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Super Bowl Stock Market - 1/30/23


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As the NFL heads for the Super Bowl, this week the stock market will have a spectacle of its own. The FOMC Super Bowl Circus comes to town, with the question of whether or not this will be a bull market, the whole ball game. 

I won't answer that here, but I will look at today's poor tents, and who is living in them. 

The bears have played a helluva game overnight and in the pre birth. But we've seen this game before -- the dealers shaking the trees because they want long inventory. Is that what this is again? The market has only pulled back to trend. A 3 day cycle low is due, and the 1 day cycle projection of 4022 has been all but hit. But the bears have a shot to break the trend. The 3 day cycle projection is 4012. 

Of course, anything that happens before the Dr. Jaysus Dog and Pony show is meaningless. They will preposition to be at a perfect infartion point.  We wait for that on Wednesday afternoon. Then we'll see. 

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Stock Market Heads for the Super Bowl – Oddsmakers Pick the Bulls

For moron the markets, see:

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For the week ended January 27, there were 38 charts with multiple buy signals as of Thursday or Friday, and only 9 with multiple sells. None of the sells had high probability setups for shorting. I liked 6 of the buys enough to add them to the list, as shown on the table below (subscriber content). Non-subscribers click here for access.

Technical Trader subscribers click here to download the complete report.

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I bought the first 15 minutes.  Stocks that were on my Chart picks list today. 

Also covered my shorts from Friday's close for a few nickels. 

Whether this is correct tactically or not remains to be seen. 

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Or it's getting more difficult to understand what you mean? Play on words is fun but just an fyi, it is sometimes a chore trying to decipher your meaning. Long dong silver? What does that mean? You do you, I enjoy your musings but sometimes I just gotta say... huh?

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