Editors Note:

We have had a lot of weak Thursdays recently but today was still painful. As investors, we know the market does not go up in a straight line. Retracements happen. Today was worrisome because everything seemed to be lining up for a run to Dow 25,000 and 7,000 on the S&P by the end of December. The tax bill is getting closer to passage and most of the warts have been removed. The FIFO and corporate AMT have been dropped. Today could have been a sell the news event after months of run-up. There are still challenges. There are multiple senators still on the fence or a solid no and two senators are in the hospital. That makes Monday's expected vote questionable. They cannot put it off too long or the new democrat senator from Alabama will reduce their margin of victory to only 1 vote and with people still on the fence it could be touch and go. The next 3-5 days could be very volatile depending on events in Washington.


No New Bullish Plays


No New Bearish Plays