Good Morning everyone and happy Monday!
I always look forward to the weekend but about the time Sunday rolls around I’m always looking forward to the market opening and getting back to my routine. Last week ended with the market sputtering and consolidating after the rate hike simply running our of energy. I wish I could say strap in for a bullish ride this week but the truth is as we get closer and closer to Christmas the chances of light volume chop increase as a general rule. However, this year we have the Dow wanting to reach out for a 20K print, so there is always the chance that the bulls get inspired and make a push for that record level.
There is nothing on consequence on the economic calendar until 1:30 PM Eastern time when Janet Yellen speaks. Although it’s unlikely she says anything that will move the market you never want rule out the possibility, so keep an eye out during her speech.
Wishing you a profitable day.
Trade Wisely,
Doug
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