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Hours ago, the Treasury Department issued a statement saying that the White House would delay until 2015 the enforcement of the requirement for business to provide workers with health insurance under the Affordable Care Act, aka “Obamacare.”
We’ll see how the market reacts tomorrow, but the initial thinking is that it removes risks and a stumbling block in the second half. We’ll see. What will really be big is the employment figures in Friday. Maybe a perfect storm is brewing for the bulls. One can hope.
I haven’t had a new stock in a week, but after looking at 300+ charts again tonight, it just reinforces my feeling that really nothing is standing out, with the exception of biotech and some select technology.
Anyway, watch ISIS for a breakout t the 29.10 level
Also keep your eye on RPTP as it is in say 4 of a bull flag.