U.S. China Trade Headlines Creating Daily Stock Market Chaos
The stock market sees heavy selling overnight... No wait, the stock market rallied.
Trump says this, China says that. This is not a trading situation for those without a plan, or if you are a new stock trader. If you want to be here for the long-term, get a proven plan or step aside. There's no shame in keeping your cash (and your confidence) during this hourly, headline driven insanity.
However, if you have discipline and solid trade management skills, the current stock market is giving us massive opportunity.
For the most part, I've dropped down to lower time frames and switched to active day trading. Something I haven't done in a while. If you're doing the same, you can't have an opinion, you MUST be focused and willing to exit losers fast.
If you can, opportunity is everywhere. I'm seeing many more stocks looking like they are ready to slide into lower levels. Here is today's scan of stocks that meet the criteria.
***Remember that meeting the criteria for a scan doesn't make it a good trade. Dig into the scan and find the better ideas.
Good luck today.
Pete
Dow Jones Futures Volatile: China Trade War Trumps Stock Market Rally, Fed Rate Cuts
Dow Jones futures slashed heavy losses early Monday morning, along with S&P 500 futures and Nasdaq futures, as investors try to price in an escalating China trade war, following Friday's big stock market declines.
After hiking China tariff rates late Friday, President Donald Trump said Sunday his trade war regret was not raising tariffs higher. Apple (AAPL), perhaps the ultimate China trade war stock, will be in focus. So will Boeing stock, Nike stock, Micron stock and Tesla stock.
investors.com/dow-jones-futures-change-direction
Trump says China called twice to restart trade talks
Dow futures up by over 200 points… In a comment that moved financial markets, President Donald Trump on Monday said serious negotiations with China will begin after the U.S. received two “very good calls” from Beijing.
“China called last night our top trade people and said let’s get back to the table,” the president said after meeting Egyptian President Abdel-Fattah el-Sissi. “I have great respect for it.”
marketwatch.com/trump-says-china-called-twice
‘Ridiculous at best’: Chinese state media give their take on Trump and the tariff war
China’s state media put up a brave front after the country’s trade war with the U.S. escalated sharply over the weekend.
“When the U.S. side tried to intensify trade bullying and exert maximum pressure on China, it only strengthened China’s resolve, making China stand more firmly against the U.S. bullying, and defend its legitimate rights and interests,” Xinhua added.
cnbc.com/china-state-media-defends-beijing
Five Tech Stocks That Are Risky for Investors
Investors are always on the lookout for stocks that will provide exponential or multi-bagger returns. This means investors need to identify stocks that are undervalued and have significant upside potential.
But does the ‘buy low and sell high’ mantra always work? I will look at five tech stocks that are trading at 52-week lows (some are at all-time lows) and are still way too risky.
