BREAKING: Dow Jones Industrial Average hits 19,000 for the first time ever https://t.co/jn8limDgPx pic.twitter.com/87gUFjVV8S— CNBC Now (@CNBCnow) November 22, 2016
And this from The Wall Street Journal:If $RUT small caps bang out another green session, it'll be 13 in a row... the longest winning streak since 1996 https://t.co/2CqrG89d4D pic.twitter.com/mxKMkB4OE9— MarketWatch (@MarketWatch) November 22, 2016
And the Fed is going to raise rates again--soon. They are not going to reverse the last hike. They are not going to push rates into negative territory because "they have run out of fire power."
💯% probability of a December hike, Fed funds futures contracts show https://t.co/nlmwgD5xgZ— MarketWatch Economy (@MKTWeconomics) November 22, 2016
And who would have thought a Donald Trump election victory would have been a buying opportunity in stocks.
This is what I wrote in the EPJ Daily Alert on Friday the week before the election:
It still seems difficult to get a good handle on who is going to win this election. There is a possibility I may accelerate some buying on Monday but KNOW this I consider it a major buying opportunity if Trump wins the election and the markets sell off.Here are some of the positions that were on the recommended list in the ALERT going into the election:
Direxion Daily S&P 500 Bull 3X ETF (SYMBOL: SPXL)All these positions remain on.
iShares Dow Jones U.S. ETF (Symbol:IYY)
iShares U.S. Financials ETF (Symbol:IYF)
(Past spectacular recommendations do not necessarily mean future spectacular recommendations.)