JANUARY THAW. FEBRUARY FREEZE?

JANUARY THAW
FEBRUARY FREEZE?

The major market indices have failed to follow through after a strong January.
To date, the S&P 500 has slid to a 1.04% YTD (Year-to-Date) return. The Dow Jones Industrial Average has backed down to 1.25% YTD, while the NASDAQ clings to a 2.39% gain.

The Author’s Quantum Multiplier has returned 8.38% YTD, but has slipped recently as oil stocks lost leadership and as emerging foreign markets have given up some of their handsome 2006 gains.

So where are we at? Shot and medium term indicators are reversing, but the long term indicators remain positive. The Author recommends taking some partial gains, tightening up stop loss orders, and scaling in new positions.

A SLOW DAY IN THE DESERT OF THE REAL!