Monday, January 03, 2011

Stocks Begin The Year With A Rally


Today was the first trading day of the year and the stock market continues its rally with the bulls clearly in control.  Many traders will be watching what happens over the next 5 days as this is known as the "January barometer" which according to the Stock Traders Almanac sets the tone for the rest of the year.

From a cyclical standpoint the stock market should continue to rally as the 4 year cycle  predicts further upside for stocks in my opinion. My trading strategy is to be a buyer of dips.

2 comments:

Anonymous said...

Hi Kevin,
Can you give us a market projection based on the 4 year cycle?

Thanks,
Don

Anonymous said...

The last few days haven't been all that impressive , except for some of the div paying stocks .
Any comments on what you have seen so far ?
Thanks

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