WEEK IN REVIEW
WEEK IN REVIEW
Market Recap and General Outlook
Once it was clear Democrats won the senate investors rushed into stocks assuming fiscal spending frenzy
The Wednesday rally was cut short on riot at the Capitol
Stocks surged on the certification of Biden’s win
There was surprise loss in jobs; 140,000 jobs lost
Stocks have been choppy on Friday
The time is right for a top 6park.com Index and Bond Updates
Major indexes are up between .5% – 1.3% for the week
RUT is up around 5%
30-Year bond market is down about 2.25%
10-Year yield is up to 1.10%, likely to go higher
Gold is down over $40 for the week
The 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) 6park.com Breakdown is negative for the short term
Breaking $1806 would be negative for the big picture
Look for an attempted rally before chopping down
Negative momentum for the short term
Longer term momentum is still positiveMARKET WEEK – STOCK MARKET 1-3 MONTH VIEW 6park.com S&P 500 – (SPX)
Projected for a correction to around the $3435 area
Likely to make top in the next 1-2 weeks before correction
$3510 is likely the best case on the downside
Momentum is still positive 6park.com Russell 2000 Index – (RUT)
A correction is likely coming
Projected for some higher highs before turn down
Downside target is around $1840
Has reached the highest level of an overbought condition
Looking for a decline from around early February to early March
贴主:保3奔4冲5于2021_01_10 20:13:20编辑
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