Jan 5th, 2022 – Sell, Sell, Sell!
As suggested in my most recent blog, the month of January has a whole lot of cosmic energy squeezed into a lunar cycle. The first trigger point I listed was Jan 5 and Moon being Void of Course. These Moon VOC events have a tendency to cause unsettled nerves across equity markets.
Today, Jan 5, started more or less normal. The S&P was quiet for the first couple hours. This allowed me to gracefully sidestep a couple long positions (Borg Warner – NYSE BWA) and (ERO Copper – TSX: ERO) to take a modest gain. My trades came just in time because the S&P soon turned nasty as the following hourly chart shows. As I post this blog, the March S&P is down 70 points. January is not over yet. There are several more trigger points to come….
