Monday, January 30, 2017

1/27/17 Trump Innagurated

The stock market closed the first week of the Trump presidency with gains, along with the Dow breaking 20,000 for the first time.  Today, the following Monday stocks got hit but still expecting Dow 20300 and S&P 2370 in the near future.


The S&P has vW's above 2370 that are triggered.



Russell



Nasdaq



Dow



The Dollar looks like it wants to test the 98.5 area.  See if bounces from there.  If holds that area, vW to 106.61 will still be triggered.



Oil has been riding along its 10ma and is just above its 50 ma.  If doesn't hold the 50 ma, it will likely test just below $50, and possibly $45.



Gold has so far bounced off the vM 1129.8 target area.



Bonds trying to bounce, but still has vM to 152'15



Copper vW to 2.7582 still working



XLF still has vW to 24.74 triggered.



IBB