How To Trade A Trump Tweet

You don’t. Even the algos and black boxes get caught like a deer in headlights when Donnie goes “all social” on their asses. The normal ebb and flow of the market gets disrupted and whacked when Donny grabs his keyboard and rips a tweet. Last week, Trump launched his second president-elect shot over the bow…

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Slight Pullback, New Name Added

Dow: -63.28… Nasdaq: -16.16… S&P: -4.88… Biotech didn’t show much of  a hangover today, as it managed to bounce after Donnie Trump’s negative comments yesterday. It wasn’t much, but XBI managed a 1.5% pop.  I’ll take it, because it was better than a follow through lower. Yesterday’s Trump’s comments were actually directed more towards big…

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Donnie Must Hate Biotech

I thought it was bad with Hillary’s war on biotech, but Donnie isn’t even elected yet and he’s already launched two shots across the bow against bio/pharma and his wish for competitive drug price bidding. Trump spoke today, and as he made comments, IBB dropped from 286 down to about 275 in about 20 minutes….

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Bio Be Poppin’

Its good to be back. As someone who watches the market minute to minute and hasn’t taken time off in five years, its fun to walk away from it, but it will take a couple of days to catch up and get back in the flow. Biotech is popping again and the XBI has FINALLY broken…

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A Nice First Day

Dow: +119.16… Nasdaq: +45.97… S&P: +19.00… The market began the new year on a higher note, but the bulk of today’s advance took place during the initial minutes of the day.  Ten out of eleven sectors ended the day in positive territory with health care (+1.4%) and telecom services (+1.9%). Interesting to see an aggressive…

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More Snorefest Action-CMG Failing Nicely

Dow: -13.90… Nasdaq: -6.47… S&P: -0.66… More dull action today.  Probably the most interesting development was the pop in gold miners. Not surprising,  just interesting. Today was the first day in a while that you saw a downtick in the dollar, so the GDX popped. Gold popped too. These areas have been very oversold and there…

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Snorefest

Well, I’m getting bored with this market, but it gives me time to get ready for 2017. The casual market observer appears obsessed with the Dow hitting 20,000,  Such an antiquated and non-representative index, but it keeps CNBC in advertising revenues as they drag out unqualified pundits to opine. I haven’t given a lot of thought to 2017, to be honest, I…

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