 get over to our man and kick this new year off right folks our man mr. Basil Chapman and don't forget Basil does an outstanding show here every trading day 10 to 11 eastern standard time as a great newsletter the opening call now it's very easy to get the opening call folks come over to our website at tfnn the random newsletters you're going to see you hit the newsletters coming on left-hand side you just hit the opening call you can get it for one month for $149 you get six months for $695 which is the savings of $199 or 22% and you get it for one full year for $1195 which is the savings of $593 or 33% now folks they all come with a 30-day money back guarantee so as you're checking it out you can get the six month you get the year you like it great you can keep it something doesn't work for you 30 days just you get your full money back Basil has an outstanding newsletter has some archives out there that really explained to you how he looks at the market and how you ride that wave and ride that wave into 2023 Basil Chapman happy new year happy 2023 can you imagine just they move along so quickly don't they oh scary man I guess you can't you just kind of think about it man no it is going to go well especially for those who have to look at the market every minute of the day so we're just so lucky I mean you know what a great business to be in I mean you know and we win and lose folks that's not what I'm saying it's just that's an exciting business that's the bottom line you know I treat it is there is no day that goes by that doesn't challenge your market intellect it just it pushes you it's funny even at my age even at the decades that I've been doing this I still feel that I'm learning every day I agree I that's what's so exciting I mean that's for me that that is the most important thing that it's education for me and I also feel that I'm trying to educate my subscribers and I think we we're getting there yes totally okay here we go talking about talking about patterns if you think about the day if you look at this pattern on the right that's let me show this is the dating this is the weekend this is the monthly and I know I always talk about the dollar the dollar is only 30 stocks but wow what 30 stocks it really represents and especially at this particular time a perfect emblem and encapsulation of the market itself because we're looking even in the short term when you've got this tussle going on you can see it in the chart we are stuck between thirty three thousand four thirty three thousand four hundred and thirty three thirty two thousand seven hundred stuck it there for over a week and that in this market that's a long time to be stalling but I think when I'm looking at it the the homework I did over the weekend I had for my subscribe to my opening call had another one of my hour videos for Saturday overview because we were looking at all different things almost I tried to treat it almost like an educational video so the thing I looked at was there's such and I've been talking about this for the whole year the selectivity the rotation when there's a correction even within a sector you can have some just even a couple of the stocks in the sector holding the market up that particular sector well and quite a lot of them are just looking terrible so this is individual individualization so if people are looking and they have their favorite stock and it's been acting quite well don't don't listen to the soothsayers look at your stuff if you feel comfortable put your stop in don't be afraid because if it's holding well in this environment that's a good sign that's relative strength and I like that so I just wanted to throw that out because a lot of people are listening to the news I know I saw a lot of friends over the weekend having people I never took market to we just have fun together I talked about everything else and they all were just shaking their heads oh this morning 2022 but in fact I believe very strongly that a lot of people have a good eye they just don't believe in it and they really listen too much to what others are saying so I wanted to get that out the way when I'm looking at the market in the Dow if you consider that this is really being a we've had bear markets in every single in in just about every single index every sector in other words they're gone under 20 percent but look at this 36,952 in the Dow down to a low of the 28,000 and then it bounces and right now it's a 33,000 in a in a way I I'm kind of impressed but it's very selective I can't say the same thing about the other indices so I'm going to say that for the subscribers to open a call we are still trading we're still along the Dow we're still along the three times Dow we're treating it as trading positions get in and out core positions as well but for day traders we have trades that last a day or two and take profits or we take a very small loss that's something separate but for subscribers and I've been showing this to in my overview on the weekends when I show the kind of things that we're looking at for 2023 I'm still sticking to the premise that if if I'm able to satisfy subscribers by having stocks in between one dollar and two dollar I have stocks that are in the teens stocks that are in the in the double digits stocks that are in the in the triple digits now I'm looking at stocks forgetting about price but I want to have a range for subscribers so that if they just want to put a small amount of money to work they can do that and I always say to them you're not taking your one dollar stock and buying 300 000 of them you're not going to make your fortune on the one dollar stock don't do that it is just part of your portfolio small part cheated as a trade and that's that's what I like to do but the other thing is within the context of the markets themselves we are starting to see a couple of stocks I'm going to mention this we haven't got into it but it's so fascinating GE I mean they did everything that was just a textbook for Harvard students in economics to to see what was done wrong from 2001 I mean everything buying oil at the wrong time buying the financials but I think GE started to improve a lot so this is on my radar but it's going to split tomorrow it starts off with a split I think I'm going to go to the healthcare so it's a little difficult if you had to buy today then tomorrow you've got the split and you got to figure things out it gets a little complicated so I'm looking at GE because I think GE is starting to improve because the cyclicals based on say Boeing are based on the really heavy-duty stuff I think that we are starting to see some improvement in the cyclicals but you cannot get a market that's going to move very strongly unless you get the SMHs the semiconductors moving at about six months a guy said I would not be surprised if we start to see a glut in the chip area and the whole thing is going to be does the glut come just as the automobile companies and all the other companies that need the chips are actually slowing down so it's a double hit for them or is it going to be at the time when it's most desirable and they're getting a little discount on there on the chips so this is going to be very important for the semiconductors and trading at 206.95 right now so 201.40 if the SMHs in January are even able to touch 215, 217 that'll be at least a good sign but if they break down and you start to see them 195 that's not that's not a good sign at all so I'm looking at the sectors and say what can you help me with but even in the semis there are a couple that have held very well but I need the actual index itself to show that there's strength because as you and I have spoken about for so long the chips really need I consider the chips to be like the oil used to be for well still is for the whole of the 20th century then 21st century it was essential to almost everything chips have become the oil of the 21st century so I think that's really important so I've got the things that we're looking at we've got positions that we're starting selectively built a lot of cash for for subscribers so that we can get into new positions in January February so we're looking at entry points and very selectively so I we're in a good position to start buying very soon and folks it's very easy you guys newsletters come over to our website you can get that newsletter to opening call but I love a great one say fun we look forward to show tomorrow thank you calm youtube stay right there folks if you want to