Thursday’s Closing Look
Stocks rallied on Thursday after Trump promised a “big league” tax announcement. The market has been looking forward to hearing Trump’s tax plan because that is expected to be a big boost to the economy. Economic data was quiet. Weekly jobless claims slid by 12,000 to 234,000, which was lower than the Street’s estimate for 250,000. Separately, wholesale trade data for December showed a 1% increase on inventories.
Gary’s Thoughts: AND the financials lead off the news. Good action as Dow, S&P into new highs. As long as financials work, market works.
This run has about had it.
Take a look at the sectors inside spy, they are all extended, there is little remaining to push up spy.
sectors, extended up side, or resistance, everywhere.
My two secret indicators are saying market trend up, ….extended.
Be ready to put your shorts on, …..go swimming.
Pull back ?
Ya, but so far, just a tad, I’d not expect much.
So long as:
American banker Jew poo is flooding the market;
China banker Jew poo is flooding the market;
UK banker Jew poo is flooding the market;
Europe banker Jew poo is flooding the market;;;;
The market will ……….just keep,, ” pooing” higher.