Trades with cats wrote:For what it is worth Bloomberg article rehashed at Zerohedge pointed out that the tax bill makes all Corp filers subject to the 20% AMT which is supposed to explain the sell off in FANGS.
good one boss
AMT
"As a result, groups such as Retail, Transports, Business Services, and Telecom should outperform as investors begin to discount tax relief. This should come at the expense of TECH+, Pharma & Biotech, and Autos, which are disadvantaged by proposed changes."
(but they don't mention smalls specifically as hurt by AMT) http://www.zerohedge.com/news/2017-12-0 ... two-charts
Disclaimer: I am not an investment advisor. This is just my opinion NOT investment advice.
Trades with cats wrote:For what it is worth Bloomberg article rehashed at Zerohedge pointed out that the tax bill makes all Corp filers subject to the 20% AMT which is supposed to explain the sell off in FANGS.
good one boss
AMT
"As a result, groups such as Retail, Transports, Business Services, and Telecom should outperform as investors begin to discount tax relief. This should come at the expense of TECH+, Pharma & Biotech, and Autos, which are disadvantaged by proposed changes."
(but they don't mention smalls specifically as hurt by AMT) http://www.zerohedge.com/news/2017-12-0 ... two-charts
You can definitely see this in the charts of Bios and Semi's which have traded down hard the last week or two......
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I am definitely going to spend the down time over the holidays working up a band trading system for these dead days.
My weekend review of the high movement part of last week showed what I learned decades ago. You can not assume anything. You must waste the time looking at all the fundamental assumptions before you get to the exciting stuff. Operationally, crawl first, run last. Specifically when all the price derivative squiggly stuff is based on some sort of rocket scientist moving average (ema family) and or ATR and the volume and price moves pick up dramatically your stuff is going to get out of whack. For me that means increasing the size of my price bars to move them back into the 1 to 5 minute range. I expect for all of you who trade fixed time bars it would mean the opposite to get the relative movement back to within normal. Normal to me means the number of trade signals per day.
“One whiff and you’re stiff”
Residents of the Irish village of Ringaskiddy in County Cork, blame it on the odd fumes wafting from the local Pfizer factory — which has long produced Viagra. https://nypost.com/2017/12/04/viagra-fa ... ng-stiffs/
Disclaimer: I am not an investment advisor. This is just my opinion NOT investment advice.
Friends don't let Friends do drugs. IBB weekly very dangerous.. Daily at 20d/200d… stay far away[/quote]
yea, I used financial statements to show my son-in-law why a job at Pacific Bioscience was very risky. He went with a start-up that is profitable and cash flow positive so he can sleep better at night.
the rebound shall have legs if not the low was in.
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The pattern I consider to be a 'normal' day is an up move for the half hour or so before the European markets close followed by a half hour or so of consolidation then a gradual grind up into the North American close. After yesterday the grind up target is clearly ES 2657.50. We shall see, after all the Freedom Caucus is still voting with the Democrats on the tax bill.
the pullback will be bought. bears simply cannot have any follow through day!!!
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