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Market preview – week of January 20, 2020

Summary US markets are closed Jan. 20 for the Martin Luther King holiday. Globex markets are open but expect light volume. US markets resume normal trading Jan. 21. The S&P500 index  is too hot in the short term, and the overvalued market may surprise some investors. However the favorable season (for stocks) suggests the rally may carry on for a little while, especially if there is a minor pullback this week. Oil  is at a critical price level which will determine the direction it should … Continue reading