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Mr. Ice

Although the fiscal battle is causing some uncertainty, the market is continuing to act like it’s confident the issue will be resolved.  The 50 point mini crash pre-market was bought but we have to keep in mind that the low at 1392 ES may get retested in the coming days.  Adding to the confusion the SPY had a $1+ dividend vs the anticipated $0.77 because of special dividends payout to avoid higher taxes next year.  All in all the small caps held in very well and the half day before Christmas had very bullish tendencies.


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