When U.S. President-elect Donald Trump criticized United Technologies Corp's Carrier unit in November for its plan to move some 800 jobs to Mexico, the parent-company made a swift decision to keep the factory in Indiana.
A rally sparked by Donald Trump's win in the U.S. presidential election that powered the Dow to a record high sputtered on Friday as energy and healthcare stocks came under pressure. Investors scrambled to adjust their portfolios to benefit from Trump's plans to simplify regulation in the health and financial sectors and boost spending on infrastructure.
Briefly: In our opinion, speculative short positions are favored (with stop-loss at 2,210, and profit target at 2,050, S&P 500 index).
Our intraday outlook is now bearish, and our short-term outlook is bearish. Our medium-term outlook is now neutral, following S&P 500 index breakout above last year's all-time high: