This is a syndicated repost published with the permission of Slope of Hope. To view original, click here. Opinions herein are not those of the Wall Street Examiner or Lee Adler. Reposting does not imply endorsement. The information presented is for educational or entertainment purposes and is not individual investment advice.
The market is absolutely hamstrung until this goddamned China trade thing is behind us. The next couple of weeks are going to be a nauseating buffet of bromides. For the short-term, I’d suggest keeping an eye on the Dow 30, to see if it fails to beat the bar highlighted below:
And, even more importantly, the Dow Transports, with its own “limit” bar:
As I said on my show yesterday, the best outcome for the bears would be a grand announcement about a finalized trade pact. I suspect, regrettably, that it’ll just be another can-kicking exercise, little different than what we’ve been living with for years now.
Join the conversation and have a little fun at Capitalstool.com. If you are a new visitor to the Stool, please register and join in! To post your observations and charts, and snide, but good-natured, comments, click here to register. Be sure to respond to the confirmation email which is sent instantly. If not in your inbox, check your spam filter.
