STOCK BULLS, WATCH OUT BECAUSE TRUMP’S ‘RED LINE’ MAY HAVE BEEN CROSSED $XLK $SPY $IWM $AAPL $FB $MU $PYPL $AMD $GOOG $NVDA
Prudence requires that stock market bulls take protective measures as Special Counsel Robert Mueller investigates President Trump’s financial dealings, crossing a “red line” the president said he wouldn’t allow.
Politics has the power to throttle stocks. On Dec. 1, when it was announced that former national security adviser Michael Flynn was charged with lying to the FBI, the Dow Jones Industrial Average DJIA, +0.06% fell as much as 350 points.
Let’s discuss Trump’s red line and what it could potentially mean. Here are two charts, one short-term and one long-term.
Two charts
Please click here for an annotated chart of technology ETF XLK.… Please click here or the title below to read more.
December 6, 2017