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Investmenthouse.com Weekend Update for January 22, 2017

There is an interesting change in tide, the bulls have reached 60 and have been above that level for two weeks now.  This is a possible point where the buyers are finally exhausted on this run-up and now it’s time to see if the 60+ reading will hold after 20 years according to the site.  Here is the summary:

MARKET SUMMARY

– Inauguration in the books, Trump presidency starts, market still waiting
to see what happens.
– Earnings beats, earnings misses fairly evenly split in what is thus far a
let down season.
– PBOC lowers reserve requirements, an odd move given how it is supposedly
improving economically.
– Plenty of good stocks in good positions ready to go if they get a reason
to do so.

 

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