26-Jan

Choppy Day!

The morning rally looked good, but then the sellers overcame the buyers, sending the indexes into negative territory. A late afternoon bounce closed the indexes positive. This is not the kind of action one wants to see if we are ready to rally off the bottom here. You want to see rallies hold and consolidate. We did manage to close positive but the financials continue to weigh heavily while traders are eager to take profits whenever they can.Reminder FED meets tomorrow with policy announcement on Wednesday.

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