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Post Holiday Blues January 2, 2015

Posted by Tom in Thoughts.
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Maybe it’s a holiday hang over or just that many traders are on vacation, but the market this week was pretty sluggish.  Volume was low and there didn’t appear to be much direction.  Things just look soft.

Some of my more sensitive indicators have backed off from very Bullish to just Bullish; Sentiment remain positive for now.  It looks like we’re going to have to wait until next week to see if there is any interest in moving higher, or lower.  Right now I think it’s almost a 50-50 chance.

Price chart is below for reference (click on it to enlarge).  I have posted the January newsletter under that tab with more charts and comments.  Have a good week.     ……….. Tom  ………

NASDAQ

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