Nasdaq Composite +3.1% YTD
S&P 500 +1.6% YTD
Dow Jones Industrial Average +1.4% YTD
Russell 2000 +0.4% YTD
NYSE Vol: 916M
Nasdaq Vol: 2.5B
Key U.S. News:
EIA Crude Oil Inventories
The market set new intraday highs yesterday but gives back gains during the second half of the session.
We are in Earnings season and JPMorgan Chase, Citigroup and Delta Air Lines have positive earnings results but Wells Fargo disappointed investors.
And like in Jaws, just when we thought it was safe to go back into the water. Tariffs are back in the news. The U.S. will reportedly keep existing tariffs on Chinese imports for at least ten months.
Stand aside today and wait for either a pullback or breakout.
Lets go trade!