Friday’s Price Action and My Golf Game

On Friday, December 1st, the Dow was down about 350 in the morning. It doesn’t really matter why…Flynn. The Dow closed the day down 40 points. It doesn’t really matter why…tax reform.

What matters is the massive recovery of 310 Dow points. This type of price action is usually quite bullish, especially on an intraday basis.

S&P500 Index ETF (SPY) daily

SPY...2017_12_1d
(click chart to enlarge)

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Stay invested my friends.

On another note…If I could sell short my golf game I’d be all in. Like the stock market on Friday, my golf started off lousy, but unlike the market, it got worse as the day went on and closed badly. Oh well, hanging out with my buddies is always priceless.

Also priceless are the comments I receive from you guys. They are very much appreciated and I’m grateful to be able to share with you what I have learned over the past 30+ years.

All the best,

Don

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