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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Bout Time

Dow: -112.58… Nasdaq: -42.81… S&P: -14.04… The market saw the first downtick since the Age of Pericles today and it was long overdue. We could see little more pressure, we’ll just have to see.  This is a very stubborn bull. Personally, for now, I think dips will be shallow and buyable. The financials led things…

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A Rest Day

Dow: +7.91… Nasdaq: -4.54… S&P: -2.03… The market took a needed rest today.  Biotech opened very strong, opened above some key resistance, then faded.  This happens a lot at a breakout spot. You get the breakout, then it sells off. Both IBB and XBI recovered off their lows though, so some dip buyers stepped up.  Some…

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Insatiable Bull

Dow: +107.45… Nasdaq: +36.87… S&P: +11.67… I was going to title this evening’s post with “So What Is the Event That Could Wreck This Market?”, but I buried it for another time. I was ready to let it rip, but we are all having too much fun right now and my “event” probably won’t become an…

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Patience Paid, Biotech Pops

In looking at the entry dates some of our biotech holdings, we were a little early, but patience has paid, and the street now comes aggressively calling for these names. Better to be early than late, the signs were all there, it just took a while. Today the XBI broke out some more and it looks like…

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Trump Gives Biotech A Hug

Dow: -107.04… Nasdaq: +1.07… S&P: -2.03… The health care sector assumed a leadership position in today’s market, underpinned by the outperformance of the drug and biotech stocks. Those issues rallied on the other side of a meeting President Trump had with industry executives. While the president pressed his case for lowering drug prices, the markets were…

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Hey, It’s Just the Stock Market

Dow: -122.65… Nasdaq: -47.07… S&P: -13.79… What did you expect? Nothing goes straight up or don in perpetuity, so we got a little house cleaning today. No biggy. The S&P gapped lower today but then found a bottom before lunch and managed a slow and steady move off the lows as the day went on. It…

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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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Some Moving Parts

The market has been marveling at the strength in the US Dollar.  Yesterday it popped nicely as the fed telegraphed plans to raise rates three more times in 2017. If you are an American and a capitalist, then this warms the cockles of your heart, but through all the euphoria, no one yet is addressing the problems…

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