The two scenarios that would have caused a major move were passage of the bill or defeat of the bill. However, pulling the bill could result in a neutral event for the market in my opinion. First, “Trump” can now move towards tax reform which is the most important thing for the stock market, this is
The SPX’s low from yesterday was not taken today in a volatile day. The VIX printed a new high this week. On the other hand, other international indexes appear stronger. The House of Representatives on Thursday delayed a vote on legislation to begin dismantling Obamacare as President Donald Trump and leaders in Congress labored to
Currently, we are trading below Tuesday closed at 2336.75. Under the chart you can read 3 scenarios for tomorrow. Comments below are JDalton: The most negative scenario sees the market gap lower holding the gap. I think this is a lower odds play as there was considerable rotation relative to Tuesday’s lower distribution. The
SPX and NDX are over-extended compared to equities around the world. Today sellers took control and American equities experienced the largest day drop in 4 months. Nobody knows if this selling will continue tomorrow. Trading in Asia and EU will feed the systems important information. The strategies R Option and R Option Mini have open trades