Happy New Year… Now back to work.

Everyone is expecting a lousy first quarter. Whether or not this becomes self-fulfilling prophecy is yet to be seen. But this week it’s unlikely we’ll have major movement. It’s a short week, and many there is a lull before holiday data starts getting reported.

The key spot to watch is 3930 on the upside, and 3787 on the low side. Neither of these numbers is ‘firm’ in that it’s a specific price point. Rather these are price ‘areas’ where the 100-day and 50-day prices changed direction. So they’re not really support numbers. They could be a decent way to evaluate whether or not the market trend is about to break out and move in another direction though.

The last two weeks of 2022 were pretty range-bound and sideways. There’s some evidence to suggest we could be setting up for a similar move for Q1 of this year.

Later this week I’ll put our the 2023 projections. They’re… mostly done already.  I just want to put a little more polish on the possible downside risks. Until then, we’ll watch the short-term moves of this market to see what kind of directional trends (if any) start to emerge.


Please remember that past performance may not be indicative of future results. Different types of investments involve varying degrees of risk, and there can be no assurance that the future performance of any specific investment, investment strategy, or product (including the investments and/or investment strategies recommended or undertaken by Littlejohn Financial), or any non-investment related content, made reference to directly or indirectly in this blog will be profitable, equal any corresponding indicated historical performance level(s), be suitable for your portfolio or individual situation, or prove successful. Due to various factors, including changing market conditions and/or applicable laws, the content may no longer be reflective of current opinions or positions. Moreover, you should not assume that any discussion or information contained in this blog serves as the receipt of, or as a substitute for, personalized investment advice from Littlejohn Financial. To the extent that a reader has any questions regarding the applicability of any specific issue discussed above to his/her individual situation, he/she is encouraged to consult with the professional advisor of his/her choosing. Littlejohn Financial is neither a law firm nor a certified public accounting firm and no portion of the blog content should be construed as legal or accounting advice. A copy of the Littlejohn Financial’s current written disclosure statement discussing our advisory services and fees is available for review upon request.