Hello folks,

I hope all is well!

I wanted to share some charts I have found interesting as we close out 2022.

These are all monthly time frames and beyond.

Let’s kick it off with AAPL.

Notice AAPL is starting to breakdown on the monthly chart out of this bearish pennant.

We have long term trendline support (Blue line) now being tested.

Largest weighted stock in the S&P here.

Warren Buffett is in an interesting spot here.

Notice in this image it marks reversals.

I don’t love clinging to textbook definitions for patterns.

I would observe this as an indecision candle.

Regardless, this is not bullish.

We got a double inside month here on UNH.

I would expect to see quite a move in UNH in Q1 2023.

Don’t underestimate UNH. It is a core holding of the S&P.

UNH below trendline support (blue line) could lead to a strong downside move.

Possibility of head and shoulders developing here.

JNJ has a more bearish look to it than UNH.

Keep in mind, the head and shoulders pattern is one of the most subjective chart patterns.

Understanding that both these names are healthcare should lead you to believe that these will move together.

JNJ also a top 10 holding in the S&P 500.

AMZN really starting to roll over here.

This is the first time since 2017 AMZN has traded below a key trendline.

For the last four years, AMZN has found a battleground at this trendline and bulls have lost the battle so far.

Now trading below support (purple line) – levels not seen since 2018.

This purple line could act as resistance if AMZN gets there again.

One more chart…

It should be noted that our 2-Day Trader system has still been profitable using bullish call trades throughout this bear market in 2022.

So don’t let the bearish charts discourage you.

They simply emphasize the fact that active management is more important now than ever.

In 2-Day Trader, we capitalize on short-term moves that occur within two trading days or less.

Long-term bias does not affect our confidence in our trading system – regardless of whether the system is long or short.

I’ll be going live Friday afternoon for a webinar.

I’ll give you more details on that soon.

Have a great week, I’ll talk to you all on Friday!

–Dylan

(Head Analyst)