"Apple, already the largest US taxpayer, anticipates repatriation tax payments of approximately $38 billion as required by recent changes to the tax law. A payment of that size would likely be the largest of its kind ever made."
Apple press release: https://www.apple.com/newsroom/2018/01/ ... -creation/
Disclaimer: I am not an investment advisor. This is just my opinion NOT investment advice.
Algos or some really fast traders jumping on small caps as the Fed Beige Book comes out. On paper Zerohedge would call this a short squeeze to force new highs.
Excellent StockCharts webinar today where guest Tom McClellan discusses the McClellan Oscillator (starting about the 16 minute mark).
Today’s replay (January 17th): https://stockcharts.com/webinars/tv.html
He also has a VERY interesting take on the Commitment of Traders with regards to eurodollar futures, and how it may remarkably predict market direction a year in advance.
Last edited by QED on Wed Jan 17, 2018 4:31 pm, edited 1 time in total.
1st test of ema20 in many many hours so could be some buyers here.
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