September 29, 2017 — CACC has a long breakout trade with a squeeze that fired long and 55% short interest. - Simpler Stocks

The markets got off to a weak start this morning, but managed to selectively recover ground as the session progressed. At the close, the Dow was ahead 40 points, the S&P 500 was up 3 points and the NASDAQ broke even. Today’s economic news likely offered some support for the market. The final estimate, gross domestic product (GDP) increased at an annualized rate of 3.1% during the third quarter. Also, the labor market remains in good shape. The initial jobless claims came in at 272,000 during the week of September 23rd. Technically, the stock market continues to show some resilience. Looking ahead, investors will be largely influenced by the numerous third-quarter corporate reports soon to be released and the future of proposed tax reform efforts.