Technical Review And Outlook - February 1, 2018

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Includes: ACWF, ACWI, DDM, DGT, DIA, DOG, DTEC, DXD, EEH, EPS, EQL, ESGF, ESGW, FEX, FIGY, FIHD, FLQG, FLQH, FWDD, GLQ, HACW, HDMV, HUSV, IVV, IWL, IWM, JHML, JKD, OTPIX, PPLC, PPSC, PSQ, QID-OLD, QLD, QQEW, QQQ, QQQE, QQXT, RSP, RWL-OLD, RWM, RWV, RYARX, RYRSX, SBUS, SCAP, SCHX, SDOW, SDS, SFLA, SH, SMLL, SPDN, SPLX, SPUU, SPXE, SPXL, SPXN, SPXS, SPXT, SPXU-OLD, SPXV, SPY, SQQQ, SRTY, SSO, SYE, TNA, TQQQ, TWM, TZA, UDOW, UDPIX, UPRO, URTY, USSD, USWD, UWM, VFINX, VGFO, VOO, VT, VTWO, VV, WBIL, XMX
by: Robert W. Baird & Co.
Summary

Stocks started 2018 on a positive note, but have stumbled this week.

Near-term momentum has weakened for both the S&P 500 and the broad market.

The global uptrend in stocks remains intact.