Still constructive

Still constructive, the follow through attempt is good so far.

30% long position, 70% cash is fine here. But it will take 1-2 weeks until we know where this is going.

Next thing that needs to happen is, that we see the SPY rally more, 10 MA > 20 MA and then a pullback (> 3%) in which higher beta industries show relative strength. In that pullback it is fine to add and go to a 50% long position. Now around 30% is the number.

My longs are working, breakouts are working:

All small positions, I am long around 20%. I was a bit late to the party. Key was the 30. of December, there were a lot of setups, but I took it to lightly.

This is probably a bear market rally, yes, but have a look at KWEB (up > 100% since the lows, 20-30% of that move could have been captured!). So, I do not care, it can be played with strong themes (industry groups, countries) and that is all that counts!

Remember 2022 = 2023. We have a gridlock between stronger than expected macro data and the super aggressive fed. But we will have strong themes that can be played (like last year energy, biotech and late in the year China).

Take a look at NEON:

AMRN:

Stuff like that does not happen when the market is super weak.

Here is the stock list of today: