DPR Update: Thursday 20th April 2017

DPR Update:  There are changes on the DPR, login for details

Well the market made another recovery today with positive earnings and comments from the Treasury Secretary Steven Mnuchin about tax reform on its way.  Therefore the indexes have rebound from recent lows, will it follow through? Pass the crystal ball 😉

There seemed to be a lot of short covering, known as a short squeeze happening today, so perhaps higher prices may be on the way.  Reminds me of the market joke:  “what kind of meat do bulls eat?”  The answer….Bear meat!

We also have the French election on Sunday to contend with.  Polls are showing it be be a tight race.  What impact on the market the far left candidate will have should they win is yet to be seen.  But why worry, most thought that a Trump victory would be bad for the market…not so much so far.

Bring on the bulls!

John

HowDoITradeStocks.com