Sunday night’s Globex chaRTroom link
However skillful GOP candidate Trump may be at keeping the spotlight on him, he could still take a lesson from FBI Director Comey. He has just announced no change to his investigation’s previous conclusion not to recommend charges. His name is on everyone’s lips, as it was last Friday. Not for his magic ability to review 650,000 emails in a time frame far shorter than his own original projection.
Anyway, his about-face is likely to have the same effect on S&Ps, which slid 56 points in the interim. Combined with the 2077.50 target having been met to within 6 ticks at Friday’s lows, a sizeable bounce is all but assured. Other factors prevent it from being durable — like the gap back to Friday’s close which would be left outstanding.
So, is it over? Proximity to the election probably inhibits Clinton from dropping another October-like surprise, as it would distract attention from her being cleared. In her favor, Wikileaks needs to release video footage of a capital crime to move the dial any more. Few would be surprised they have it, but for now we’ll focus on tonight’s Globex session, which opens at 6:00pm ET. You can monitor it in the chaRTroom…