Nothing really changed..We had an external shock which has limited impacts on US Business interests..Does it raise uncertainty?  Yes. If you go back the past 2years, every gap down at open was bought (tradwar/Brexit/Fill in the blank) the trade has always been higher from open. Now if you short it at the close, after the recovery bounce, the success is higher on the short side. 

    No one is talking about

    Posted by ssaffer on 3rd of Jan 2020 at 12:14 pm

    No one is talking about the crappy ISM and Auto sales down today.  

    we are well aware, otherwise

    Posted by matt on 3rd of Jan 2020 at 01:46 pm

    we are well aware, otherwise following price action and triggers as our guides. Obviously I'll review on weekend everything

    ISM skewed... Includes BA 737

    Posted by jdaswani on 3rd of Jan 2020 at 12:23 pm

    ISM skewed... Includes BA 737 manufacturing & GM strike...plus China deal benefits price in 2020..I think mrkt run is beyond stretched, but I think its still too soon... You dont get a major selloff with positive monthly macd's on the indexes.. Russell just crossed positive in Jan 1

    I believe the markets will

    Posted by ssaffer on 3rd of Jan 2020 at 01:07 pm

    I believe the markets will go higher after this pullback.  As long as interest rates remain low. 

    Agreed, Any pause will be

    Posted by jdaswani on 3rd of Jan 2020 at 01:13 pm

    Agreed, Any pause will be temporary..Historically Year 4 of the 1st term is positive through the first 9mths of the year. The next presidential term will inherit all the problems imho.

    Bingo.

    Posted by ssaffer on 3rd of Jan 2020 at 12:12 pm

    Bingo.

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