US Market Outlook 01312024

This video has been translated into Arabic, Chinese, French, German, Hebrew, Hindi, Japanese, Korean, and Spanish. Please visit https://theuptrend.com/us-market-outlook-01312024/ Good morning, everyone, and welcome to Wednesday morning. It’s Stephen Whiteside here from TheUpTrend.com. In the pre-market this morning, things are fairly mixed. We do have the Dow trading higher while the S&P 500 and Nasdaq are trading lower. Now, the Dow is being led higher this morning by Walmart, which announced a stock split, and it is trading up, filling the open gap from back in November. Now, it is month-end. Month-end usually has a bullish bias to it, but this week is a little different. We’ve got a lot of earnings There’s a lot of economic numbers coming out. We also have the Fed meeting going on, which concludes this afternoon. We always look for volatility to expand after the Fed meeting comes to an end. Looking at the VIX, the VIX is still on a sell signal here, but is trying to break out, and we’re looking for a close above 14.02 on Wednesday to tell us that something new is happening in the VIX. But we know that the VIX has traded up to 15 over the past couple of weeks, and the market really hasn’t been that concern. So a breakout above 15 would certainly be a sign that the market is starting to change its bias from being bullish to being bearish. Stephen Whiteside TheUpTrend.com Wednesday, January 31, 2024