All major U.S. indices closed in negative territory last week, led by
the tech-heavy Nasdaq 100, which ended down 2.1% in January.
As I said in last week's report,
even though the recent sideways trading activity tends to lull people
to sleep, this is a time when investors should be paying particularly
close attention to day-to-day market movement. These periods of investor
indecision typically become the springboard for the next investable
intermediate-term trend. (more)
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