Well, finally the S&P 500 cash index broke out the 2800 level last week. But it has been standing still around the 2800 level without attracting urgent sellers or buyers. Normally the stalemate will be resolved on the downside by its own gravity–for lack of buyers to push up the market.
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While both the DOW and S&P 500 indices are trapped below the all time high that was establish in January 2018, the Nasdaq ignored all the noises and made three more all time highs since January 2018. We can’t ignore the fact the numbers are speaking loud and clear that the winners are still with […]
The much talked trade war opened fire on Friday, July 6th as anticipated. The market was calm as it could be. All three major indices rallied with NASDAQ in leading position. The Chinese stock market rallied as well. Is the market discounting the impact of the future trade war escalation?
Two weeks ago we sent a private blog to warn our subscribers to take profit as the price hitting the extended 4th channel line. After it hit the top channel line on the 8th day of the daily cycle, it continued two more days to make the high at 46.23. What does this high at […]
The major indices finished the first half of 2018 as a mixed bag. S&P 500 and NASDAQ both finished with gains, while DOW finished in loss in the first half year. This truly reflects the worries of a trade war because the DOW is mostly comprised of the multinationals, which are more sensitive to trade […]
