The Brains Trust - 2023, page-1509

my trading notes for this quarter are:
yes US dollar at that $1.06 level. will it get through or pull back
yes big impact on our asx market dominated by commods
spx looks odds on to at least tag 4200 and again see if falls through or get a bounce. i normally get a reaction

gold lots of levels in play

volume? still in copper and less so in spx here. still none in pms.

again i have gone back to last year and this october period in 2022 saw a few hammers as market undecided before commods roared up on 2.11.22
indeed most years i find red in lead up to xmas and then xmas is green

simple answer is just to wait and see if get a repeat of buyers and volume in november

real key remains the Fed on rates and inflation here

i said 2 or 3 years back as did someone else here? and i expect most of us that US Fed has market on a string and just has to announce something positive
to keep market afloat

chinese pmi also rose this month

so no panic selling. no fomo buying. just more churn and hopefully some real hammers as market cacks itself

would not surprise to see a bounce of sorts here but look at october 22 and can see a series of hammers and rises before volume came in

question for me here is really what areas do i want to focus on if/when we see a recovery
banks? base metals? pms? rare earths. lithium. uranium.

"letting the market do the work for me just here" is my favourite saying
or recognise my luck as it happens

there are 2 buying periods in the year normally. may/june tax loss selling and oct/nov if i am lucky.
this year has been disappointing with flat churn but still some bright spots in uranium. a decent hammer here would be nice