From last night close, the percentage of stocks trading above their 200 day simple moving average is above the 50% mark. Given over night action from North Korea, the more weakness is expected. These conditions indicate weakness and most of the times corrections are expected. From the picture below, you can see that from 714
Sp500 and Nasdaq are negative again after the drop overnight in Asian markets and new political events in the US. The new economic data is morning was positive which helped to reduce the pressure on the market. At this time the indexes are negative today. Tomorrow, we have option expiration. Weekly Jobless Claims came at
The United States and China have agreed to take action by mid-July to increase access for U.S. financial firms and expand trade in beef and chicken among other steps as part of Washington’s drive to cut its trade deficit with Beijing. Data from Reuters The United States will send a delegation led by White House
Russia warned that U.S. cruise missile strikes on a Syrian air base could have “extremely serious” consequences, as President Donald Trump’s first major foray into a foreign conflict opened up a rift between Moscow and Washington. Live: https://www.reuters.com/article/us-mideast-crisis-syria-idUSKBN1782S0 Article: https://www.bloomberg.com/politics/articles/2017-04-07/tomahawk-launches-practiced-by-u-s-before-trump-gave-go-ahead Video: https://www.theguardian.com/world/live/2017/apr/07/us-syria-response-donald-trump-assad-pentagon-live Early this morning Stocks: none in the long-term. DJIA futures fell over