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S&P 500 (SPX) ... wow... two consecutive up-gap openings-- yesterday's breakaway up-gap followed by today's acceleration up-up-gap are very powerful action, and hints that SPX is in the throes of a vertical blow-off type of upleg (that my work argues will conclude the entire advance off of the Nov low).
The stock market indices churned and were choppy all day, and at the end of the day they sold off after the tax plan was released, but loses were very minor after a couple big days to the upside. Net on the day, the Dow was down 21.03 at 20,975,09, about 90 points off the high. The S&P 500 was down 1.16 at 2387.45, 11 points off the high. The Nasdaq 100 was down 7.11 at 5541.09, 22 points off the high. Advance-declines were 17 to 12 1/2 positive on the New York Stock Exchange, and 17 to 11 positive the Nasdaq. Up/down volume was 20 to 19 positive on New York, total volume of 4 b
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