As much as I expected to have a clear direction by now, we obviously do not. V has been average but I expected more and it has led to mixed singles throughout indices. The NASDAQ seems to have the most strength right now, but the major players don’t seem to be the ones fueling the move, in fact, GOOG and AAPL are some of the weaker ones in the sector, with a strong day Friday. Going forward, we don’t have any economic data on Monday, but some every day the rest of the week. Thursday, once again has the heaviest mkt. effecting data with initial claims and retail. Right now we are slightly trending up, the DOW is right on long-term resistance, the others have all broken through. Economically, things are still bearish but with (false) shades of improvement, the charts are still slightly bullish but still look like they are topping. So let’s check out this week’s video, shall we?
Good analysis on your vid.
Mkt just seems to be going up and up – move up since the 1st trading day of the year – i wouldn’t count as sideways. Crazy how S&P and Dow are being bought at current levels.
I agree, great point it is truly an up trend, but if you saw last week’s video, historically there is an early apparent trend in January. Great clarification though, and thanks for the comment and view. AKOT