Home Stocks Trading Advantage Stocks – Prescient Analysis

0 102

Yesterday could be a sign of things to come in the market place. We saw some aggressive selling coupled with risk off trading. While a decent amount of equity names did finish in positive territory, we also saw some stocks slide swiftly. The markets did bounce at the lows and the DJI made a late charge to finish in positive territory but the COMP and SPX fell short for the session. With concerns about the tax reform today, that led to the risk off trading. If there are changes or the GOP decided not to move forward with the tax reform, expect the markets to unravel. For months we have been pricing in this tax reform and then some. So to have it not go through or at the very least get delayed for a full year, that could be devastating for the markets. It’s something to keep a close eye on. We could see profits vanish quickly and stocks really succumb to heavy selling. Most notably the high flying momentum stocks that trade on heavy volume daily. However, if they decide to move forward with the tax reform into the end of the year or start of next year, we should be starting our Santa Claus rally early. Just be attentive to the news and act in accordance. Open Position: AMP RHT MCD NKE SWKS AET MXIM AAPL FB Stocks to Watch: TWTR CTXS NTAP JBL HLF WFC  JPM MS NFLX WDC DIS SBUX STZ NKE LULU CREE VZ T HOG MON YUM LOW HD LEN TOL FEYE PANW FFIV AKAM

NO COMMENTS

Leave a Reply