How will day 2 of the confirmation hearings effect the Stock market today???

A rare day today that I slept in:)

Looking at the markets this morning there is a lot of green but most is barely above the 0 mark. So it looks like unchanged open.

There is nothing that stands out this morning this I can see. The biggest mover on the ETF I look at is TLT only up .11%

Should be a quiet day today. However, we have the President Elects Press Conference which should bring some fireworks along with day 2 of the confirmations process.

No fireworks yet in that regard. Although I anticipate some shortly. Booker is going to testify today against Sessions despite that last year he is on video praising Sessions as a civil rights leader. Should be interesting.

The only thing to take from the confirmation hearings is the partisanship that goes on. Its is a sad day when you know the speaker’s political party by what questions they ask and what they say. You would think that the correlation would be around 60% but unfortunately its 100%. I wish I had a predictor like that for betting sports!

Geopolitically our troop buildup in eastern Europe continues along with the countries getting together on the 15th to tell Israel the only stable democracy in the Mid-east how to run their country.

So keep a watch on these developing items as any of them could precipitate a fall in the markets.

I am long and looking to get longer on pullbacks. My swing trades are looking fine and my GLD trade from several weeks ago is turning into a great trade and so far no exit in sight.

I have added a comments section to the site now. So feel free to give me your thoughts on anything you wish to.

If you want to follow some of my trades along with my thoughts typically given after the open you can go to @rickjswings. Typically I talk about the overall day expected with the markets and also give some levels on the ES and NQ for failed breakout scalping.

It’s my private twitter feed for the stock market and its free. Sports Handicapping is the subscription-based part of this site. But considering the cost of joining it’s almost free:)

Good Luck Today

RickJ

RickJ’s Handicapping Picks

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