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1.27.2017 Bookmark

1.27.2017

Mornin' all, we've made it to Friday. I wonder what it brings....

Okay so we got our DOW 20K and yesterday we spent the session digesting that move.  While the DOW managed to inch higher, gaining 32, the S&P couldn't stay green and ended the day down a point. However once again there was horrible volume. At the end of the day the SPY only traded 60 million shares.  To put that in perspective, back on Nov 9th when they all decided that a Trump win might indeed end up being okay, the volume was 259 million. When you get an up day ( or down for that matter) on big volume, you know the move is confirmed. It shows that a "lot" of people traded a LOT of stock.  

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