Week in Review - Saturday Jan 18th

I have very little to report this week, except for losing potential gains in NVDA because I was greedy.

But there is good news…

After the market hit its’ third lower low, it rallied and had two legitimate accumulation days during the rally. The correction isn’t over, but the odds are good that this week marks the beginning of the end.

After the first accumulation day I did look to open positions in a couple stocks but price did not move in my direction either day.

After Friday’s above average volume close I’m going to try again when the market opens next week and see what I can get started. I’ve been monitoring my watchlist closely and have about 100 stocks on it right now.

Only three are actionable when the market opens Tuesday, it’s closed Monday for Martin Luther King Day, but I’m going to go through the list again this weekend to see if there’s anything that I missed.

In the past I have made mistakes with progressive exposure and I’m not going to victimize myself with it this time too. I’ll be sticking to my progressive exposure rule all week long and we will see what my portfolio looks like by Friday.

Going into next week I have 94% cash with the rest in $ONON.

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