Markets have slowed down to a molasses pace, which is very good for those who’d like to not see 1% moves inside 30 min timeframes. We are of course still on edge, with numerous economic indicators now pointing towards contraction, in addition to plunging consumer confidence. The risk here is obvious: should the economy tailspin...
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After vacillating around the 200 for a week, markets finally broke loose today. But we are barely above it by 0.08%The next potential point of resistance, providing we keep going higher, can be the 50d ma, which is 2.7% higher from here. Our gains for the day did not match up to the broader indices...
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