S&P 500 Finishes in The Green on Light Volume

S&P 500 Finishes in The Green on Light Volume

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

The S&P 500 ended just in The Green Tuesday as gains in tech-related shares offset fresh worries about the impact of the US China trade dispute on earnings and the Fed on interest rates.

USTR Lighthizer and Treasury Secretary Mnuchin spoke to China’s Vice Premier Liu He Tuesday.

Market reaction was muted, as it was expected that there would be a phone call this week to continue trade talks.

Wednesday, Investors will receive the FOMC Mins from the June meeting, Wholesale Inventories for May, and the weekly MBA Mortgage Applications Index.

The DJIA fell 22.38 points, or 0.08%, to 26,783.76, the S&P 500 gained 3.67 points, or 0.12%, to 2,979.62 and the NAS Comp added 43.35 points, or 0.54%, to 8,141.73.

Volume: Trade came in lite on the NYSE at 678-M/shares exchanged

  • NAS Comp +22.7% YTD
  • S&P 500 +18.9% YTD
  • Russell 2000 +15.9% YTD
  • DJIA +14.8% YTD

HeffX-LTN’s overall technical outlook for the major US stock market indexes if Bullish in here and Key indicators are flashing Very Bullish.

Stay tuned…

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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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