Wall Street loves the prospect of a tax bill landing on the president's desk this weekend. We're within striking distance of Dow 25,000 as I write this.
I think the markets are going to continue to soar from here, allowing for the prospect of a small pullback when and if traders try and "sell the news" of the tax bill becoming law.
More gains ahead… but some gains will be bigger than others, thanks to the "January Effect" – a phenomenon distinct from the "Santa Claus rally," but which is happening earlier and earlier every year.
About the Author
D.R. Barton, Jr., Technical Trading Specialist for Money Map Press, is a world-renowned authority on technical trading with 25 years of experience. He spent the first part of his career as a chemical engineer with DuPont. During this time, he researched and developed the trading secrets that led to his first successful research service. Thanks to the wealth he was able to create for himself and his followers, D.R. retired early to pursue his passion for investing and showing fellow investors how to build toward financial freedom.