Before the Open 11/30/2022

Focus List Industry Groups and Stocks

Hey, here is the industry group focus list:

Here is an example of Coal, that was on the focus list yesterday (before open) already. What I want to show here, is what I am looking for:

It is stronger than the market longer term (right bottom). It is up while the market was down (right upper chart), and the relative strength line is above the channel on the weekly and on the daily (both left charts).

Yesterday was constructive since some higher beta industries popped up. But tech is missing (which is not good!).

Biotech is still strong, but only on the weekly. Still, this would be an industry group where you can play stocks long if they have a good stock setup.

Same with Semis, in o.k. Shape, but not strong so they get to the focus list.

But still, tech and biotech is not on the list.

Software is still very weak:

Same with internet stuff:

Solar had a bad day!

So, all in all this is everything else than a blazing market. To be aggressive here, at least semis would need to be stronger.

That does not mean you cannot play the stronger industries now, but positions should be smaller and trades should have a shorter time frame.

I take this market as a training session, my exposure is very, very low and positions are small. Take yesterday, 400$ day in the plus (while I have swings of over 10.000$ in a strong market (up and down :-), not only up!!!!). I used to take harder markets not seriously, but I do now. If we only break even and play very small (lets say 5% of you capital), we learn something.

When things get better (and they will #secularbullmarketUSA, stellar demographics (Gen Y and Gen Z are huge!), stellar geography, best central bank, reserve currency $, strongest military, your money is the safest (lower fraud risk, but only outside of crypto),  best innovation in the world, best tools and data and so on…), I will press.

O.k. here is the stock list: