Down Markets Are Temporary!

Issue #11

Author

Rhoda Hall
January 15, 2023

Hi There! This week's Rhoda Report is coming to you from a new platform. Previously, we were using Revue, a Twitter platform, and one of the things Elon Musk is cutting in his attempt to make Twitter more profitable. If you are an existing subscriber (thank you), there is nothing for you to do other than continue to enjoy and share the Rhoda Report with your friends and family using the new link.

Let's dig in!

Last week was bullish for the most part across all markets. There was a nice rally after the market hit lows last Tuesday. Meme stocks, though faced with skepticism, appear to have had some small bounces thanks to the retail investors. Beware, though, those might be short-lived. The S&P 500 and Nasdaq ended the week at their highest levels we've seen in a month.

Other key highlights from last week:

  • Microsoft plans to invest $10 billion in OpenAI, the creator of ChatGPT

  • House Republicans vote on bill to abolish IRS, end income tax

  • Enterprise adoption of blockchain technology is set to increase in the next year

  • McDonald's will celebrate the Lunar New Year in the metaverse

  • Polygon announces upcoming hard fork to address gas fee spikes

Here's what to expect in the week ahead:

We are heading into another holiday-shortened week and it is packed with economic news and U.S. Earnings. On Tuesday (01/17/23), all eyes will be on the UK Unemployment Rate, Germany's ZEW, and Canada's Inflation Rate report. Investors will also be anticipating the results of the BoJ two-day policy meeting, U.S. Retail Sales, and the U.S. Beige Book on Wednesday (01/18/2023). There is GDP news from China ahead of the Lunar New Year holidays, which begins on 01/21/23. The World Economic Forum will be holding its winter meeting in Davos.

For my Forex peeps: Watch out for medium-to-high impact news that may affect any of the AUD, EUR, GBP, and/or CAD pairs.

Next week's anticipated bias (not financial or investment advice):

  • Monday (01/16/23) - Martin Luther King Jr. Day Holiday - Stock Market Closed

  • Tuesday (01/17/23) - News-driven day - choppy market

  • Wednesday (01/18/23) - Plan to catch momentum off support

  • Thursday (01/19/23) - Expect bullish activity - trade the trend

  • Friday (01/20/23) - Expiration day - DOW up 10 of last 12 years

Tip: Ladder going up; Free Fall going down!

January Week 01/08/23 - 01/14/23 Recap

Microsoft reportedly plans to invest $10 billion in creator of buzzy A.I. tool ChatGPT

A bet on ChatGPT could help Microsoft boost its efforts in web search, a market dominated by Google.

https://www.cnbc.com/2023/01/10/microsoft-to-invest-10-billion-in-chatgpt-creator-openai-report-says.html

House Republicans to Vote on Bill to Abolish IRS | National Review

The bill would also introduce a national consumption tax to replace the existing national income tax scheme.

https://www.nationalreview.com/news/house-republicans-to-vote-on-bill-to-abolish-irs/

90% of businesses adopting blockchain technology, data

A new survey from CasperLabs found that despite education gaps, enterprise adoption of blockchain technology in the U.S., U.K. and China is set to increase in the next year.

https://cointelegraph.com/news/90-of-businesses-adopting-blockchain-technology-data

McDonald's Will Celebrate Lunar New Year In The Metaverse!

McDonald's metaverse experiences for Lunar New Year take many by surprise. With a mix of metaverse and AR, McDonald's jumps into web3.

https://nftevening.com/mcdonalds-will-celebrate-lunar-new-year-in-the-metaverse/

Polygon primed for hard fork aimed at reducing gas fee spikes: New details revealed

The Polygon proof-of-stake chain is primed for a hard fork on Jan. 17 that will serve to reduce gas fee spikes and improve chain reorganization.

https://cointelegraph.com/news/polygon-primed-for-hard-fork-aimed-at-reducing-gas-fee-spikes-new-details-revealed

Special Tools & Strategy for the Week

Every month our DCG Mastermind group researches stocks that have a high tendency to expand to the upside. Here are two retirement shares (stocks we buy in a retirement account) for the month of January 2023:

  • WM

  • VTI

The game plan it to buy shares on bearish predictable days listed in our Secret 10-page Trading Plan.

Trading is easy with a plan!!

Schedule a Call- Let's talk trading!

Rhoda Hall

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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.