Market Correction Underway

7 thg 5, 2019

So, trade war news and we get this. SPY tumbles and loses around 2% in two days. Scary. If trade talks are not resolved, we can expect continued losses. We were in a good growth pattern since the beginning of Jan. Market is still trading above 50 and 200 day EMA levels so we can hold the fort for now. Watch carefully, stop loss! If trade talks are resolved and favorable, we can expect a reversal of previous days behavior. Walking on thin ice. The Mkt has discounted the cost of the tariffs. I am hopeful but mindful.