Hussein Obama-era ‘Net Neutrality’ Rules Shredded

Hussein Obama-era ‘Net Neutrality’ Rules Shredded

Hussein Obama-era ‘Net Neutrality’ Rules Shredded

$DIA, $SPY, $QQQ, $VXX

The Federal Communications Commission (FCC) has voted to undo sweeping Hussein Obama-era “net neutrality” rules that guaranteed equal access to internet, shredding further his anti-business legacy

The agency’s Democratic commissioners dissented in the 3-2 vote Thursday.

The FCC’s new rules could usher in big changes in how Americans use the internet.

The agency got rid of rules that barred companies like Comcast (NASDAQ:CAMSA), AT&T (NYSE:T), and Verizon (NYSE:VZ) from playing favorites with internet apps and sites.

The broadband industry promises that the internet experience isn’t going to change. But protests have erupted online and in the streets as everyday Americans worry that cable and phone companies will be able to control what they see and do online.

Net-neutrality supporters plan legal challenges. Some Democrats hope to ride that wave of public opinion into the Y 2018 elections.

Thursday, the US major stock market indexes finished at: DJIA -76.77 at 24508.66, NAS Comp -19.27 at 6856.53, S&P 500 -10.84 at 2652.01

Volume: Trade on the NYSE came in at: 814-M/shares exchanged

  • NAS Comp +27.4% YTD
  • DJIA +24.0% YTD
  • S&P 500 +18.5% YTD
  • Russell 2000 +11.1% YTD
HeffX–LTN Analysis for DIA: Overall Short Intermediate Long
Very Bullish (0.64) Bullish (0.49) Very Bullish (0.83) Very Bullish (0.58)
HeffX-LTN Analysis for SPY: Overall Short Intermediate Long
Very Bullish (0.65) Very Bullish (0.67) Very Bullish (0.69) Very Bullish (0.58)
HeffX-LTN Analysis for QQQ: Overall Short Intermediate Long
Bullish (0.49) Neutral (0.19) Very Bullish (0.58) Very Bullish (0.69)
HeffX-LTN Analysis for VXX: Overall Short Intermediate Long
Bearish (-0.44) Very Bearish (-0.50) Very Bearish (-0.57) Bearish (-0.25)

Stay tuned…

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Paul Ebeling

Paul A. Ebeling, polymath, excels in diverse fields of knowledge. Pattern Recognition Analyst in Equities, Commodities and Foreign Exchange and author of “The Red Roadmaster’s Technical Report” on the US Major Market Indices™, a highly regarded, weekly financial market letter, he is also a philosopher, issuing insights on a wide range of subjects to a following of over 250,000 cohorts. An international audience of opinion makers, business leaders, and global organizations recognizes Ebeling as an expert.

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