publication date: Jan 9, 2020

The S&P 500 had a monthly close above our 3180 target which now opens the upside to 3500.  U.S. small and mid-caps have lagged the large caps, but their uptrends remain firmly in place.  After pausing at our MFU-3 target for seven weeks, the DAX has cleared that level and we would be adding exposure.  We would be adding to the Hang Seng and China's Shanghai Composite right here.



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