Bad Optics

.....Strong start for trading in the New Year. Technical and fundamental considerations. ISM manufacturing closes 2016 on high note. Construction spending at multi-year high. 115th Congress first order – let the fox guard the chicken coop and then flip flop. Ford folds in the face of bad optics. Samsung S8 might replace your computer. Space X countdown to Sunday. Fewer new drugs last year.
Financial Review by Sinclair Noe for 01-03-2017
DOW + 119 = 19,881
SPX + 19 = 2257
NAS + 45 = 5429
RUT + 8 = 1365
10 Y + .01 = 2.45%
OIL – 1.23 = 52.49
GOLD + 7.30 = 1159.20
Stock markets all over the world opened 2017 with a bang. An upbeat Chinese manufacturing report helped spark a 1% gain for the Shanghai Composite, and Italy's MIB (+1.7%) pushed an advance in Europe. On Wall Street we started with a 160 point jump at the open, slowly but surely giving back part of the pop. And everyone is wondering whether the year-end breakout will continue.

If you have your S&P 500 chart open you might