Be Patient for Confirmation (market turnaround)

[] (steering clear of overbought) [View in browser]( [View in browser]( [] JAN 03, 2024 [] [] GUY COHEN’S TRADE RADAR The Art of Timing the Inevitable Retracement So we’re still getting those warning signs including price overextension, gapping, doji candles, and monorail bars but so far no confirmation as the market continues to display extraordinary resilience. As expected during a festive season week, price action was unspectacular and inevitably sideways. What does that mean? Well, there's not much selling action yet, and price drift isn’t being accompanied by volume. So there could well be another hoorah in this bullish cycle, and it could even extend to the upcoming January earnings season. As I alluded to earlier, there are many consolidations occurring right now, but the vast majority of them are from overbought levels. This tells us we’re in a serious uptrend, but that we’re due a meaningful retracement very soon. The question is … when? Well, that will be sometime after a proper confirmation that a top is in. And the timing of that could be any time from now to the middle of earnings season. In the meantime just don’t be tempted by already overbought issues. Stick to our game plan — you’ve just seen how amazing it is, and I can promise you there will be many more opportunities in 2024. When we do get the inevitable retracement, I expect it to be down to a Key Level and followed by an increasing number of Bullish Shrinking Retracement patterns, which will set the scene for further upside in 2024. I expect this scenario to materialize during Q1 of 2024. So, as with the last few weeks, resist the urge to chase overextended issues. [Click here to watch now!]( Follow the money, — Guy Cohen [] [] Dive into the 2024 Gold Rush: Uncover the Supercycle! Discover the power of "Acceleration Cycles" to enhance your gold trading strategy. Join our webinar to explore the potential of this once-in-a-generation opportunity. [Seize The Supercycle Advantage – Reserve Your Spot Today!]( [] [] PROSPERITY PUB MARKET TALK U.S. Office Owners in a 2024 Debt Crunch: The $117 Billion Refinancing Scramble Brace yourselves, folks! The U.S. office building owners are about to take a wild ride on the 2024 debt rollercoaster, with a staggering $117 billion in loans coming due for refinancing. Leading the charge, Manhattan's got 40 loans on the line, while cities like Houston and Los Angeles are also in the mix. It's like a financial version of 'The Amazing Race', but with higher stakes and no pit stops. Imagine, post-pandemic, these properties are more like ghost towns than bustling beehives of productivity. This puts landlords in a pickle: high interest rates on one hand, and their skyscrapers practically echoing with emptiness on the other. It’s not just a matter of refinancing; it's about staying afloat in an economy where the office space game has changed. And the plot thickens with big banks, acting like nervous nannies, ready to unload debts quicker than a kid ditching broccoli. It's a fiscal frenzy, where every move could trigger an economic tremor. This isn’t just a story about big bad loans; it’s about the ripple effect that could shake everything from retirement plans to the national economy. So, as this saga unfolds, keep your eyes peeled. It's not just about real estate anymore. It's about how a skyscraper-sized debt challenge could reshape our financial landscape. Will it be a crash or a smooth landing? 2024 is ready to spill the beans. — The Prosperity Pub Team [] [] [] ___________________________________________________ [] [] JAN 03, 2024 [] [] GUY COHEN’S TRADE RADAR The Art of Timing the Inevitable Retracement So we’re still getting those warning signs including price overextension, gapping, doji candles, and monorail bars but so far no confirmation as the market continues to display extraordinary resilience. As expected during a festive season week, price action was unspectacular and inevitably sideways. What does that mean? Well, there's not much selling action yet, and price drift isn’t being accompanied by volume. So there could well be another hoorah in this bullish cycle, and it could even extend to the upcoming January earnings season. As I alluded to earlier, there are many consolidations occurring right now, but the vast majority of them are from overbought levels. This tells us we’re in a serious uptrend, but that we’re due a meaningful retracement very soon. The question is … when? Well, that will be sometime after a proper confirmation that a top is in. And the timing of that could be any time from now to the middle of earnings season. In the meantime just don’t be tempted by already overbought issues. Stick to our game plan — you’ve just seen how amazing it is, and I can promise you there will be many more opportunities in 2024. When we do get the inevitable retracement, I expect it to be down to a Key Level and followed by an increasing number of Bullish Shrinking Retracement patterns, which will set the scene for further upside in 2024. I expect this scenario to materialize during Q1 of 2024. So, as with the last few weeks, resist the urge to chase overextended issues. [Click here to watch now!]( Follow the money, — Guy Cohen [] [] Dive into the 2024 Gold Rush: Uncover the Supercycle! Discover the power of "Acceleration Cycles" to enhance your gold trading strategy. Join our webinar to explore the potential of this once-in-a-generation opportunity. [Seize The Supercycle Advantage – Reserve Your Spot Today!]