Trading Edges That Last
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Dow 30 Jan 02 to Jan 06 Outlook
Lawrence’s Comment
Held up pretty well for 2 days. Then euro collapsed and dragged everything lower. Yet, Dow managed to drift higher and closed the week at midpoint.
Outlook
End of year bullish bias is used up. Time for a more serious pullback to happen.
Remember first week of a year is a pivotal week and can affect the way how the rest of the year will behave.
Be very careful trading the 1st week of a year. It can be surprising in many ways.
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