- Rhoda Report
- Posts
- 2023 is Your Year!
2023 is Your Year!
Hi There! Happy Holidays to you! Are you as excited as I am to start 2023? According to the 56 Benner Cycle, 2023 is a year to make money. It is a year of low prices and a good time to buy stocks and that investment you have been eyeing! Go for it!
Let's dig in!
Last week was another volatile, and bloody, one on Wall Street. Price action teased us with a nice, mid-week rally up to key resistance levels. However, that quickly changed, as stocks slid into support after the higher-than-expected GDP release. Shocking right!?! Positive GDP data hints at a strong economy, which means interest rate hikes can extend longer. The latter did not sit well with investors.
Other key highlights from last week:
SBF is out on bail and home for the holidays
Yuga Labs appoints new CEO
Investors are upbeat on MATIC for 2023
We're heading into the final week of 2022:
Next week will be short and light on the economic news. We are all still hoping for that end-of-year Santa Claus Rally to close out 2022 with a bang!
For my Forex peeps: Watch out for Japan's Unemployment Rate, which may affect the JPY pairs. Also, EUR/USD bears appear to be gearing up for an explosive breakout.
What's the anticipated bias (not financial or investment advice):
Monday (12/26/22) - Stock Market is closed; Crypto is 24/7
Tuesday (12/27/22) - Bullish - the start of the Santa Rally
Wednesday (12/28/22) - Expect the unexpected
Thursday (12/29/22) - Pay yourself
Friday (12/30/22) - No trading recommended; Take a day off
Be on the lookout for crypto deals on December 31st!
December Week 12/18/22 - 12/24/22 Recap
Wall Street tumbles on rate, recession worries, bleak chipmaker outlook By Reuters — www.investing.com
Wall Street tumbles on rate, recession worries, bleak chipmaker outlook
SBF granted highest ever pre-trial bail of $250M, released to parents' home in Palo Alto — cryptoslate.com
SBF stood before a magistrate in SDNY where he was granted bail and put under house arrest to undergo treatment for substance abuse
The leading Web3 company, Yuga Labs, has announced that the former Blizzard COO will join the team as the new CEO.
The year 2023 looks promising for MATIC. At least, with the way Polygon's development team is performing, the crypto looks poised for a better year ahead.
Special Tools & Strategies
Buy the rumor, sell the news!
Fundamental analysis is an important part of market analysis. If you want to sharpen your skills as a trader (across all markets), it helps to follow the news and economic data to see how the money is flowing.
Here are three of our favourite tools:
Watcher Guru gives you unparalleled coverage of automated cryptocurrency tracking in real-time.
Forex Factory is where professional traders connect to the forex markets, and to each other.
Investing.com offers free real time quotes, portfolio, streaming charts, financial news, live stock market data and more.
If you have questions or would like to learn more about the team I trade with or want to get started in trading but you aren't sure how to let's chat!
Hi There! If you like the information and want to say thanks or encourage me to do more, you can buy me a coffee. Thank You!
Secret 10 Page Trading Plan - Special Delivery Every Month Crypto, Stocks, Options, Mindset! — dcgelite.com
The 10 Page Trading Plan is What Successful Traders Use. Take what you need to know and plan your month! Save hours every month and have a plan every day! Recession Proof Your Time and Trading.
ACCESS TO ALL OUR TRADING STRATEGIES:
ALLIGATOR TRADING
STRATEGY FOR DAY TRADERS
AND
SWING TRADERS
The Trading Mastermind - Where Entrepreneurs Master Stocks,
Options, Forex,
and Crypto! When
you join DCG Mastermind You Get Access To Over 6, 7, and 8 Figure Traders.
Disclaimer: The information provided in this report does not constitute investment advice, financial advice, trading advice, or any other sort of advice and you should not treat any of the report’s content as such.