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

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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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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