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Happy Monday!

Don’t shoot the messenger but ‘they’ say ‘so goes January so goes the year’. Actually, The Rotation Report had a good piece on all things January, sentiment, breadth and markets.

I say – let’s get right to this week’s episode. Not much has really changed if you have been listening to the weekly show. You can watch/listen to this week’s episode right here. I have embedded it below:

Here are Ivanhoff’s notes:

The Nasdaq 100 had a 7% range last week but it finished flat. Correlations have been extremely high as they usually are during corrections or bear markets. Lately, stocks have been moving in tandem regardless of fundamentals or sector belonging. Just look at the intraday charts on Friday – everything is looking very similar.

Unless your view is longer-term and you are slowly accumulating an index or a strong business at progressively lower prices, the most common-sense way to make money in this environment is intraday trading. This type of market behavior usually doesn’t last too long, except if it’s a new long bear market which is clear only in hindsight. Eventually, things calm down and multi-day (Read more...)