9 Minute Read

Market Recap January 4, 2016

January 4, 2017


SP 5002271.51+13.68(0.61%)
10-yr Note0/322.448%
NYSEAdv 2592Dec 437Vol 529.28 mln
NasdaqAdv 2310Dec 603Vol 1464.40 mln


  • US markets continue to rally.
  • Gold and silver see continued relief.
  • Crude oil rebounds, paring back some of yesterday’s loss.
  • U.S. Dollar Index sinks, wiping out yesterday’s gain.


RECAP– The market continued to build off of the bullish momentum from yesterday’s close and rally higher on the day. Crude oil saw some relief, recovering from yesterday’s selloff. The US dollar finished the day significantly lower giving up yesterday’s gains, and then some. Due to weakness in the dollar, gold and silver finished higher.

In-depth look of daily news at Briefing.com (CLICK HERE)

In-depth look at after hours movers (CLICK HERE)

Economic Calendar


  • January 4: FOMC Meeting Minutes
    • The highlight from today’s meeting minutes is that the FOMC board broadly agree that fiscal stimulus introduced by Trump that consists of infrastructure spending, tax breaks, and deregulation not only could lead to economic growth, but also lead to inflation risk. This could then lead to the Fed taking on a more hawkish and aggressive stance on raising rates.


Upcoming Reports

  • January 5: ADP Non-Farm Employment Change
  • January 5: Unemployment Claims
  • January 5: ISM Non-Manufacturing PMI
  • January 5: Crude Oil Inventories
  • January 6: Average Hourly Earnings m/m
  • January 6: Non-Farm Employment Change
  • January 6: Unemployment Rate


FedWatch February 1 Rate Hike Probability for January 4: 2.0%  (View the probability chart here)

A Look At The S&P 500 Chart – KEY Levels

  • RSI is above 50.
  • On Balance Volume is above its moving average.
  • Market had a shallow retracement last week.
  • Resistance can be identified at the 2275-2280 range.
  • The market is very close to breakout territory.


A Look Into the Heat Map

The market was bullish today with Financials and Consumer Discretionary leading the way.


(click on symbol for chart)
SPX –  Bullish
Nasdaq Bullish  
Russell  Bullish  

VIX – 11.85


Oil (USO) –  Bullish 
Ag (DBA) – Bearish
GLD –  Bearish – Gold is seeing some relief following a brutal bearish run.
SLV –  Bearish – Same as gold.


UUP USD weighted ETF –  Bullish



This is going to shape up to be a pretty busy week as far as economic news. There are many new reports that will be coming out which include FOMC meeting minutes, new jobless claims, as well as ADP and BLS employment change reports among others. This is as institutional traders are reentering the markets and volume will be picking up significantly. We did see more volatility across the board in all markets as equities, currencies, and commodities saw large intraday movements. It is still too early to pick out trends as they are not well defined yet.

The market is continuing to trend bullish. I am looking to see if the trend continues as it approaches a pretty big resistance level. 

You can follow daily trade adjustments and updates on Twitter, Facebook, or text “follow @tackletrading” to 40404 to get text alerts!

 If you are not a Pro Member and following the Stock & Option Picks, then check it out! There is a Promo code for Free 15 day trial:  THETA

Legal Disclaimer

Tackle Trading LLC (“Tackle Trading”) is providing this website and any related materials, including newsletters, blog posts, videos, social media postings and any other communications (collectively, the “Materials”) on an “as-is” basis.  This means that although Tackle Trading strives to make the information accurate, thorough and current, neither Tackle Trading nor the author(s) of the Materials or the moderators guarantee or warrant the Materials or accept liability for any damage, loss or expense arising from the use of the Materials, whether based in tort, contract, or otherwise.  Tackle Trading is providing the Materials for educational purposes only. We are not providing legal, accounting, or financial advisory services, and this is not a solicitation or recommendation to buy or sell any stocks, options, or other financial instruments or investments. Examples that address specific assets, stocks, options or other financial instrument transactions are for illustrative purposes only and are not intended to represent specific trades or transactions that we have conducted. In fact, for the purpose of illustration, we may use examples that are different from or contrary to transactions we have conducted or positions we hold. Furthermore, this website and any information or training herein are not intended as a solicitation for any future relationship, business or otherwise, between the users and the moderators. No express or implied warranties are being made with respect to these services and products.  By using the Materials, each user agrees to indemnify and hold Tackle Trading harmless from all losses, expenses and costs, including reasonable attorneys’ fees, arising out of or resulting from user’s use of the Materials.  In no event shall Tackle Trading or the author(s) or moderators be liable for any direct, special, consequential or incidental damages arising out of or related to the Materials. If this limitation on damages is not enforceable in some states, the total amount of Tackle Trading’s liability to the user or others shall not exceed the amount paid by the user for such Materials.


All investing and trading in the securities market involves a high degree of risk. Any decisions to place trades in the financial markets, including trading in stocks, options or other financial instruments, is a personal decision that should only be made after conducting thorough independent research, including a personal risk and financial assessment, and prior consultation with the user’s investment, legal, tax and accounting advisers, to determine whether such trading or investment is appropriate for that user.



1 Reply to “Market Recap January 4, 2016”

  1. ThomasFlohr says:

    HAPPY TRADING YEAR !!! Thank You Solon !

Leave a Reply

Chart Modal