Gene discusses how the presidential inauguration will be a pivot point for the market. 

Last Friday's decline, The NASDAQ fell below it's widely watched short-term support level.

Since mid-December the S&P 500 has been zagging on either side of its fifty-day moving average that is a widely watched support level, and currently it stands around 5,940. 

The Stock Market hit the proverbial brick wall yesterday, after rallying from last Thursday's lows.  

Also, our thoughts and prayers are those who have been severely impacted by the devastating fires in the Los Angeles area. 

Since late November, portfolio managers have been aggressively shuffling and rebalancing portfolios presumably in anticipation of Trump policies that may be enacted after President Trump takes office on January 20th. 

Last Friday's session exhibited the kind of elasticity that has characterized this market time and again over the years. 

The NASDAQ and S&P 500 breached their pivot lows from December 20th in yesterday's session. 

Stock futures are indicated higher this morning. This was expected after the December sell-off.

The year is finishing on a downbeat note for stocks and this could present a challenging start for 2025, only the NASDQ is holding above its widely watched short term moving average, the Dow Jones Industrial Average and the S&P 500 have breached decisively their respective fifty day average levels...

Gene discusses the the aftermath of the August 5th decline, which correlates to what we are seeing now with the DOW 1,000 point plus drop.