We are at the midway point of the first week of the new year, and things are only going to start getting a little more interesting heading into tomorrow’s jobless claims, and Friday’s employment number. Particularly Friday, we should see a significant move in one direction or the other. As it stands right now the Nasdaq and S&P are looking real good from a technical standpoint, and look to move higher still. My only knock at this point, is that the markets are severely overbought on pretty much every indicator I look at, which might have to be worked off some before the next move higher can commence.
Nasdaq
S&P
