Stock Market Today: January 1st - 5th, 2024

And finally here is a quick preview of next week's notable earnings releases courtesy of Earnings Whispers:

Have a great weekend everyone!

 

another interesting reversal in the market today. indices still struggling to find its footing in the new year. could be staring down at yet another red day to start the year. not a terribly encouraging sign for the bulls when the last trading day of the year and first trading day of the new year ends red, and now the entire week looks to be ending in the red to boot. not to mention the SCR has already ended in the red, and now the FFD (first five days) could be negative as well unless we get a strong monday next week. only thing we have left would be the january barometer. should be really interesting to see how this month finishes.

 

at the end of the day though, these early year indicators don't really mean too much for the full year. but, they are certainly a bit jarring to see no matter how you slice it. could be some indication that this year won't just be a smooth sailing year like we saw last year, and that this year could be met with some heightened volatility. yes, one could argue that the market was very overbought and well overdue for a pullback. needless to say, it's been a very interesting start to this new year so far

 

finally a green close in the new year...it wasn't much but think the bulls will take it.

have a great weekend guys!