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Holiday Continuation – Ho Humm December 25, 2017

Posted by Tom in Thoughts.
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Dec. 22, 2017 – Not much to say because most folks were not doing much in the markets; though I do note Asian market are getting stronger.  We remain in both the short term channel and longer term price channel, both of which are pointing up.  Not much to determine in the volume figures as they have steadily dropped off.  (Which explains the drop in “Money Flow” in this market.)

What will be of interest is IF we see selling AFTER the first of the year when tax rates in the US are lower for the high income folks.  No need to lock in profits now . . . save a few percent and wait a few days.  That level of activity will give us a feeling for the first half of next year I’m thinking.  Until then, the moving sectors are Oil & Oil Services, Telecom, Consumer Services, Banks and Consumer Goods.

Enjoy the holidays !      ………  Tom  ………..

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