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.
Recap
No selloff. No strong rally. Started the week with a 3 push up to Y+1 for a staged selloff back down to Y-1. Rinse and repeat. Closed the week ...
Lawrence's Comment
Recap
Aussie tried to hold Y-1 in tight range and failed. 100% expansion of the tight range tagged. Closed the week below Y-1 and near week low.
Outlook
Ledge break ...
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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