Well, That Was a Big Thud

Dow: -4.72… Nasdaq: -3.95… S&P: -2.49… The market had a decent rebound try going for much of Thursday’s session, but it fell to the wayside in the afternoon after reports that the House vote on the American Health Care Act, which was scheduled for tonight, will be delayed. It now looks like the vote may…

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Today Will Be Big

Big vote today, so it could be a significant day for the market. I’m making best efforts to follow this whole healthcare thing like a real nerdy nerd and it appears that they may be getting closer to a resolution. Trump appears to have cozied up to the conservative caucus (they have been holding this back). At the…

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Bunkers & Foxholes

That’s where the market hid out today after yesterday’s unexpected flurry of bullets and grenades. There was no negative follow through today, so that is a very positive takeaway, at least for now. The market is waiting on tomorrow’s vote on the new health care plan. So far, Trump is minus a few votes, and according to…

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Busy Day

Dow: +112.73… Nasdaq: +43.23… S&P: +19.81… As expected, the Fed voted to raise the fed funds target range by 25 basis points today. More notably, the Fed still believes that three rate hikes are appropriate for 2017, relieving investors’ fears that the central bank could begin setting the groundwork for a fourth hike. The dollar…

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Some Chop and Uncertainty

Dow: -44.11… Nasdaq: -18.97… S&P: -8.02.. Markets were lower today as crude oil tumbled following the release of OPEC’s monthly report, which showed increased production for Saudi Arabia in the month of February.  They were supposed to cut, remember? The materials sector was also down about 1% and metals & mining (XME) was lower again…

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Sunday Evening Post-Some Watchlist Names

I will do some video analysis tomorrow, in the meantime futures are flat, oil broke 48, Europe appears to be splitting off into the Mediterranean Sea, (no one cares), and we start another week of trading. It will be interesting to see if oil continues its glide path to 45 this week. Also interesting to note, Trump…

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