#Markets #SPXcampaign Jobs report surging the markets higher. If the day remains positive and VIX drops, we are setting up for a new Upside Warning next week. This could mean a rally toward 2700 into the end of the month, which is typical for December. I’ll be watching to once again #ReverseRoll call spreads and get long.
Guys on Fast Money talking about a lot of selling happening to realize gains in 2017 before next year and the new tax plan. May be reason for drop in last 25 minutes.
#Markets Another afternoon of weakness.
Unrelated to that, but funny:
The difference between how technical analysis is taught vs. what really happens:
#Markets I agree with Paul’s sentiment and I am currently playing it this way. Seems once the bill is passed (assuming it will be), that the euphoria will abate and we’ll be stuck with negative headlines from the Mueller investigation. Right now I think we may be entering more of a consolidation phase, or slower trickle up, until the final bill is passed.
#Markets – this gauge is at new highs
#Markets – Gartman Stakes His Reputation That “The Bull Market Has Come To An End”