First, the tax bill, if it fails, or looks like it, we may see a retreat in the markets. Most people did not exit the CRM alert we have out so we are monitoring that very closely – we are hopeful that we may get a better gain then the 20%.
This coming week we also a few economic indicators released that may move the markets to include: New Home Sales released at 10am on Monday; GDP on Wednesday at 8:30am and Janet Yellen speaks at 10am (always an edge of the seat event as we never know what words will emerge); on Thursday we have Jobless Claims as well as Personal Income & Outlays at 8:30am.
Many people ask about Bitcoin and other crypto currencies. We think it is very dangerous. But as we type this up Bitcoin is at an all-time high of $9,495.