Good Morning everyone and Happy Friday!
As we close in on a 20K print for the Dow the market seems to have shifted for all bull to more of a 2 sided looks with short sellers and profit takers equally matched. As they duke it out in the center of the ring there are still so many good charts it’s difficult to choose which traders to take. As you know I view Friday much like Rick and prefer to do more selling than buying on make Friday a payday.
We have housing start numbers prior to the open today but unless the number is a real surprise I doubt it will provide direction to this morning’s market. At this time futures are showing a positive open and Friday’s have lately been quite bullish so fingers crossed let’s wish for a bullish day to close out this busy week.
Much of the country will have a bitterly cold weather, wish you all a safe and restful weekend!
Trade Wisely,
Doug
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