About this episode
Wall Street axioms can be fun, but remember that they're based on historical averages. Which brings up the January Barometer: As go the first five trading days of January, so goes the month; and as goes the month of January, so goes the year. Markets eked out a positive day on Wednesday to barely produce a positive string of five trading days. But anything can happen. One thing to be wary of: The 20-DMA is close to crossing the 50-DMA. Markets have been doing okay in a continuation of consolidating that began back in August, but the proximity of those two moving averages to one another is creating downward pressure on prices. If markets are going to move higher and produce a positive month, that needs to start on Friday. Hosted by RIA Chief Investment Strategist, Lance Roberts, CIO Produced by Brent Clanton, Executive Producer ------- Watch the video version of this podcast: https://www.youtube.com/watch?v=RCfM5mTOJBc&list=PLwNgo56zE4RAbkqxgdj-8GOvjZTp9_Zlz&index=1 ------- Get more info & commentary: https://realinvestmentadvice.com/insights/real-investment-daily/ ------- Visit our Site: https://www.realinvestmentadvice.com Contact Us: 1-855-RIA-PLAN -------- Subscribe to SimpleVisor: https://www.simplevisor.com/register-new -------- Connect with us on social: https://twitter.com/RealInvAdvice https://twitter.com/LanceRoberts https://www.facebook.com/RealInvestmentAdvice/ https://www.linkedin.com/in/realinvestmentadvice/ #JanuaryBarometer #DMACrossOver #DownwardPricePressure #MarketRisk #OverBought #OverSold #20DMA #50DMA #MakretRally #Expectations #MarketIndicators #InvestingAdvice #Money #Investing