A big gap down for the Stock Market today. And most everything else is following except for TLT.
This is a bearish configuration for the markets.
I suspect the worry is trade. The trade war talk is heating up with the mainstream media in high gear bash in White House policies.
Now, perhaps you could give the mainstream media on credibility on this, except for the fact they bash everything this White House does:)
As I told a few friends this morning, let’s wait and see how all this pans out. After all, Trump has been successful in most everything he has undertaken. There is no reason to doubt the end result will be for the U.S.
And remember, we are not talking about free trade. Trump said he was in favor of free trade. But what he is not in favor of is the other countries imposing tariffs while the U.S. takes it on the chin as a result.
That seems logical to me, however, its a very complicated issue.
I view this dip as a buying opportunity. When will be the question. I will be watching a variety of systems to see where a high percentage spot will be to start putting on mean reversion trades.
Probably will not be today.
Good Luck Today
RickJ’s Handicapping Picks