The Dow surges 500 points as Trump gives encouraging signs about a trade truce

October 12, 2019 By: adminbackup

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50-Day MA’s Back in Play

October 10, 2019 By: adminbackup

U.S. markets showed slight weakness to start Thursday’s session following news out of China suggesting the visit to the U.S. by the Chinese delegation may be cut short. However, a sharp turnaround occurred shortly afterwards when President Trump confirmed he would meet with China’s Vice Premier on Friday at The White House.The higher highs and retest of prior resistance levels were slightly...

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Oil rises 1.8% as OPEC pledges decision on supply

By: adminbackup

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It’s been a crazy day for US-China trade news — here’s what we know

By: adminbackup

Investors’ heads are spinning because of a slew of conflicting headlines related to the U.S.-China trade talks.Dow Jones Industrial Average futures dropped more than 300 points overnight at one point. By Thursday morning, however, the Dow was up more than 150 points.Stocks jumped Thursday morning after President Donald Trump said in a tweet: “Big day of negotiations with China. They want to...

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Market may be expecting more rate cuts than the Fed will deliver, meeting minutes show

October 9, 2019 By: adminbackup

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Bulls Recover Near-Term Resistance Levels on Mild Rebound

By: adminbackup

U.S. markets showed strength for the 2nd-straight session following a jobs report that was not as weak as feared. Optimistic comments from President Trump regarding upcoming U.S.-China trade talks added to the jobs report momentum which tempered rising worries of a deeper slowing in economic growth, if not recession by 2020.Fed speak throughout the day supported expectations for another...

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