Category Archives for General

Bears Take 2nd-Straight

U.S. markets struggled for a 2nd-straight session while making lower lows as stalled U.S./ China talks and related tariff escalation remained the focus. Increased scrutiny over Chinese telecom companies are at the forefront and are making it harder for U.S. companies to do business deals following the new restrictions.Near-term support held with more crucial levels […]

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Bears Snatch Weekly Win From Bulls

U.S. markets showed some strength shortly after a lower open on Friday following news the trade front with the EU, Mexico and Canada is easing with the U.S. set to remove steel and aluminum tariffs on Canada and Mexico. However, weakness returned late in the session following reports of stalling trade negotiations with China with […]

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Nasdaq / S&P 500 Clears 50-Day MA’s

U.S. markets showed strength for the 3rd-straight session following upbeat economic news and strong company profits as the 1Q continues to wind down. The gains pushed all of the major moving averages back into positive territory for the week with volatility also settling below key levels of support.The Nasdaq jumped 1% following the intraday high […]

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Bulls Keep Slight Momentum

markets

U.S. markets opened lower to start Wednesday’s session following slightly disappointing economic news concerning retail sales. The major averages avoided lower lows and started showing strength an hour afterwards on news that President Trump will delay a decision by up to 6 months to impose tariffs on auto imports at some point this week.With Friday’s […]

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Bulls Rebound off Slightly Oversold Levels

U.S. markets showed strength throughout Tuesday’s session following conciliatory comments from President Trump who said he and President Xi will meet in June at the G20. The market took the comments as a possible sign that President Trump will hold off on additional tariffs for now.China also indicated the nation does not want a trade […]

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Uh Oh…VIX Closes Above 20

U.S. markets resumed their recent downtrend while trading to fresh monthly lows following news China will hike tariffs on $60 billion worth of U.S. imports that include a broad range of agricultural products.China said in a statement that the U.S.′ decision jeopardized the interests of both countries and does not meet the general expectations of […]

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Bulls End 4-Session Slide

U.S. markets closed higher on Friday to end 4-sessions of weakness in a volatile session dominated by headlines concerning the ongoing U.S. and China trade negotiations. The major indexes made lower lows for the week during the first half of action after President Trump indicated there was no need to rush in talks and that […]

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Major Moving Averages Remain in Play

U.S. markets showed weakness for a 4th-straight session while testing lower lows on worries the U.S. and China will be unable to reach a trade agreement before new tariffs go into effect on Friday. President Trump said he has an excellent alternative if no agreement is reached that will take in well over a $100 […]

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Bears Extend Winning Streak to 3-Straight

U.S. markets were choppy during the first half of Wednesday’s action before showing strength after a tweet from President Trump that confirmed China’s Vice Premier is on the way to the U.S. to make a deal. Of course, the devil will be in the details if a deal is announced on Friday, or if there […]

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Bears Crack Near-Term Support Levels

U.S. markets showed continued weakness on Tuesday but failed to rebound while making lower lows than the previous session. Much of worry was over continuing U.S./ China trade tensions after U.S. Trade Representative Robert Lighthizer said the U.S. will increase tariffs on $200 billion in Chinese goods to 25% from 10% on Friday with the […]

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