New Month Bounce?


Over the last eight trading days, the S&P 500 has traded in a very narrow range. For four days in a row, we have had downside action but the dipbuyers continued to bail us out and supporting the low. With window-dressing pressures now over, will the new month money be enough to hold us up? The SPX had put in 4 up weeks in a row and we are getting closer to a down week into the weaker February period. After hour, Amazon earnings are disappointing. That is putting a little pressure on the hot performing technology stocks.

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