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The New York Investing meetup will have its January general meeting on Thursday, January 24th from 7:00 to 8:30 PM at the SLC Conference Center at 15 W 39th St - 3rd Floor. The entrance fee is $10.
The stock market turned ugly in December. Key support levels were broken and the technical indicators turned very negative. Stocks were so oversold by late in the month that a relief rally was inevitable. This has helped US stocks to go up in early January. A rally in early January is considered a postive sign for market performance for the year, although this year it might be purely coincidental. If this is confirmed by an up move for the entire month of January itself, this will provide more confidence that it is actaully a bullish signal.
Powerful, sudden rallies in bear markets are of course common, so we are not out of the woods yet. While the picture based on technical analysis looks bad, we need to check in and see what David Harris' Market Timing model is indicating. David will be gving the main talk at the January meeting. Kelly Killian will be letting us know what is going on in the real estate market.
Date/Time: Thursday, January 24th, 7:00-8:30
Place: SLC Conference Center, 15 W 39th St - 3rd Floor
Speakers: David Harris, PhD and Kelly Killian