It is a thrill a minute here today. We went from bullish balancing day to a liquidation because the president is planning on raising the capital gains tax to 39.6% on people who make more than a million. This could be as high as 43.4% when combined with investment tax.
We are pausing here at yesterday's halfback, and we do need to hold that area today to keep things moving in the bullish tone. Meanwhile, the algos and intraday traders are having fun. I had a nice boring report for you but will wait to see how this shakes out first.
