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Saturday Show For Trading Week of January 23 2017

A weekly Saturday night show that attempts to predict market direction for the week ahead by looking at a variety of technical and fundamental indicators.

This week’s show includes commentary on Yellen’s comments at the Commonwealth Club on Wednesday, January 18, 2017, and why President Trump needs to get rid of her as quickly as possible, consumer confidence, and the rising U.S. dollar.

The top catalysts focused on this week are Sanchez Energy’s Eagleford acquisition that doubled their drilling inventory, EPAM Systems contract win worth more than $300 Million, Tutor Perini Building $1.37 Billion contract win from Los Angeles County, how CEMEX is well positioned on both sides of the border between the US and Mexico to supply concrete for the US/Mexico border wall, Iridium Communications successful satellite launch for its next generation space-based ADS-B network, and Applied Optoelectronics as an excellent play on the switch from copper to optical interconnect inside datacenters.

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Market is overbought.

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