Market Resilient in Trade Talks!!!
Markets have rallied from support last week but gave back half those gains on Monday’s session. There are few pockets showing positive action. This past week, weaker global markets have also rallied from support levels. VEU, EEM, and EFA all tested critical support levels from their August lows and encountering trendline resistance here. With ‘Trade […]
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Weak World Markets Could Spoil the Party!
Markets seem to have found support last week at previous resistance levels. There are few pockets showing positive action. In concert with our short-term composite model turning negative this past week, weaker global markets have continued to decline. VEU, EEM, and EFA all moved lower and are testing critical support levels from their August lows […]
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Trade War & World Markets
Markets have turned lower after making new highs last week. Wednesday was poor day for markets in recent weeks. NASDAQ declined over 1% on higher volume and many leaders were hit hard. SPX have declined back into earlier range. Other world markets had rallied last week and were showing hope of settled waters. But they […]
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Strong Economy Leading to Strong Dollar
Markets are trading higher and making new highs except NYSE index. There is divergence in US and other world markets. US markets are charting new highs while other world markets are trying to find support off the lows made in August and break out of down trend. When that happens will indicate ‘trade war’ is […]
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