From the desk of Vance Howard:
The markets are trading about as we would expect. With the strong run-up in January, a pullback and period of consolidation was warranted. There is room for the market to move either up or down, with the trend still up as identified by the HCM-BuyLine®. The S&P 500 has traded down to support and is close to the 200-day MA. Like I stated last week, volatility is to be expected.
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