Monthly Archives: May 2019

Get Ready for A Tough Summer

Since the beginning of the breakdown of the trade war negotiation, the S&P 500 index only suffered a decline of 5.17% from high to low.  Despite the severity of the consequences of a prolonged trade war, the investors refused to believe the reality.  The S&P 500 made a temporary bottom around 2801 level on Monday May 13th,

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Embrace The Much Needed Correction

The market has been so bullish since the December bottom that even with the worst kind of announcement about the trade war, it refused to believe that the reality is finally here.  The major indices suffered only minor damages.  Last Friday the market had an intraday bullish reversal indicating it should go higher on Monday.

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It’s About Time!

It has been 86 trading days since the December 2018 low.  The S&P 500 index rallied a total of 25.89% from low to high.  The high occurred on Wednesday May 1st after the Fed meeting conference.  After the initial 1.8% drop on Thursday, it rallied back on Friday based on good employment numbers. 

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