Post Election Analysis

clintonprosperity
I think the picture above sums things up nicely.

 

Life is about making choices and a huge decision was made last night by American voters.  On January 20, President-elect Trump will be sworn in along with Republican party control of the US House and the US Senate.  That means that the Supreme Court will almost certainly swing away from judicial activism and toward strict constitutionalism as multiple justices are expected to be replaced during the coming presidential term.

This is the second American Revolution and the results are, in my opinion, akin to ‘the shot heard around the world‘.  We are witnessing the impending death of worldwide global socialism and a changing of the old guard, who have been miserable failures almost everywhere you look by any rational measure.

For those of us who were around when Reagan was elected–this all feels very familiar.  Jimmy Carter, who was then the worst-ever President, was soundly defeated by a man who was mercilessly attacked by the media and establishment.  And in the same way today as then–the scare-mongering presstitutes and the establishment politicians were soundly rebuked by a populist candidate supported by the silent majority.  During the campaign, Reagan was loathed by the left and also by many on the GOPe right–just as was Trump.  But Reagan, like Trump, had a gift of winning over his detractors and turning former enemies into friends.  I think Trump is a similar sort of man.  Many people who hate him today will eventually come around, and that is my prediction.

The old game had grown stale and there was no further upside for the globalists under Clinton.  ‘The problem with socialism‘, as Margaret Thatcher once observed, ‘is that eventually they run out of other people’s money’.  With America now following Great Britain’s stunning Brexit–the global islamification of the world will no doubt stop.  Similar to the aftermath of the first American revolution, citizens of other nations, such as Germany, will now rise up and depose the despots that have been willfully destroying the lives, security, prosperity, and happiness of their citizenry.

There is an entire generation of young people today who have been propagandized by the socialist public education system and know nothing of the prescient brilliance of our nation’s founding fathers. Our Founding Father’s foresight in setting up the foundations of this country allow a peaceful transition of power without a single shot being fired.  Because of our unique form of governance, America is a special place and Americans are a special people.  I personally look forward to an end of the evil politics of hatred and division, brought to it’s lowest and most loathsome form under the Clinton/Bush crime syndicate.  I eagerly anticipate the coming explosion of innovation and prosperity as this country comes together again as one nation and one diverse people–and for the amazing investment opportunities that engenders.  The Reagan years were great for everyone.  Trust me, this is going to be FUN!

So yeah, there will be some whining from the America haters, but screw ’em.  We’ve all got lots of work to do going forward… as we collectively roll up our sleeves to Make America Great Again!

</rant>

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Let’s keep the analysis short and sweet today…

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S&P 500 Futures weekly bars 11-9-16

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Just as I pointed out recently–on the weekly chart (above) we have the expected stop sweep/reversal centering on 2100.25.  The weekly bar road map paradigm that has been in place since 2009 continues.

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S&P 500 Futures daily bars 11-9-16

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The pros are doing just what I speculated they would (but with much more dramatic flair) by running both sides of the intermediate trading range around the presidential election.  Price is currently paused at ST primary trend line resistance (2149.75) but a break of the ST trendline resistance hints at a possible move higher–if so, the target would be new all-time highs.  Intermediate primary trendline support at ES 2100.25 remains the hard deck.

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Stops and Targets S&P 500 Futures screen-shot-2016-11-09-at-12-07-14-pm

You have to love the absolute ruthlessness of the pros.  ES has more than a 130 point range and >6% rise off the bottom so far today–and that equates to a 1,000 point range for the Dow futures!  Let’s watch and see how it closes today… but the pros are having some fun here and clever traders are making some serious profits around this election setup.

The short-term timeframe is in play and the bull/bear line now is 2149.75 for the remainder of the trading day.

…my .02

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