Stocks on Track for Mid-January Low & Multi-Week Rally; Portend Feb ’25 Sell-off.
01/11/25 – “Stock indexes peaked on Jan 6th, precisely fulfilling expectations stemming from their intermediate cycle low on Dec 19th. That was/is projected to spur another sharp sell-off that should initially spike lower in the coming week (on PPI or CPI data?). The DJIA, S+P 500 & Russell 2000 turned their weekly trends down, corroborating the outlook for an initial spike low in […]
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