Last week was seasonally a good week for the stock markets, even in the 2nd year of a new President.
It wasn't this year.
Shutdown fears and horrible jobs numbers will do that.
The MACD of $NYUD shows a potential "T" top around the 12th (Weird Wally Wednesday)
I have seen surprise rallies at the end point of T's.
CNN'S Fear and Greed index is neutral at 52% bulls.
AAII Sentiment is also fairly neutral.
McSum is trying to roll over.
The NYSE continues to look toppy but it made another monthly all time high before pulling back to a positive $2.15 change for January thus far. The current price is below the highs of the last 3 months.
Mike Burk's data shows that the second Presidential year is the one where you "Go away in May" (mid April).
So I'm thinking that any WWW rally would be short-able for a trade.
Edited by Rogerdodger, 08 January 2022 - 09:33 PM.
