Dow 30 Jan 02 to Jan 06 Outlook

Recap
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.