Good Morning Traders!
Yesterday was as expected with a little light volume chop. I was expecting the same for today but when I looked at the futures this morning the bulls clearly have different plans. I could not believe my eye when I saw the Dow futures up 75 points. I jumped on the CNBC app looking for a headline that could it explain it but all I could find was a decision from the president-elect on a couple appointments. I guess the market really likes his picks. I have seen the market move based on a new president but I can’t remember a time when the market has moved like this every time an appointment is made. Incredible!
We have Import/Export number this morning and a couple bond auctions but I doubt very much they will move the market this morning when released. Keep in mind we have a huge data day tomorrow which adds another layer of amazement to the sharply bullish push this morning.
I now believe there is nothing that will stop the bulls in reaching out for a Dow 20k print and the way the market has been moving we could see it happen before the end of the week. It would seem the market has extremely high expectations for our new leadership. Here’s to hoping he can live up to this vote of confidence!
Have an awesome day!
Trade Wisely,
Doug
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