Friday action leaves Dow Jones Industrial Average down for January and with a “sell” signal

U.S. stocks posted a down week and a down January as investors fretted over poor earnings reports, weakness in emerging markets and the ongoing tapering of the Federal Reserve’s bond buying program. 

Overall, a down January can be a bad omen for stock markets as the StockTraders Almanac’s “January Barometer” says that “as goes January, so goes the year.”

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