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 →