January 31st, 2012 Market Recap with AMZN, Gold Updates

Market speed summary from investors.com:

Stocks wavered to a narrowly mixed finish Tuesday following a round of worst-than-expected economic reports, but the major indexes ended January with big gains.

Fun fact of the day, SentimenTrader (one of my favorite newsletters) reports,

For the first time in history, the S&P 500 never suffered any more than 0.6% drop during the entire month of January.

Pretty impressive I’d say. Jason goes on to note however that when looking at this occurrence for other months during the year there seems to be no meaningful buy or sell signal for moving forward.

In earnings, AMZN stock is down over 8% in after hours trade after reporting earnings that missed sales and gave a unimpressive outlook for Q1 revenue. Full breakdown at MarketWatch. The stock is sitting at about $177.50 currently.

Updated Gold chart analysis included tonight, see you back here tomorrow!

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