January 16, 2018 | MLK Day Forces Bulls to Cool Their Jets

It must have been frustrating for buyers to have to cool their jets for an extra 24 hours this weekend. The Martin Luther King Holiday denied them a full day’s opportunity to push the Dow higher by the usual 100 or more points. As a result, we could see see pent-up demand come charging back into the stock market over the next couple of days. But be prepared to see bulls feign a lack of interest in the first hour or two, since this would help shake loose some shares from widows, pensioners and other weak hands before DaBoyz goose the broad averages into their accustomed parabola.
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Rick Ackerman January 16th, 2018
Posted In: Rick's Picks