“Trump Rally” Takes a Breath

2016-11-16_priceThe market moved mostly sideways in a consolidation move after the last seven consecutive up days.  May see this continue for the next couple days as the market digest the gains.  Given the size of the rally and the time of year, I expect that prices will rise after the consolidation move.

2016-11-16_DOW.png

The ETF for the 20 Year Treasury Bond, TLT, bounced up near the 200-day moving average on the weekly chart which could be a strong support area.  Rising bond prices  may provide a headwind to rising stock prices.

2016-11-16_tlt-chart

 

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