市场分析
WEEK IN REVIEW Market Recap and General Outlook
Once it was clear Democrats won the senate investors rushed into stocks assuming fiscal spending frenzyThe Wednesday rally was cut short on riot at the CapitolStocks surged on the certification of Biden’s winThere was surprise loss in jobs; 140,000 jobs lostStocks have been choppy on FridayThe time is right for a topIndex and Bond Updates
Major indexes are up between .5% – 1.3% for the weekRUT is up around 5%30-Year bond market is down about 2.25%10-Year yield is up to 1.10%, likely to go higherGold is down over $40 for the weekTThe Dollar is up about .2%The Oil market is up more than $3.00
MARKET WEEK – Gold Market – 1-3 MONTH VIEW Gold Futures – (/GC)Breakdown is negative for the short termBreaking $1806 would be negative for the big pictureLook for an attempted rally before chopping downNegative momentum for the short termLonger term momentum is still positive MARKET WEEK – STOCK MARKET 1-3 MONTH VIEW
S&P 500 – (SPX)
Projected for a correction to around the $3435 areaLikely to make top in the next 1-2 weeks before correction$3510 is likely the best case on the downsideMomentum is still positiveRussell 2000 Index – (RUT)A correction is likely comingProjected for some higher highs before turn downDownside target is around $1840Has reached the highest level of an overbought conditionLooking for a decline from around early February to early March
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