WEEK IN REVIEW
·        
Market Recap and General Outlook
·        
The stock market
chopped in a relatively tight range this week
·        
President-elect Biden
revealed a COVID rescue package on Thursday
·        
Bitcoin made some
large moves this week
·        
There was a surge in
bank stocks as they benefited from steepening yield curve
·        
Interest rates have
been moving up
·        
A bond market – bear
market is here
·        
Biden’s rescue package
plan may be tough to pass
·        
Upside in the stock
market is very limited
·        
CitiGroup – Panic Euphoria Model Chart is attached
 
·        
Index and Bond Updates
·        
Major indexes are down
between 1.5% – 2%
·        
30-Year bond market
gained about .5 point
·        
10-Year yields fell
about 2 basis points
·        
Gold is down about $18
·        
Silver is down 0.70
·        
Dollar up .6% on the
week
·        
Oil market is down
about .27 on the week
 
MARKET WEEK – SILVER – 1-3 MONTH VIEW
·        
Silver Futures – (/SI)
·        
Short term low is due
1/27 – 2/3
·        
$23.10 is a key
support level
·        
There should be a good
long side trade if it holds up
 
MARKET WEEK – GOLD – 1-3 MONTH VIEW
·        
Gold Futures – (/GC)
·        
If it stays in current
pattern it could get up to $2,175
·        
Under $1806 would be a
significant warning
·        
Minor bottom is due
around the second week of February
·        
There could be
significant upside if it can hold up over key period
·        
Likely to struggle
over the next month
 
 
MARKET WEEK –  STOCK MARKET 1-3 MONTH VIEW
·        
SPDR S&P 500 ETF –
(SPY)
·        
Looking for a
correction of around 10%
·        
We expect that we are
in a topping process
·        
Downside projection is
around $343
·        
The second week of
February through early March could bring more accelerated downside
·        
Upside momentum
·        
May – June is likely
to be a rebounding period
 

贴主:保3奔4冲5于2021_01_16 14:24:37编辑