Tuesday, November 28, 2017

TUESDAY 11/28/17; Bitcoin and Ethereum Print Record Highs; Bitcoin Above 9.9K; BOE Bank Stress Test Results; International Trade; S&P Case-Shiller House Price Index; Consumer Confidence; Era of Federal Reserve Chairman Jerome Powell Begins with Confirmation Hearing Before Senate Banking Committee; North Korea Fires Missile; Senate Pushes Tax Bill Forward; Brexit Divorce Bill Agreement Reached Between UK and EU; Powerful "Powell Rally"; SPX (S&P 500), INDU (Dow Industrials), COMPQ (Nasdaq Comp), NDX (Nasdaq 100), RUT (Russell 2000) and NYA (NYSE Comp) Print All-Time Record Highs; Dow 23.8K; Natural Gas Rallies +5%; NUAN; ADSK; MRVL

News reports say North Korea is preparing for a missile launch that may occur over the coming days. The Indonesia volcano continues erupting causing the Bali Airport to close. Passengers are stranded. 




[Purchase the 2017-11 chronology to read and study the market drama in November.]





The API Oil Inventories are a small build of 1.8 million barrels when analysts expected 3.2 million. Oil prices will likely slip lower. Gasoline Inventories are a draw and Distillates a build. WTIC oil 57.88. Brent oil 63.10.

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