Source ...
https://stockcharts.com/articles/tradin ... a-112.html
With the stock market, Tom Bowley is a Perma Bull imo. Ya gotta have a bias, for whatever time frame you trade.
I subscribed with his service back in 2011 for a year. It was fine seeing all that he offered. But we trade differently.
I would say he traded off daily charts, and not as a day trader. After analyzing a move up and a pullback, he would say in his room, "Enter somewhere around here." Ha ha. But he gave you all his ideas, and he would analyze any stock that people asked about. Pretty good at calling the overall market I would say. He looks longer term than me. I start with daily charts, but work down from there. When the market is not in a strong trend up or down, I tend to be a day trader on the indexes, with ETFs and futures, both long and short.
So I respect what he says, but calling the market long term is not for me. With the right stock and a good chart, I will make some swing trades, holding overnight until the chart changes.
As noted, his ideas have some value for me, but I am not a Perma Bull, nor a Perma Bear. Posting this is not intended to be controversial. It is just sharing information from a source I respect, even with differences.
Here are a couple of excerpts from his article on StockCharts.
The Fed and Inflation
On Wednesday, the Fed acknowledged it's winning the war on inflation. We'll probably see one more 25 basis point hike in the fed funds rate, but beyond that, I see a much more dovish Fed. I believe rates will come down later in 2023 and, if the January jobs report was any indication, a very soft landing is entirely possible. Growth with falling rates is NIRVANA for equity prices
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The Future Path
We've seen a very nice rally. January was one of the strongest on record, the 9th best January on the S&P 500 since 1950. Strong Januarys almost always result in very strong years. It's not a perfect science and certainly not a guarantee, but there's a lot of history that suggests the probabilities of a strong year increase substantially.
Charts posted are not recommendations. They are just a sharing of information.