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Wednesday, January 20, 2021 9:58:47 AM
By: Marty Armstrong | January 19, 2021
The Dow remains vulnerable to the illusion of the politics we really face. The greatest problem with a Republican form of government is they can run promising a free car for everyone and then never deliver. The Military seems to prepare for war already which is why the brass and the Intelligence agencies were against Trump. They are planning on undoing the peace accords of Trump in the Middle East. Note that our volatility model rises this week and we have a turning point from here into early February. A break of last week's low of 30612.67 may then spark the test of technical support which starts at 30270. A break of that point to a test of 29200 level. A closing below the 29845 level on Friday would warn of a drop into early February.
Biden's policies will be socialistic and with John Kerry as the Climate Czar, Klaus Schwab and Bill Gates will have their way with the White House. They will continue to escalate all deaths calling them COVIS to justify attempting national lockdowns. Expect confusion into early March and we will be running all our models to ascertain just how dramatic the 180 degree turn in politics will impact the world economy and the USA.
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Information posted to this board is not meant to suggest any specific action, but to point out the technical signs that can help our readers make their own specific decisions. Caveat emptor!
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