February 9, 2020
Weekly Market Outlook
By Keith Schneider
The Senate acquitted President Trump this week ending the impeachment saga and China reduced tariffs on $75 billion dollars of US exports. Equity markets loved it, closing up over +3% on decent volume.
The overall picture for equities is still murky despite the move to all time highs in the S&P500, the Dow Industrials, and the Nasdaq 100.
The Euro looks like is heading to par against the dollar and could be an early sign that the EU could implode sooner than some expect.
This week’s highlights are:
Looking at this week’s highlights, it’s clear that we are getting some very mixed signals about the next move in the market.
Our sense is that the next move will be a very large one from current levels. Therefore, it is particularly important to watch all key indicators and not miss any inputs which is why we are doing a very special release of our Complete Trader program right now (for a limited time).
Best Wishes for your trading