Recap Dow updrift / seasonal took it to upside target of Y+2. Stalled since. Closed the week above Y+1 and midpoint.
Outlook Seasonal strength ended last week. Low volume environment can work both ways. If there is not much news shock to bear, consolidation in tight range is expected. If there is news shock, Dow can swing wildly without long term implications.
Lawrence's Comment
Recap
Pullback to Y-0 and took off immediately. Got the upside target 12900 as mentioned last week. Closed the week at Y+1 and midpoint.
Outlook
So far Dow has failed ...
Lawrence's Comment
Recap
Drifted back up to Y-0 as expected. Sideway actions since. Closed the week below Y-0 and near week low.
Outlook
The expectation of retesting Y-1 is still in play. ...
Dow 30 Dec 30 to Jan 03 Outlook
Lawrence’s Comment
Dow updrift / seasonal took it to upside target of Y+2. Stalled since. Closed the week above Y+1 and midpoint.
Outlook
Seasonal strength ended last week. Low volume environment can work both ways. If there is not much news shock to bear, consolidation in tight range is expected. If there is news shock, Dow can swing wildly without long term implications.
Best to stay away until after new year.
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