A week with Hope

There are many ways to read the market. One of the popular ones is the super bowl indicator.  It is claimed that whenever NFC win the super bowl,  Bull market follows.   If that is indeed the case, tonight's win by Giant should bode well for the market.  What a game it was, it is one of the best super bowls I can remember.

From a grand schema point of view, however,the trend is still down, even though the downward momentum is slowed.  the last week was one of the best week for a long time, the market has overcome several obstacles along the way with the help from the FED.  our next resistance should be around 13000, we are only 200 points away from there, we should be very careful once the market approach that level.

Near term, we may see continued rebound in the next week.  the market landscape has improved quite dramatically, we have almost 50% of the stocks in NASDAQ 100 and SP 500 above their 50 MA.  The fear fact that permeated in January have lessen greatly, which could encourage retail investors to put their money to work and help market to go higher.

the small stocks have actually outshoned their larger cosins. These maybe due to the fact that the small stocks suffered most when market was down, and People sold last year because of "tax" reason are buying back those shares again.



There are areas seems intact even during the tumoil of January, which is argriculture (arg-business).  and with the inflation news everywhere, it might still a good place to bet.

The winter storm in china obvioulsy create some supply disruption of the coal, thus, the mining and coat could be a play too.

Even some consumer names are coming back, aro, dks etc..   So, maybe we can enjoy some upside movement next week.