2019 stock market.....

We have one more day of 2018 for institutions to trade, then it is start of new trading year for 2019 on 2nd of January.....

Since all of us got 2018 end horribly wrong, now we have to start guesswork for 2019 trading year.....

Here are issues facing 2019 stock market :

- Slowing US and world economies...

-Trade war with China not resolved

- US fed still wants to raise interest rates

The above 3 issues will affect US stock market more than other world market.

Message of the market has been very clear from start of October.....

Nasdaq top formation started in January of 2018, so this slump may not be temporary....

We are closed on 1st, so it is a 4 day week.....

Jobs report is out on Friday and may spark another debate about Fed tightening....

Money allocation for 2019 into stock market @ this low low valuation may spark a rally to "resistance level "

After that, another test of next support, some saying it could be lower than recent lows....

SO...lot of theories on direction of market, but some stocks are behaving better than most...

No matter what your strategy for investing or trading is, but it is important to book profit quickly until stock market shows some stability.

When market breaks like it has, it takes months to find direction.

I will not be too euphoric on any rallies, it may be the perfect time to book profit and wait for pullbacks...this process may repeat several times.

IF I have to take a guess based on past serious pullbacks, real UP move may not start until October of 2019......

Good luck with your own strategy and comfort level.

BLOG does NOT give buy or sell.

Saleem