TRADING DP

[TREND1]

12/1/16


Ultra-Short-Term Indicators: There are not any climactic readings here, with the possible exception of the Participation-DOWN index.


Conclusion: As a short-term reaction to the election results, the Trump Rally certainly makes sense to me; however, the S&P 500 Index P/E is currently 25, so it also makes sense that maybe a period of correction would be a healthy undertaking. Technically speaking, a correction has started. I can't say if it will last another day, but the indicators can accommodate a lot more price decline.