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After 3 straight weeks down, it was good to put a stop to the downslide (although the volatility still does exist).
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SPX’s week 4 ranks as the 3rd best week within the 13-week 1st quarter period (HOT)
3rd best winning ratio
3rd best positive average gains
3rd best average gains
8th best negative average gains


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W4500’s week 4 ranks as the 10th best week within the 13-week 1st quarter period (COLD) ...

We saw some interesting action during the four day week producing a potential bottom to these January woes. Nothing is certain but the bulls do have a little momentum on their side as we run into earnings season.

Although the day ended in negative territory, Wednesday's reversal gave buyers some confidence and a reason to believe the worst was behind them, although technicians know a est of the lows is possible. The bulls followed up with modest gains on Thursday and a gain of over ...

Stocks were very strong early on Thursday and the Dow had a gain of about 275-points by noon ET, but the bears were not deterred and they put the pressure on yet again. The bulls made a half-hearted attempt during the final hours and were able to close the indices up modestly, and the Dow closed with a 116-point gain. Of the major indices, small caps lagged while the Transports and I-fund led.

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The market's recently activity is almost without description. You really have to see it to understand what is happening. It's the worst start to a new year, ever. There was some relief yesterday, if you can call a 249-point decline in the Dow relief. But it was hitting losses of over 560-points before an intraday reversal took the indices well off their lows, and in the case of the small caps of the Russell 2000, closed with modest gains. ...

Stocks gapped up sharply higher at the open on Tuesday and but it didn't take too long for the bears to make their move and push the indices lower, and by mid-afternoon we were seeing red. A 184-point gain turned into a nearly 90-point decline. A late rally helped push the Dow and S&P 500 back into positive territory for the close, but the Nasdaq, the Transports, and the small caps all ended the day with losses.

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