TRADE TRUCE BUT A GOOD DEAL NOW LESS LIKELY — HERE IS THE PLAN FOR STOCK INVESTORS $AMAT $DUST $AMZN $FB $MU $NUGT $QCOM $SPY
U.S. President Donald Trump and Chinese President Xi Jinping have declared a trade truce. And stock market bulls are encouraged. So this is a good time for prudent investors to look ahead and plan.
Before I discuss a potential plan, let’s start with a chart. Please click here for an annotated chart of the SPDR Dow Jones Industrial Average ETF DIA. For complete transparency, this chart is unchanged from the prior publication. Similar conclusions can be drawn from the charts of SPDR S&P 500 ETF SPY and Invesco QQQ Trust QQQ which tracks the Nasdaq-100 Index NDX :
• The chart shows the first target for the Dow Jones Industrial Average of 29,000.… Please click here or the title below to read more.
July 1, 2019