The outlook for Thursday was for stocks to attempt to move to the next level of resistance at the 2050 valuation. By the close of today however, stocks had moved beyond that level and closed above 2060. Tonight’s market direction outlook is reserved for members as the market has made a pivotal change once again and this requires strategy changes for members to consider and reflect on.
Advance Decline for Jan 22 2015
Volume today moved higher by over 400 million shares to almost 4.2 billion. Of that volume 81% was higher and just 19% lower. The bulls took charge today and sent 239 stocks to new 52 week highs while new lows fell further back with just 39 new lows. The volume tells today’s story. The market was on fire within the first half hour and never looked back.
Market Direction Closings For Jan 22 2015
The S&P closed at 2063.15 up 31.03. The Dow closed at 17,813.98 up 259.70. The NASDAQ closed at 4,750.40 up 82.98.
The remainder of the market direction outlook is for FullyInformed USA Members.
Market Direction Outlook, Investing Strategy Notes and 6 Trade Ideas for Jan 23 2015
FullyInformed USA Members can read the latest market direction outlook strategy article and trade ideas directly through this link or they can sign in to the full USA site here. Non-members can join here or read about the benefits of a membership.
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