Market Outlook Analysis
There is a lot to learn by studying price action and volume, otherwise known as technical analysis. The market reflects the consensus view of participants. As economic data is reported, the market adjusts. In this Outlook, I review the technicals/price analysis of this market, economic cycle.
In this outlook, I will focus on technical/price analysis. Technical analysis is focused on the trend of prices, and is not concerned with what a company does, or its valuation.
This market is acting peculiar this late in an economic and market cycle; some of it has to do with the new President. Many of us did not anticipate the results of the election. Also, when there is this much change and uncertainty the markets normally become more volatile.