Wednesday, December 28, 2016

A correction on the horizon?

Mid-week market update: It's always nice to take a few days off during the holidays, except all that I got for Christmas was a cold. The stock market doesn't seem to be doing too much better as it tests the bottom of a narrow trading range during what should be a period of positive seasonality.

None of the other major indices, such as the DJIA, NASDAQ, or Russell 2000, have broken support. The one exception is the Dow Jones Transports.

My inner trader has a number of tactical concerns as we look ahead into January.

The full post can be found at our new site here.

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