Really Good US-China Trade Deal Will See Stocks Soar

Really Good US-China Trade Deal Will See Stocks Soar

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

FLASH: President Trump said the US will probably know, 1 way or another, in “the next 3 or 4 weeks” about a possible trade deal with China, as
S&P 500 marked a fresh closing high Friday.

“If that gets done, it will be something that people will be talking about for a long time,” President Trump said Thursday at a White House event.

President Trump had said he was in “no rush” to complete a trade deal with Beijing. But it will be “All or Nothing at All”

Treasury Secretary Steven Mnuchin said “there is still a lot of work to do, but we’re very comfortable with where we are” in trying to forge a pact.

“I do not think there’s anything significantly different on the currency issue from where we were last time,” he said.

Secretary Mnuchin also said he expected elements of the discussions to be resolved in the near future, as the two sides pore over a 150-page document they are working on.

Friday, the major US stock market indexes finished at on light volume: DJIA +138.93 at 25848.87, NAS Comp +57.62 at 7688.52, S&P 500 +14.00 at 2822.48

Volume: Trade on the NYSE came in at 6-M/shares exchanged

  • NAS Comp +15.9% YTD
  • Russell 2000 +15.1% YTD
  • S&P 500 +12.6% YTD
  • DJIA +10.8% YTD

HeffX-LTN’s technical outlook for the major US stock market indexes is Bullish for the week ended 15 March 2019

Have a terrific weekend.

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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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