Hello Everyone,
Fed officials see higher rates for 'some time' ahead
https://www.cnbc.com/2023/01/04/fed-minutes-december-2022-.html
https://www.marketwatch.com/story/no-fed-official-expects-interest-rate-cuts-will-be-appropriate-this-year-minutes-show-11672859007
Nice shorts recently in the energy sector. Today precious metal stocks did great, GDX/GDXJ broke out of their bullish ascending triangle patterns.
The general market has been in a very choppy range, if it's going to hold up a bit longer, it needs to get its butt going and break out of this range!
On the negative side, the Nasdaq Highs-Lows differential is now just above zero area, where it has caused price reversals in the past.
On the positive side, the NYAD is moving up stronger than the market at the moment.
Jobs Report on Friday!
Matt
