Video Market Recap January 1, 2015 - SPY NYA UUP AGG MUB GLD GDX USO UNG

SPY ran into resistance, as if on cue, in the $208 area on Wednesday. The index then gapped down on Thursday and ended the week below its 200-day moving average (MA). This is decidedly not what the bulls want to see happen, especially during one of the most bullish seasonal periods of the year. Next few days should be crucial: the bulls must now make a stand or we may see a confirmation of the support break below the November lows.
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