$DIA, $SPY, $QQQ, $RUTX, $VXX
FLASH: DJIA tested to its 50-Day MA and bounced, as sellers were few and buyers came in and bought the dip. There was no fear in the market from the US-China issues and/or President Trump’s hammering of Iran.
Savvy market participants see President Trump’s China goods tariff threat as a negotiation tactic to speed up trade talks than a move prevent the completion of a trade deal.
It is silly to think that President Trump would try to upend this roaring Bull market that setting up to break out over all time highs. China reportedly plans to send a trade delegation to Washington this Thursday. The US has the leverage on China in this Key matter.
Monday, the major US stock market indexes finished at: DJIA -66.47 at 26438.48, NAS Comp -40.71 at 8123.27, S&P 500 -13.17 at 2932.47
Volume: Trade on the NYSE came in at 799-M/shares exchanged.
- NAS Comp +22.4% YTD
- Russell 2000 +19.8% YTD
- S&P 500 +17.0% YTD
- DJIA +13.3% YTD
HeffX-LTN’s overall technical outlook for the major US stock market indexes is Bullish to Very Bullish in here.