Deal Reached on Government Shutdown….Big Surprise…Not

DPR Update:  New stop in place, login for details

There are times when the news is so predictable.  This latest government shutdown scare was just another in a long line of shutdown fears that I have seen so many times before.  Seeing a big gap down in the futures on Sunday night did not concern me in the slightest.  That gap was craving to be filled and very quickly as the market waited on the inevitable news that a deal was voted through.

Thanks to the vote, it was a nice pop in the Nasdaq and a great day for the ETF.  Just how high it can reach in this new leg of the rally is anyone’s guess, but its certainly a strong breakout so far.

Bring on the bulls!

John