July 28, 2019
Weekly Market Outlook
By Keith Schneider
US Stock indexes made impressive gains this week , +2% ( give or take) , as long as one ignored the Dow industrials which managed to stay positive. Boeing dragged the Dow down after it reported earnings as it struggles to deal with the debacle regarding two fatal crashes due to design flaws in its it newest jet.
Weekly charts on the key indexes continue to show divergences as momentum lags. Meanwhile , the daily charts don’t seem to care as both the NASDQ 100 and the S&P 500 made all time highs.
Regional banks ( KRE otherwise known as the modern families prodigal son ) which prefer higher rates to improve operating margins moved up. This could be anticipating a surprise move by the Federal Reserve to keep rates where they are, although that seems counter intuitive as the trade war remains intact and the global economy shrinks.
This week’s highlights are:
For this week's video click below.
Best Wishes for your trading!
CEO – MarketGauge.com