The start for 2015 was not great as far as U.S. data goes. We have a fairly heavy data week ahead as well. The SPX cash daily chart ended the week on the kumo support. The daily kijun is flat so that suggests some sideways potential. The 4hr chart is showing a bearish kumo breakout so just have to see how it goes. It was largely due to the USD/JPY catching a bid that the stock market held support. I am officially back from my break on Monday so I will be back into it again. There is just not a lot to look at in the markets until traders and HFT algo's get back into full swing in the week ahead.
JNK daily is above 15 MA still so lets just see if it stays that way in the week ahead.
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