Quick Note on This Morning’s Action

Dow’s down nearly 500 points as I type. The session this morning has been all over the place. At one point the Dow was up high double digits, then meandered its way lower, accelerating the minute Britain’s Teresa May began addressing parliament on her latest Brexit maneuvers.

Clearly, traders are in technical mode: I.e., selling as previous support levels get breached. If you’ve been with me on the videos, you know that for the past several weeks I’ve pointed to the possibility that the October low may not hold; it’s not this morning (I’ll update you later tonight).

While times like these (times when the price action dramatically defies the fundamentals) are not fun for folks who track their accounts daily, as I illustrated in this week’s message, they’re not all that unusual in the historic scheme of things.

On Bloomberg this morning, popular Citigroup strategist Tobias Levkovich targeted a 2,800 year-end S&P 500. Now that’s quite a ways higher from here (although it was there like 2 weeks ago), and while I’ve seen stranger things happen, I think it virtually demands something concretely positive-sounding from both sides in the U.S./China trade mess.

Be back tonight with a recap…


Recieve Between the Lines Posts to your Inbox

Sign up for lorem ipsum delores sin.

We care about the protection of your data. Read our Privacy Policy.
vulkan vegas, vulkan casino, vulkan vegas casino, vulkan vegas login, vulkan vegas deutschland, vulkan vegas bonus code, vulkan vegas promo code, vulkan vegas österreich, vulkan vegas erfahrung, vulkan vegas bonus code 50 freispiele, 1win, 1 win, 1win az, 1win giriş, 1win aviator, 1 win az, 1win azerbaycan, 1win yukle, pin up, pinup, pin up casino, pin-up, pinup az, pin-up casino giriş, pin-up casino, pin-up kazino, pin up azerbaycan, pin up az, mostbet, mostbet uz, mostbet skachat, mostbet apk, mostbet uz kirish, mostbet online, mostbet casino, mostbet o'ynash, mostbet uz online, most bet, mostbet, mostbet az, mostbet giriş, mostbet yukle, mostbet indir, mostbet aviator, mostbet casino, mostbet azerbaycan, mostbet yükle, mostbet qeydiyyat