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The bulls held key support levels on last Monday’s mini selloff while the bears held key resistance levels on Friday. Both sides remain within striking distance of establishing the next major trend but the stalemate between a breakout, or breakdown, continues and has been ongoing since mid-January. The Russell teased us once again after testing an intraday high of 2,326 on Thursday...
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The stock market showed continued strength on Wednesday following Monday’s opening selloff over tariff worries. The rebound off the lows comes after tariffs were delayed for a month on Mexico and Canada but not on China. The Nasdaq closed at 19,692 (+0.2%) with the high hitting 19,696. Resistance at 19,750 held. Support is at 19,500. The S&P 500 traded up to 6,062 before ending at...
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The tariff war starts in February with initial estimates ranging from 10%-25%. Companies in the defense and aerospace sectors and Raw Materials and Commodities Producers could benefit. The logistics and shipping industries could be impacted, but companies that offer domestic transportation solutions might benefit from increased demand for goods. [video width="900px"...
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The tariff war starts in February with initial estimates ranging from 10%-25%.Companies in the defense and aerospace sectors and Raw Materials and Commodities Producers could benefit.The logistics and shipping industries could be impacted, but companies that offer domestic transportation solutions might benefit from increased demand for...
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