EB Daily Market Report - Friday, January 5, 2024

Dear Members.

A brief update today as Tom Bowley prepares for tomorrow's "Market Vision 2024."

MarketVision 2024

MarketVision 2024 is scheduled for tomorrow, January 6th, 2024, beginning at 9:30am ET. Tom will be providing his roadmap, or forecast, for the entirety of 2024 at this virtual conference. For more information, be sure to CLICK HERE.

All Annual Members will be invited at ZERO cost. If you're not currently an annual member, now would be a great time to become one - to save up to $697.

Next, anyone who previously registered should have received an email from Zoom earlier with a unique link to access the session which will begin at 9:30 am EST. You must use this link and we will NOT have a link posted on the website. The room will open 30 minutes before start time. 

As it pertains to the market, we got a strong jobs report today and the market has been very volatile since it opened. Right now all of the major indexes are green with the Dow and S&P showing a bit more strength than the NASDAQ which remains below its 20 day moving average, currently at 14,687. The S&P is trying to hold its 20 day, currently at 4696 with the next level of support at 4643. To the upside the bulls would like to get back over the recent high of 4793.

Next week we'll see some key companies begin to report their Q4 earnings and when everything is said and done, traders care most about the bottom line. So we well might see the market consolidate over the next week as traders get some clues as to what to expect once earnings season kicks into high gear.

At your service,

John Hopkins