Re: MrJohnRoss' Account Talk
This coming week begins the final trading week for January. As the saying goes; "as goes January, so goes the year". So it will be interesting to see how this final week plays out.
As it stands now, the S&P is basically flat for the month (-0.34%). Keep in mind that pre-presidential years (like 2015) have had no losers for the past 76 years. That would seem to suggest that for the rest of January, the S&P better hurry up and go positive to fulfill it's predictive capabilities. Heh.
The S.T.A. is showing that this coming week has historically been fairly bullish, with two especially bullish days on tap. Let's hope history repeats itself this year. There's another old saying: "History doesn't always repeat itself, but it often times rhymes", which could be the case this year.
On this Sunday eve, stock futures are pointing to a lower opening. Dow futures are currently down -104 points. Let's see what it looks like tomorrow morning before the bell.
Good luck!
CURRENT ALLOCATION: 100% I AS OF C.O.B. 5/22/2017
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