Minor chop to begin the year

The first two trading days of the year have begun with some minor weak chop. Equity bears were teased over and over again across 2013 with many tiny little pull backs of 1-2%, only to see the market push back upward. The next few months look to be little different.


sp'weekly8 - mid-term bullish outlook

sp'weekly4 - hyper-bullish outlook

Summary

An interesting start to the year...

I'm holding to the original outlook from last summer. A sub'4 down in late Jan/early Feb..before a final lurch higher into March/May.

Goodnight from London
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*The weekend post will be on the World Monthly indexes