Market Notes for 1/9-1/13
Recap of last week: Last week the market continued to chop in this range since the middle of December, pretty much trapping a lot of people trying to play the directional breakout. We noted last week that the market is likely to see some positive flows coming in, these flows were more cyclical as markets were buying certain sectors while selling big tech. Breadth last week was amazing on both down days so it was good to see some follow through upside on Friday.
Economic Calendar/Important Earnings for the week:
Monday
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