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12.13.2016 Bookmark

12.13.2016


Good morning all, welcome to another day in the Trump rally!  

Yesterday the market spent the bulk of the day just digesting the huge gains from last week. But sure enough, later in the day they got their act together and "boom" up we went. While it's true that the S&P couldn't make it back to green, the DOW managed to tack on 40 more points. 

12.12.2016 Bookmark

12.12.2016

Good morning all, welcome to a new week. This has become an interesting week for the wife and I, as 1) our friends from "up north" are down for a weeks vacation and we're enjoying seeing them, and 2) another dear friend (Charley) has given us an early Christmas present...the keys to his oceanfront condo for the week. So it truly is a blessed week for us. Good friends, and an exciting place to spend the week add up to another reason to be "thankful".  Wow. 

Oh, ps...if you see even more typo's than usual, I'm writing on a laptop for the week and the keyboard lay out is smaller than my normal keyboard and it's giving me fits. Sorry about that.

12.9.2016 Bookmark

12.9.2016


NOTE>>>  I mentioned this yesterday, but want to repeat it for the "morning people".  Our closest friends from "up north" are here in Sarasota for a well deserved vacation.  We almost lost Ellen a month back as she suffered a pretty nasty heart attack. So next week, there's probably going to be a day or two where I'm not going to be in the office. Instead I'll be spending some quality time with two folks that we dearly love.  I don't know which days we might be taking them out, but I'll let you all know when I do. 

12.8.2016 Bookmark

12.8.2016

Well that was certainly quite a show yesterday!  Silly me thought that the 2213 high set on Nov. 25th might hold as resistance for a day or two. Ha, it held for about an hour and then all hell broke loose. 300 DOW points and 29 S&P's is not insignificant. It's huge. 

That move had many asking if it was a "blow off top?" and I can certainly understand that thinking. Breaking to all time highs on a 300 point day does have the look of desperation. But you have to understand something here... we are in a time NEVER seen before. 

12.7.2016 Bookmark

12.7.2016

Good morning all, welcome to Wednesday.  
 

Yesterday they walked the S&P right up to the recent all time high. On November 25th, we closed the S&P at 2213. Yesterday we gained 7 points to end at 2212. Are they going to be able to bust us through that resistance, or are we going to see a fade back?  That's a tough call. They certainly have been willing to move us higher day by day... now we get to see if they have the strength to put us up and over. I think we might need another pause day or two before they pull it off, but we'll see. 

12.6.2016 Bookmark

12.6.2016

Hello everyone, welcome to a new day. 

Over the weekend I didn't quite know how the market was going to react to Italy's NO vote. But looking back at other significant events, it is batting 1000 that the market goes up because of them.  Brexit..up. Trump...up, Italy votes no...up. 

So the S&P put on 12 points.

12.5.2016 Bookmark

12.5.2016

Good morning all, welcome back from your weekend. Did you spend a large part of it putting up lights and rummaging around in the attic for Holiday decorations?  That was my destiny this weekend. The wife is a little under the weather, so the bike/beach was out. I figured I'd best use this time to get a start on all the Holiday madness.  Oh well, it's a wonderful season. 

Yesterday was the big Vote in Italy I mentioned to you  Friday and again in the newsletter. I had a pretty good hunch they'd vote NO on the idea of even more Government and more attachment to the EU. Well at about 6 pm Eastern time the vote was called. It was a resounding NO. In fact it was a land slide no. 

12.2.2016 Bookmark

12.2.2016

Hello folks, we've made it to Friday and the "jobs" report. 

Yesterday I mentioned the idea that they HAD to keep the S&P over 2190 because the optics of the market falling below the summer highs wouldn't be good.  So, after reaching down to 2187...they came in during the last hour and saved the day. We closed out at 2191.  That's a desperation type move folks. Consider what happened yesterday....

12.1.2016 Bookmark

12.1.2016

Wow. 12.1  already. I have to believe I'm not the only person that's wondering how on earth this year is over already.  It really is astounding to me.  

Okay, so yesterday afternoon....very late in the game, the air came out of the market. From being up about 35 DOW points and 4 S&P's at 3 PM, when the final bell rang, we were up just 2 DOW points and  DOWN 5 S&P's.

11.30.2016 Bookmark

11.30.2016

Good morning all, we've made it to hump day. 

If you've flipped on your monitors or TV's you see the futures are up fairly strongly this morning. After everyone had lost hope about a deal in oil land, it appears that the Saudi's have flinched to some extent and a small production cut is now being acknowledged.  That was enough to jam oil up over 3 bucks, and that of course took stocks with it. 

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