Sesame Street Thursday, page-5

Wednesday Liqueurs. 9 November, 2016.

Trump Day. The Clinton-will-Win Rally was wrong.

XJO down -1.92%. Volatility was exceptionally high. High-Low range was 5.19%. We haven't seen a range like that for a long time.

What is important, however, is the fact that the Index broke well below horizontal support and then recovered.



Despite the volatility in today's action, other indicators remain positive. Whatever happened, the indicators were suggesting that we'd see a positive outcome.

We'll probably see the market ignore the Presidential result and focus on fundamentals.

Nobody knows what will happen from here on. But, while the fundamentals are sound, politics might not play a part in the long term picture. If Trump starts to de-rail the fundamentals (a probability) then we'll see some real long term action.

In the short term, we're seeing the usual gyrations associated with uncertainty.

I think we'll see a rebound in our market tomorrow. What happens after that is a moot point.

RB.