Market Direction Week of September 17, 2018©

Market Direction:BULLISH alert issued 2/15/2018 

Are you the person who wants to improve your options trading by 50% or more?

Stock on the Radar (STAR)© is a service we provide. When there is a new stock recommendations for the week it is typically made available Sunday evening, so investors can prepare to take a position when the market opens Monday for trading. Our competitive advantage is great value to give you greater success as beginning options traders.

To view this trade just click the link below and purchase it for $5.00. 

Click here! 

Last Week Review: Stocks finished higher last week, rebounding from the more than 1% decline experienced the previous week. Trade headlines continued to swirl last week, but we continue to believe most of the threats to increase tariffs are negotiation tactics and will be resolved over time without a significant slowdown in global growth. Despite trade tensions, solid fundamentals of better economic and earnings growth continue to support rising global stock prices over time.

This week the United Kingdom (UK) and the European Union (EU) announced that a special meeting would be held in November in which the final Brexit deal would be signed. This news came despite a lack of resolution on several key issues including customs checks and border patrol between Northern Ireland and Ireland. Once signed, the deal would still need to be approved by the UK and EU Parliament before implementation can take effect in March 2019.

While the markets seem to be taking the ongoing trade disputes in stride, on Thursday President Trump directed the additional 25% tariff on $200B in Chinese imports be implemented, even as Treasury Secretary Mnuchin, Commerce Secretary Ross and Trade Representative Lighthizer are attempting to re-start trade talks with Chinese trade officials. The public comment period on this round of tariffs just ended last week, and President Trump has promised they would be implemented “soon”.

How the market finished last week, the S&P 500 up 1.2%, the Nasdaq up 1.4%, and the Dow up 0.9%.

This Week: Trade/Tariff issues remain the only major headwind keeping the markets from breaking out to record highs again, but technical factors are also likely to limit the upside in the near-term.

On the one hand, the ongoing trade dispute and potential new tariffs applied to Chinese imports (see the Asia section above) are likely to create at least some modest volatility next week; and the SPX is battling with upside technical resistance, which could be difficult to overcome without a new upside catalyst.

On the other hand, the economic calendar is rather light next week, so market moving data is unlikely; and the economic backdrop and sentiment gauges indicate that business leaders, consumers and investors remain optimistic and are continuing to spend and invest.

Economic Calendar: Housing Starts and Building Permit (9/19), Existing Home Sales (9/20), Leading Economic Indicators (9/20) 

Some of the major earnings announcements on deck: FDX, ORCL, CPRT, RHT, DRI.

$tockMarketDirection proprietary model is currently BULLISH. We strongly encourage you to monitor positions closely, exercise proper money management strategies and follow us at $tockMarketDirection for ALERTS we may issue advising a change in the current market direction. Stay tuned and follow us. If you have a testimonial or comment of how this website has helped you we would like to know, email us. Share with a friend. Cha-ching.

Related Link: http://www.stockmarket-direction.com/