Markets Trim Gains on Rebalancing and Options Expiration [TheStreet.com]
SEVEN STARS CLOUD GROUP (SSC)
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Source: TheStreet.com
Markets Trim Gains on Rebalancing and Options Expiration | Dec 15, 2017 | 4:18 PM EST Some late movers due to index rebalancing and option expiry triggered profit and took the indices off their highs. Despite the late dip there were two themes that lit a fire under the market today. First was the steady trickle of news confirming that the Republicans have the votes to pass the bill that will be presented this evening. Both Senators Rubio and Corker came around and the should be sufficient to seal the deal. The final vote won't be until next week but the market was celebrating the passage once again today. The other theme today was positive seasonality in small caps. Much of it was in the bitcoin-related plays like Overstock ( OSTK ) which was my Stock of the Week and made a 50% move this week. Others names like Seven Stars Cloud ( SSC ) , LongFin ( LFIN ) and Riot Blockchain ( RIOT ) helped to make for a festiv
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