Stock Market Analysis – 01-23-2009

January 25, 2009 at 7:25 pm · Filed Under Broader Market 

SPY Daily Chart

The first week of Obama ended up being pretty choppy.  We’re still in the January downtrend, but support seemed pretty strong, holding $800 on the S&P 500 pretty well.  Keep watching the progress on the new stimulus plan and the ongoing earning reports this month.  Caution is still the key.

Comments

Leave a Reply