( [] [] PROSPERITY PUB MARKET TALK U.S. Office Owners in a 2024 Debt Crunch: The $117 Billion Refinancing Scramble Brace yourselves, folks! The U.S. office building owners are about to take a wild ride on the 2024 debt rollercoaster, with a staggering $117 billion in loans coming due for refinancing. Leading the charge, Manhattan's got 40 loans on the line, while cities like Houston and Los Angeles are also in the mix. It's like a financial version of 'The Amazing Race', but with higher stakes and no pit stops. Imagine, post-pandemic, these properties are more like ghost towns than bustling beehives of productivity. This puts landlords in a pickle: high interest rates on one hand, and their skyscrapers practically echoing with emptiness on the other. It’s not just a matter of refinancing; it's about staying afloat in an economy where the office space game has changed. And the plot thickens with big banks, acting like nervous nannies, ready to unload debts quicker than a kid ditching broccoli. It's a fiscal frenzy, where every move could trigger an economic tremor. This isn’t just a story about big bad loans; it’s about the ripple effect that could shake everything from retirement plans to the national economy. So, as this saga unfolds, keep your eyes peeled. It's not just about real estate anymore. It's about how a skyscraper-sized debt challenge could reshape our financial landscape. Will it be a crash or a smooth landing? 2024 is ready to spill the beans. — The Prosperity Pub Team [] [] [] ___________________________________________________ [] [] ABOUT US: We believe that the opportunity for financial literacy and freedom belongs to all people, not just those who already have years of investing experience. Prosperity Pub provides an array of educational services and products that will help you navigate the markets and become a better investor. Trading is made simple through our online forum full of trading techniques to give you the best tools to kick-start your investing journey. We offer collaborative webinars and training; we love to teach. No matter the opportunity, we bring together a strong community of like-minded traders to focus on analyzing market news as it’s presented each day. DISCLAIMER: FOR INFORMATION PURPOSES ONLY. The materials presented from Prosperity Pub are for your informational purposes only. Neither Prosperity Pub nor its employees offer investment, legal or tax advice of any kind, and the analysis displayed with various tools does not constitute investment, legal or tax advice and should not be interpreted as such. Using the data and analysis contained in the materials for reasons other than the informational purposes intended is at the user’s own risk. DISCLAIMER: TRADE AT YOUR OWN RISK; TRADING INVOLVES RISK OF LOSS; SEEK PROFESSIONAL ADVICE. Prosperity Pub is not responsible for any losses that may occur from transactions effected based upon information or analysis contained in the presented. To the extent that you make use of the concepts with the presentation material, you are solely responsible for the applicable trading or investment decision. Trading activity, including options transactions, can involve the risk of loss, so use caution when entering any option transaction. You trade at your own risk, and it is recommended you consult with a financial advisor for investment, legal or tax advice relating to options transactions. Please visit [( for our full Terms and Conditions. [Unsubscribe]( This email was sent to {EMAIL} by Prosperity Pub 101 Marketside Ave, Suite 404 PMB 318, Ponte Vedra, Florida 32081, United States [Prosperity Pub]( [] ABOUT US: We believe that the opportunity for financial literacy and freedom belongs to all people, not just those who already have years of investing experience. Prosperity Pub provides an array of educational services and products that will help you navigate the markets and become a better investor. Trading is made simple through our online forum full of trading techniques to give you the best tools to kick-start your investing journey. We offer collaborative webinars and training; we love to teach. No matter the opportunity, we bring together a strong community of like-minded traders to focus on analyzing market news as it’s presented each day. DISCLAIMER: FOR INFORMATION PURPOSES ONLY. The materials presented from Prosperity Pub are for your informational purposes only. Neither Prosperity Pub nor its employees offer investment, legal or tax advice of any kind, and the analysis displayed with various tools does not constitute investment, legal or tax advice and should not be interpreted as such. Using the data and analysis contained in the materials for reasons other than the informational purposes intended is at the user’s own risk. DISCLAIMER: TRADE AT YOUR OWN RISK; TRADING INVOLVES RISK OF LOSS; SEEK PROFESSIONAL ADVICE. Prosperity Pub is not responsible for any losses that may occur from transactions effected based upon information or analysis contained in the presented. To the extent that you make use of the concepts with the presentation material, you are solely responsible for the applicable trading or investment decision. Trading activity, including options transactions, can involve the risk of loss, so use caution when entering any option transaction. You trade at your own risk, and it is recommended you consult with a financial advisor for investment, legal or tax advice relating to options transactions. Please visit [( for our full Terms and Conditions. [Unsubscribe]( This email was sent to {EMAIL} by Prosperity Pub 101 Marketside Ave, Suite 404 PMB 318, Ponte Vedra, Florida 32081, United States [Prosperity Pub](