TRADE GAME ON — A SETUP FOR AN EXPLOSIVE RALLY AND SUPPORT ZONES, INCREASE HEDGES AND CASH $AAPL $BABA $INTC $NKE $YUMC $SPY $QQQ
A question for investors today is how they want to react to President Trump threatening to put more tariffs on Chinese goods.
Let’s explore the issue with the help of a chart.
Chart
Please click here for an annotated chart of ETF S&P 500 ETF SPY, which represents the S&P 500 Index SPX. Please note the following:
• The Chinese are notorious for dragging out negotiations to get the best deal. Irrespective of your political leanings, Trump’s latest move seems to be in the long-term best interest of the U.S. and the stock market.
• The short term for the stock market is a different story.… Please click here or the title below to read more.
May 6, 2019