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Market Morning Huddle – 25 January, 2016

BEARISH MID-TO-LONGER-TERM (Weeks-To-3Months+): We are currently experiencing a technical bounce in North American markets. If the S&P 500 breaks back below 1,880-1,870 (a key support floor), and if the Crude Oil (WTI) reverses back below $30 aggressively. This market has more downside risks than upside potential in the mid-to-longer-term.

BULLISH SHORT TERM (Days-To-Weeks): Entering this week higher risk long side positions were on play with the deeply oversold technical bounce that started January 20th, 2016. S&P 500 (SPY), Nasdaq (QQQ), Russell 2K (IWM), Int’l Developed (EFA), Emerging Markets (EEM) and TSX (XIC).

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