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Strategies & Market Trends : Technical analysis for shorts & longs -- Ignore unavailable to you. Want to Upgrade?

To: Thrifty955 who wrote (52015)	1/4/2016 11:17:45 AM
From: Johnny Canuck	Read Replies (2) \| Respond to of 69640

Patience. Nothing is really going to happen in terms of setting a major market direction till we start to see more concrete retail numbers and analysts start to do channel check to see how the quarter and the year are going to shape up. Funds should start see money roll in from retirement saving contribution in the next few week also and they will be in no hurry to place in as in other years given the high volatility of late. The PMI number below 50 is one of the first data points but only one data point. In Las Vegas for the Consumer Electronic show so we will see what is being hyped this year and what are major disruptive technology trend. Consumer electronics is now more than 50% of technology related sales.