Markets Searching for a Direction With the US-China trade talks getting tiringly protracted/stalled, and in the absence of major headlines, the markets are searching for a direction. Tomorrow’s Fed event may or may not provide some fodder. Caution is advised against going short while the index is above 2840 and going long while under 2875. Below, (more…)
Note: Our daily “S&P 500 Outlook, Forecast, and Trading plan for Tuesday, 05/21” will be posted around 8:30am EDT, Tuesday. THE GIST (“THE WHAT”) With U.S. – China trade tensions simmering in the background, the S&P 500 index closed lower as investors continue to sell trade-sensitive stocks. Semiconductors and blue-chip technology stocks fell sharply after they (more…)
