The turn probability summation system values are again elevated for every cotton picking day of this week with a peak value on Friday January 9th closely followed by high values on Tuesday the 6th and Wednesday the 7th, not much help I'm afraid.   My new revised simplified system which I am still tinkering with only points to a turn on Wednesday January the 7th.  

Last week the summation system which also had elevated system values all week with a peak on Friday January 2nd did appear to tag a low in the DJIA at that peak on Friday as shown on the marketwatch.com plot below, but that will have to be confirmed by trading this coming week.  

The equity put/call ratio shown below also points to a low last Friday, so maybe up is the path of least resistance at least for a couple of days.

Regards,

Douglas

Normally bullish BOWLEY warns!  Has a fairly good record... 

 I am STILL LONG but there was very heavy SELLING LAST week. Will add ES, NQ, YM HEDGE shorts to go flat 

I do not want to be LONG now...   do not want to be SHORT now... maybe  just daytrade until I feel comfortable about the market. Early in the year so not really concerned about returns etc

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TOM BOWLEY: As we look ahead to 2026, what could go wrong? Plenty.

First of all, the S&P 500's three-year return as of October 2025 nearly touched 90%, which has only been achieved on five other occasions. Below is an S&P 500 monthly chart, showing the history of such significant gains and what happened subsequently.

https://articles.sto...ng-be-prepared/

condemn the attack to Venezuela. But wait a moment, someone is missing to the list. Oh yes, now I remember who is the lat one of the list. The most intelligent of them all. The italian leftist parties and their voters.

You know, smartness comes from father to son and they are all sons of the most valued astrophisicians. In what a @@@@ of ''so called'' country I didn't choose to be born. 

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the Acc. and obv, better than you'd think it would be, bullish MACD hist divergence, at lower bb, slow stochs. 17, I prefer them under 10 cmf just turning red after a sizeable decline, tech sentiment improves I think it goes higher.

https://schrts.co/GtcwHtBS