Good Morning traders and Happy Friday!
Today is inauguration day for the 45th U.S. President and the entire world will be focused there rather than the stock market. There will be a lot of warm and fuzzy speeches as well as a lot of talk of gloom and doom. Futures are basically flat this morning and I would expect today to be about like a major holiday, slow and choppy.
There are a couple Fed speakers today but I doubt anyone will be listening to them. Even the earnings calendar is light this morning with only 13 company’s reporting.
Please, please, please, don’t be in a rush to find new trades today. Sit on your hands and manage the positions that you are in. If you have something to do that you have been putting off, today might be the day to get it done. Other than that pop some corn, put up your feet and watch the show.
Rick will not be in today so we will do the best we can to cover the main room today. Please keep him and his family in your thoughts and prayers during this difficult time. If you want to send cards to Rick he as given this address for that purpose; Rick Saddler, 3160 E. Shalimar, Springfield MO., 65804.
May the road rise up to meet you and wind always be at your back. Have a great weekend everyone!
Trade Wisely,
Doug
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