Wall Street Finished Mixed in Cautious Session

Wall Street Finished Mixed in Cautious Session

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

FLASH: US-China trade talks resume in Beijing

President Trump and China President Xi appear closer to a trade deal, according to Presidential counselor Kellyanne Conway.

“The President wants a deal, and he wants it to be fair to American workers and American interests,” Ms. Conway said on TV early Monday. “He forged a mutually respectable, respectful, I should say, a relationship with President Xi.”

Further, the team lead by Ambassador Robert Lighthizer, has been “working overtime to get the deal done,” she said.

President Trump has been saying the “exact same” thing he has been saying overall, said Ms. Conway.

“Why do we have a $500-B trade deficit with China?”

“Why are our folks the ones getting screwed?

This President wants a deal and he wants to be fair with this country. If he wants a trade deal, we’ll meet again soon.”

President Trump is planning to meet at the end of February with NKorea’s Chairman Kim Jong Un in Vietnam, and China has pushed for the denuclearization of North Korea, Ms. Conway added.

Her comments come as Secretary of State Mike Pompeo travels to Central Europe amid fears concerning the growing influence of China and Russia in the region, according to other administration officials.

Secretary Pompeo, who left for the tri Sunday, is expected to point out Central Europe’s reliance on Russia’s energy, as well as Chinese telecom firm Huawei, according to officials.

Huawei’s expansion, particularly in NATO member states, is a concern because of the threats to information security systems.

Monday, the major US stock market indexes finished at: DJIA -53.22 at 25053.11, NAS Comp +9.71 at 7307.92, S&P 500 +1.92 at 2709.76

Volume: Trade on the NYSE came in at 813-M/shares exchanged

  • Russell 2000 +12.6% YTD
  • NAS Comp +10.1% YTD
  • S&P 500 +8.1% YTD
  • DJIA +7.4% YTD

HeffX-LTN overall technical analysis of the major US stock market indexes is Neutral to Bullish in here.

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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