Wall Street fears wounded Trump!
Markets have reacted further with selling pressure this past week. It has been the worst week for markets since 2008 financial crisis. We are officially in ‘Bear’ territory on NASDAQ and SPX at 2350. FED chairman Mr. Powell has gotten what he wanted before he turns dovish. In September speech he indicated that ‘market moves’ […]
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Market signaling deeper correction!
Since reversal from resistance levels at 50DMA & 200DMA market has shown little interest to rally. This week’s FED’s interest rate hike with strong US economy (New Jobless claims came in way below consensus) is being discounted by markets. This morning, indexes are breaking October lows near 7000 on NASDAQ & 2600 on S&P. Volatility […]
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Is Trump winning China Trade war?
This week all of last week’s gains were wiped out. Optimism generated by Chinese Premier and President Trump on resolving Trade and Tariff issues were being questioned with Huawei’s CFO Meng Wanzhau’s arrest on violating US sanctions against Iran. On Tuesday, indexes reversed from resistance levels at 50DMA & 200DMA. Friday’s poor jobless report should […]
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