Inflation Data and the Trend Line

The SP500 is approaching the trend line off which is has dropped consistently over the last 13 months. Whether that pattern continues no one can know. 




There seems to be a lot of bullish chatter about tomorrow's report. I don't feel like I have a great sense of where the market is going next (I lean toward one more down). Even if there is a major move up or down, that doesn't necessarily make for a trend. It can take days or weeks to get a sense of where the momentum is going.

Earnings season has begun. Earnings reports could hint at the way the market moves over the first quarter of 2023.

If there is a move down, I'll be looking to pick up some shares. Possible adds include MA, WM, CB, NOW, ASML, and AMD (another semi stock I like which is much cheaper than ASML as of now).

This website is created and authored by Marlin Sandlin and is published and provided for informational and entertainment purposes only and merely cites my own personal opinions.  I am not a financial advisor, and this website is not intended to constitute investment advice or provide specific advice or recommendations for any individual or on any specific security or investment product.  Any action you take upon the information you find on this website is strictly at your own risk.  This website may share links to articles and information which is interesting to me, but it is in no way an endorsement by me or by anyone associated with me.  The views reflected in the commentary are subject to change at any time without notice.   I may or may not hold investments in the companies or securities discussed on this website.

Marlin Sandlin owns shares of ASML Holding N.V. (ASML), Mastercard Incorporated (MA), Waste Management, Inc. (WM), Chubb Limited (CB), Advanced Micron Devices, Inc. (AMD) and ServiceNow, Inc. (NOW).

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