Three times could be a charm; the Nasdaq has outperformed in the last two sessions relative to the broader market indices. 

Growth may have struck a bottom in yesterday’s trading. We saw a number of significant price reversals among high-profile technology and other growth stocks accompanied by higher volume. 

As we begin the 2nd trading week of January, there’s some real hopelessness about the outlook for growth generally, but technology more specifically. 

The 4th quarter earnings season is approaching and this could be a catalyst for the down trodden growth sectors of the market — especially technology.

Release of the Fed’s Minutes from the December meeting triggered accelerated selling, especially focused on technology which has been under unrelenting selling for weeks. 

The bifurcated action from last year’s 4th quarter clearly carrying over to the opening days of 2022 with the growth momentum areas under unrelenting selling pressure. 

A good day for the Dow and S&P 500, but an even better day for the Nasdaq and Russell 2000 — each of which gained about 1.2%. 

With today being the first trading day of the new year, there are many prognostications by analysts of how the year might fair and I’ll throw in my 2 cents as well over the next several days. 

As the old saying goes, “All’s well that ends well” and 2021 is ending quite well from a technical standpoint.