STTG Market Recap January 7, 2013

Stocks digested the big move of last week with modest losses Monday as the S&P 500 fell 0.31% and NASDAQ 0.09%. This is positive action in light of a huge move - a market can either digest gains via time (more or less move sideways) or price (drop). Either is ok, you just do not want to see tremendous givebacks or immense volatility during the digestion period. That doesn't mean the market cannot go up - we saw that in June/July 2012 when European headlines drove the market in every direction - eventually the move was up, but it was a hectic atmosphere. There was little in economic news to drive markets one way or the other, a welcome relief from months of day to day headlines.Original post: STTG Market Recap January 7, 2013