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What Summer Doldrums?


By definition, the summer doldrums are the sluggish period that the market goes through every summer - it is a period that has to do with the vacay time.


But here is the thing..... throughout 2023 the volume has been low in general in equities, futures, and market indices in general, however, that has not prevented the market and investors to bank on the massive run-up the market has had since it put a bottom in Oct 2022.


2023 has been a great year for traders and investors so far. The market and many stocks are still power trending in major time frames and it looks like all the dips are still being bought.


The question is can it hang on to its gains in the next 4 months?


Pullbacks are a celebration for investors and traders alike.


It is healthy for the market to retrace once in a while. And this year we are in sync with the overall seasonality.


We just need to read the charts on a day-by-day basis to determine the next move and to find the best possible INCOME GENERATING TRADES.


$SPX return = 15.02% in 2023


Did you know that you can have a better return by DAY TRADING?


Below is the S&P 500 seasonality chart - which is subjective but because it is a historic tendency, however it resonates really well with the chop within the the last 2 weeks.

Will we be navigating in turbulent waters this week?


Here are a few things that I will keep an eye on that may have an impact on the market and generate volatility:


  • China expected to cut lending rates Sunday Night EST
  • BRICS Summit 3 Days Summit starting on Tuesday
  • $NVDA earnings on Wednesday after the close
  • Jackson Hole Symposium 3 Day event starting on Thursday
  • Fed Chair Powell speaking on Friday at 10:05 AM EST about the econ outlook




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