Sell the rumor, Buy the News: CR BILL PASSED, Government Shutdown Averted
$500B Liquidity to be injected Dec. 30th-Jan.3rd and $1.6T CR bill passed.
Will there be a Treasury General Account (TGA) spend-down now?
Over $1T of new dollar liquidity announced Friday with Repo and CR spending.
DIA (DOW JONES ETF) DAILY
Here was a double bottom last week on Wednesday/Thursday close. Typically in these bull scenarios, the rally mimics the selloff, or even retraces the selloff in a shorter period of time. Note the volume. Look at the volume on the Friday green candle, its on all indexes. What is 100% known based on the volume of indexes Wednesday Thursday and Friday, is that there is a ton of shares changing hands. Also consider the fact that shorts cover on any sign of strength which we saw Friday. This action the past couple weeks could be explained by DXY and US Yields.