MEXICO TARIFFS DO NOT CHANGE THE ACTION ITEM FOR PRUDENT INVESTORS $GM $F $SPY $QQQ $FCAU $GOOG $AMZN $AAPL $MU $QCOM $INTC $AMD $PSQ
The surprise announcement by President Trump of imposing new tariffs on goods imported from Mexico does not change a previously prescribed action item for investors.
Let us examine this issue with the help of a chart.
Please click here for an annotated chart of a Nasdaq 100 ETF QQQ. Similar conclusions can be drawn from the charts of the Dow Jones Industrial Average DJIA and an S&P 500 ETF SPY. For the sake of transparency, the chart is the same one previously published before the current downturn in the stock market. Please note the following:
• I have previously written that technical analysis no longer works as well as it used to.… Please click here or the title below to read more.
May 31, 2019