My risk summation system predicts that the day this coming week with the highest risk of seeing a turn in or acceleration of the current trend in the DJIA is Monday January 6th. It is not entirely clear if the 6th is a new risk window or merely part of a larger window stretching from last Friday the 3rd. Time, as always, will tell the tale.
Last week looks like the Friday the 3rd risk window missed the low by a few hours, but I guess I should wait until Monday the 6th (see wider window possibility above) before I call last week's risk window a dud.
The answer to the risk window question above may be stirring in the bond market. Tonight the long bond is banging pretty hard on a very big trap door as can be seen in the two finviz.com plots below. If the door opens, I suspect the stock market will not be happy. If the old lows form support, then all is well. To badly mis-quote Johnny Cash, tomorrow I'll walk the line.
Regards,
Douglas
