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12:00 TUESDAY – Stock Market Report #194 – 1/31/23

by Robert Holman | The Defensive Advisor |

STOCK MARKET RATING … 7.0 (0-4 bearish, 5 neutral, 6-10 bullish), ASSUMING the Fed raises rates by ¼% tomorrow. Based on that assumption, my assessment of present and future market conditions is now a “7” out of 10, due to so many bullish signs.

Objective: Make this an actionable report, a short 2 or 3-minute read, and give the reader an opportunity to contact us for help managing their portfolios - click here for more information and help.

What’s going on in the market? Lots of institutional buying -- lots of new highs – stocks advancing are far outweighing stocks declining -- great breadth (both value and growth stocks are moving up) – the market is above all of it’s important moving averages, oil/gas and gold are moving up – there is even selective buying in technology.

The credit card processors had great comments about upcoming consumer summer buying. Oil stocks and gold continue to do well - the former because of curtailed drilling and an expected mild recession and the latter because of a declining dollar due to an expected mild recession.

How long will this rally last? Who knows? The fast money crowd could be thinking it may be over and are reducing positions, the swing traders are probably just now moving in, and the buy-holders are most likely unimpressed, just plowing straight ahead..

I’m buying just a few stocks in selected sectors but am nearly fully invested in all accounts.

HWM - We are/will be buying new holdings this week.

PORTFOLIOS … After reading this report, if you are unsure how to position your portfolio to take advantage of these conditions, call me to discuss your circumstances, I’ll do a complimentary portfolio evaluation, and I’ll explain what ought to be done to help your situation. If you want to get started right now, just click here and input your portfolio holdings and I’ll call you.

TO MY CLIENTS … THANK YOU FOR YOUR TRUST. We’ve had great success since we started this RIA in mid-2018 and are doing better than the market return since that time period.

Excelsior Divitiae. Learn from the Bible: Proverbs 15:22, 21:5, 22:3 and 27:12, Ecclesiastes 8:7, Joshua 1:9, Proverbs 3:5-6, Ephesians 1:17, 1Chronicles 29:11-13, and 1 Chronicles 12:32. I recommend you read them in this order.

Published every Tuesday at 12:00 noon. For more information on my investment and planning services, or to sign-up for this weekly e-Newsletter, visit: OR

Opinions in this post are for general information only and are not intended to provide specific advice to, or recommendations for any individual, without our complete knowledge of that individual’s total financial profile. No strategy assures success or protects against loss. Past performance does not guarantee future results.


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