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Trump just halted a major rule about retirement advice

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The Chamber of Commerce filed a legal challenge to the rule last summer claiming it would make it harder for advisors to provide financial advice. The flawed fiduciary rules rushed implementation would have jeopardized access to retirement advice and choice while its severe consequences and compliance burdens would have made it harder for small businesses to offer retirement plans, the chamber’s President and CEO Thomas Donohue said Friday

Trump just halted a major rule about retirement advice

Using Support, Resistance And Trendlines To Better Your Trading

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Trendlines are only as strong as the number of price points that are connected. You can always connect two price points and highlight a trendline. But those cannot be relied upon to hold as support. As you test a trendline more and more times, that trendline becomes very important. CFR began a parabolic rise a year ago after breaking a prior downtrend and that trendline represents excellent support – until it’s broken.

Key Takeaways:

  • As you test a trendline more and more times, that trendline becomes very important. CFR began a parabolic rise a year ago after breaking a prior downtrend and that trendline represents excellent support – until it’s broken.
  • Last week, FFIV sold off to test its rising trendline for the fifth time since bottoming a year ago. The 130-135 range is very important for price reasons as well. Check out price resistance (red arrows) prior to the October breakout.
  • The current price level represents a great reward to risk entry with minimum hopes of a retest of recent price highs. Trendline support would be a solid closing stop level.

“Trendlines are only as strong as the number of price points that are connected.”

http://stockcharts.com/articles/chartwatchers/2017/02/using-support-resistance-and-trendlines-to-better-your-trading.html

This Hot Transport Play Is Still In Buy Range, Ahead Of Potential Breakout

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Thor Rumbles Toward New Buy Point, But Late Stage

1/27/2017 Industry leading recreational-vehicle (RV) maker, Thor Industries, is heading toward a flat base breakout after taking time to refuel.

A Strong Week For IBD 50 Stocks Ends In Breakouts, New Highs, Bases

Thor Posts Solid Growth As It Drives Toward New Buy Point

A Hot Market For Leaders Requires Well-Crafted Trades

Does This RV Maker Have More Miles To Go?

The IBD 50 In 2016: A Lesson In How To Achieve Big Returns

Finish Line Dives On Earnings, Winnebago Goes Into Reverse, Paychex Dips

This Hot Transport Play Is Still In Buy Range, Ahead Of Potential Breakout

Canadians not feeling ‘wealth effect’ as stock market nears high – Yahoo Finance

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Stock market gains usually add to financial security and boost people’s spending. But economists expect the “wealth effect” to disappoint as Canadians grapple with a sluggish domestic economy and uncertainty over the implications of Donald Trump’s election as U.S. president. A rising domestic stock market will barely lift the confidence of ordinary Canadians, who are more concerned about job prospects in an economy threatened by a more protectionist United States, economists say.

Key Takeaways:

  • A rising domestic stock market will barely lift the confidence of ordinary Canadians, who are more concerned about job prospects in an economy threatened by a more protectionist United States, economists say.
  • Stock market gains usually add to financial security and boost people’s spending. But economists expect the “wealth effect” to disappoint as Canadians grapple with a sluggish domestic economy and uncertainty over the implications of Donald Trump’s election as U.S. president.
  • Canadian consumer confidence fell in January to its lowest since October, a survey conducted by the Conference Board of Canada showed recently.

“Stock market gains usually add to financial security and boost people’s spending. But economists expect the “wealth effect” to disappoint as Canadians grapple with a sluggish domestic economy and uncertainty over the implications of Donald Trump’s election as U.S. president.”

http://finance.yahoo.com/news/canadians-not-feeling-wealth-effect-180146976.html