Recap Dow updrift / seasonal took it to upside target of Y+2. Stalled since. Closed the week above Y+1 and midpoint.
Outlook Seasonal strength ended last week. Low volume environment can work both ways. If there is not much news shock to bear, consolidation in tight range is expected. If there is news shock, Dow can swing wildly without long term implications.
Lawrence's Comment
Recap
Move higher as mentioned last week. 100% absolute range expansion reached. Closed the week near the high of the week. Picture perfect STOPD swing.
Outlook
Congestion or pullback expected. ...
Lawrence's Comment
Recap
Dropped lower as expected. Cable tried to bounce from Y-2 but failed to clear Y-1. That opened the door to Y-3 and below. By end of the week Cable ...
Lawrence's Comment
Recap
Wild swings continues as expected. Dow flushed pretty much straight down after failing to clear Y-0. 150% range expansion stopped the drop and gave us a bounce beyond majority ...
Dow 30 Dec 30 to Jan 03 Outlook
Lawrence’s Comment
Dow updrift / seasonal took it to upside target of Y+2. Stalled since. Closed the week above Y+1 and midpoint.
Outlook
Seasonal strength ended last week. Low volume environment can work both ways. If there is not much news shock to bear, consolidation in tight range is expected. If there is news shock, Dow can swing wildly without long term implications.
Best to stay away until after new year.
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