President Trump Notes Positive Movement in China Trade Dispute, Market Responds

$DIA, $SPY, $QQQ, $RUTX, $VXX

Wall Street began this week on higher note following President Trump’s trade comments

Monday, President Trump scaled back a US-China trade dispute declared that the 2 sides will begin serious negotiations soon.

President Trump said his trade negotiators had received 2 “very good calls” from China Sunday.

“I think we’re going to have a deal, because now we’re dealing on proper terms. They understand and we understand,” President Trump said.

This is the 1st time I have seen them where they really want to make a deal. And I think that’s a very positive step,” he added.

President Trump added Monday that the 2 sides will begin “talking very seriously,” saying that after the calls he believes the Chinese “mean business.”

Monday, the major US stock market indexes finished at: DJIA +269.93 at 25898.81, NAS Comp+101.97 at 7853.76, S&P 500 +31.27 at 2878.38

Volume: Trade on the NYSE came in at 706-M/shares exchanged

  • NAS Comp +18.4% YTD
  • S&P 500 +14.8% YTD
  • DJIA +11.0% YTD
  • Russell 2000 +9.5% YTD

HeffX-LTN’s overall technical analysis for the major US stock market indexes is Bearish in here.

Have a terrific week.

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