Several Key Charts that I've done technical chart-based work on: SPX, AAPL, AMZN, TSLA, BABA, MSFT and UNH
Key Names and Levels along with the Context that I'm watching
Note: This premium strategy piece will be simultaneously sent to Private Substack and Patreon members. A preview below is always included for my public friends and Community. If you’re new to my newsletter, you can read this full exclusive work here that I wrote back in mid-December.
Members,
Tomorrow, market participants will be faced with another test: the December Jobs Report (non-farm payrolls or NFPs). As a reminder, the way NFPs are reported is that even if a person works 3 jobs, that counts as 3 different jobs created!
Do not mistake a strong jobs headline report for a strong economy. However, understand that whatever the headline figure is, that is the narrative/story that the Fed can use to further press their hawkish guideline.
In my January Report, I discussed my belief that throughout 2023, Q1 and Q2 may likely prove to be the most difficult part of the year, followed by a potential recovery in Q3 and Q4. I even laid out asset allocation plans to read.
My views from my report on U.S. and China have not changed at all since I released it earlier this week. In fact, we’re being validated in terms of how things are going.
China is moving in the direction that we have projected, and so has the U.S.
The Fed is paying very close attention to two areas of the economy: Inflation and Jobs.
Tomorrow we get a data point on the Jobs situation.
I want to provide some additional context on this week’s price action with a discussion on the following to help you assess where certain key themes stand
This note will be focused on Key Regions of Interest, Technical Analysis, and other levels to watch. I will highlight downside ranges and upside ranges of interest along with providing some context in my notes for these names.
S&P 500
Apple
Amazon
UNH (United Health)
Tesla
Microsoft
Alibaba
If these names are important to you or investor friends you know, forward them this note as it may help them. This will be an actionable note that allows you to see what the risk/reward looks like on these key names from longer-term timeframes and whether now is the right time to look at them more seriously (or whether you need to wait).
I will jump into the Technical Analysis in just a moment, but first I need to remind you of the S&P 500’s current composition and the implications behind this.