Stocks rallied on low volume as the trade war between China and the US ebbs and flows. At the close the Dow gained 197 points at 25,877. IBD is still showing “market in correction” while BTS has recently moved to cash indicating a more risk off approach. The general tone of the markets is one…Read more
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Stocks were lower to start the week. The Dow closed off 84 points to 25,679 on lighter trading volume. As per usual, trade worries top the list of worries. Morgan Stanley thinks that if current trade talks fail and tariffs become long lasting it could cause a recession. In the tech/telecom space, Chinese based Huawei…Read more
Watching stocks today was like watching a ping pong match as indexes traded back and forth before finishing the day with a 98-point drop to 25,764 on heavier trading volume. For the week the Dow had an overall drop of 176 points or roughly 0.68% and for the year is up 10.9%. IBD lists stocks…Read more
Stocks rallied out of the gate overcoming a negative opening bias thanks to strong earnings reports and a delay in possible car tariffs on Germany. At the close the Dow was up 217 at 25,864. Trading volume was higher. Cisco Systems reported earnings that were better than expected. Revenue was up 4% and net income…Read more
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